CHINA:
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
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
MOBILE-ONLY MARKETS:
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
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
CROSS-BORDER:
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
OVERSEAS:
1. Economic cost of new EU tech rules could top $100.5 billion, study says
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
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