Overseas:
1. Tiger Global is launching a new fund with $3.75 billion in committed capital
2. IBM to acquire software company Red Hat for $34 billion
3. Qualcomm says Apple $7 billion behind in royalty payments
4. Microsoft overtakes Amazon as second most valuable U.S. company
5. Microsoft closes its $7.5B purchase of code-sharing platform GitHub
6. Facebook removes fake accounts tied to Iran that lured over 1 million followers
7. Snap shares sink as two million users move on
8. Mellanox, the $4 billion company that makes hardware for data centers, is exploring a sale
9. Bright Machines raised $179 million in series A funding from Eclipse Ventures to make robots smarter
12. Tesla is rolling out its Navigate on Autopilot feature
13. Quizlet, the website for creating digital flashcards, hits 50M monthly users
14. Teikametrics raises $10M to optimize Amazon ads
China:
1. Obscure Chinese firm Wingtech Technology Co will buy Dutch chip maker Nexperia for US$3.6 billion
2. Hong Kong science and tech hub set to deploy US$1.3B focussed on startups
3. ByteDance reportedly closes US$3B, values at US$75B
4. Hong Kong halts e-wallet auto top-ups after missing funds
5. Car hailing company Didi is exploring hotel business.
6. Electric car producer Byton 拜腾 is planning IPO.
7. Toothpaste brand Canban 参半 closed 7-digit RMB in A round.
Cross-border:
-. Apple India Records 140% Jump In Net Profit For FY18
Blockchain:
– Blockchain startup hires away Google’s messaging tech leader
Emerging Market:
2. Singapore’s AnyMind Group raises US$13.5M to put AI tech into advertising and HR
3. Social network for sports prediction SportsHero launches in Malaysia, ties up with e-pay
Cover picture credits from CCN.