CHINA:
1. China’s economy in Q3; GDP grew 4.9%
2. China’s first private 5G mobile network for mining deployed in Shandong province
3. Chinese ride-hailing giant Didi prepares 2021 Hong Kong IPO
4. Baidu launches in-app shopping channel in latest e-commerce move
6. Ping An Overseas Fund Raises $875M
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MOBILE-ONLY MARKETS:
1. ShopUp raises $22.5 million to digitize millions of mom-and-pop shops in Bangladesh
2. OYO Indonesia Names New Country Head
3. Zomato stops Pro features in Indonesia and the Philippines, reportedly lays off local team
CROSS-BORDER:
1. Tesla to export China-made Model 3 vehicles to Europe
2. SAIF Partners rebrands as Elevation Capital, secures $400 million for its new India fund
3. Disney’s video-streaming platform Hotstar to launch in Singapore in November
4. Indonesia launches national store on Pinduoduo
5. US-based Eat Just, Proterra invest $120m in plant-based protein facility in Singapore
6. India: Blackstone in advanced talks to buy L&T AMC
7. Warburg-backed Princeton Digital raises $360m in Ontario Teachers-led funding
OVERSEAS:
1. Japan to join forces with U.S., Europe in regulating Big Tech firms: antitrust watchdog head
2. Late-stage deals made Q3 2020 a standout VC quarter for US-based startups
3. NASA is launching a 4G mobile network on the moon
4. Verizon signs up Microsoft, Nokia to help clients build private 5G networks
5. South Korea’s SK Hynix to buy Intel’s NAND business for $9 billion
6. Tesla third-quarter registrations in California drop 13% – data
7. Juniper Networks acquires Boston-area AI SD-WAN startup 128 Technology for $450M
8. Qualcomm-backed AiFi To Deploy $14.5M In Autonomous Stores
9. Pimloc gets $1.8M for its AI-based visual search and redaction tool
Image Credits: SCMP