1. Hangzhou City Proposes Laws Prohibiting Mandatory Facial Recognition

2. Huawei Still No. 1 Phone Seller In China

3. Ant Group cuts funds for overseas partners ahead of IPO

4. Tencent game title breaks China’s App Store first week revenue record

5. Tencent-backed short video app Kuaishou Technology 快手 to file for Hong Kong IPO within two weeks, say people familiar

6. Jack Ma’s PE firm leads investment round of e-commerce site backed by Tencent Zhenkunhang 震坤行

7. Xiaomi buys into home decoration firm Dongyi Risheng 东易日盛 to boost smart home business

8. WM Motor to recall almost 10% of sold EVs in 2020 after smoke and fire incidents

9. Chinese AI Startup Smart More Raises $100 Million

10. Kuaishou-backed KOL sales service provider Mokuai nabs funding

11. Chinese hot pot brand Zihaiguo 自嗨锅 nets over $50m in Series C round led by CICC


Check out our latest podcast about “China’s Cross-Border Luxury Ecommerce: The Past & The Present, with Claire Chung, Former China GM of Yoox Net-A-Porter Group” here

Check out our latest blog post about “Top 5 Podcasts to Understand How VCs Make Decisions” here



1. Singapore’s Beamstart (Chinaccelerator portfolio company) launches USD 10 million fund to invest in Southeast Asian early-stage startups

2. Indian NBFC Finova Capital raises $55m from Sequoia, Faering, others

3. Marriott International announces partnership with Grab in six Southeast Asian countries

4. Nykaa founder’s family office invests $20m in Indian fintech startup FlexiLoans

5. Ex-Oyo, Swiggy execs’ edtech startup Teachmint bags $3.5m in seed round led by Lightspeed

6. WEBUY lands US$6M Series A to take its social e-commerce biz into Vietnam, Philippines

7. Singtel may commit over US$440M to digital bank venture with Grab

8. Malaysia’s marketplace for fresh farm produce Secai Marche raises US$1M

9. SOSV Chinaccelerator-backed TourPlus, an online marketplace that connect travellers with local guides, secures US$1M seed funding

10. Andalin raises pre-Series A led by Beenext to expand its B2B logistics solutions in Indonesia

11. Cambodia debuts digital currency as emerging countries lead charge



1. Samsung beats Xiaomi to reclaim No. 1 spot in Indian smartphone market

2. Bahrain’s fintech Tarabut Gateway expands its Open Banking platform to UAE



1. Economic cost of new EU tech rules could top $100.5 billion, study says

2. Tech giants lost more than $270 billion in market value in the last two days, including Alphabet and Facebook

3. Samsung predicts fourth-quarter decline in profits due to weak demand and growing competition

4. SoftBank attempted to delay WeWork’s $3 billion share purchase – court filing

5. BT signs 5G deal with Ericsson to help phase out Huawei equipment

6. Nokia cuts full-year profit forecast, sets new strategy

7. Panasonic second-quarter profit beats estimates on boost from Tesla battery business

8. EBay beats quarterly profit estimates, forecasts current-quarter sales above expectations

9. DoubleVerify, a specialist in brand safety, ad fraud and ad quality, raises $350M

10. Mobile Games Company Scopely Boasts Of ‘Significantly Profitable Business’ As It Raises $340M

11. Whoop, maker of the fitness tracker that pro athletes love, is now valued at $1.2 billion, after getting $100M in Series E

12. Outrider raises $65 million to bring its autonomous tech to distribution yards

13. Streetbees raises $39M in a Series B round as brands race to interrogate Pandemic-hit consumers

14. Pulumi raises $37.5M Series B for its cloud engineering platform

15. Kandji, an Apple enterprise management toool, raises $21M Series A

16. Lunchbox raises $20M to help restaurants build their own ordering experiences

17. Sidekick Health scores $20M for its gamified digital care platform

18. Juganu Brings Its Virus-Killing Lighting System To The U.S. After Raising $18M Series C

19. Priori raises $6.3M to help large companies hire outside legal help

20. App management startup AppFollow raises $5M Series A round led by Nauta Capital


Image Credits: China Money Network

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