1. Xiaomi grabs smartphone marketshare in third quarter as Huawei wobbles

2. TikTok owner ByteDance launches education technology brand Dali for China

3. ByteDance launches mobile game distribution platform Danjuan 蛋卷游戏 

4. Alibaba’s Taobao Live hits US$7.5 billion in first 30 minutes of presales for Singles’ Day

5. Education Giant New Oriental Launches Hong Kong IPO

6. Chinese biotech firm Gracell nets $100m from Wellington, OrbiMed, others

7. Dmall 多点, digital retail platform for fresh goods , raised over US$400million in Series C

8. 追势科技 Zhuishi Technology, L2-L4 self-driving technology provider, raised tens of millions RMB in Pre-A round

9. AI SaaS provider 深度赋智 closed angle round of tens of millions RMB


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. Sequoia India leads $55m series C round in lending platform Finova Capital

2. Indian digital lender CredAble banks $4.5m from existing backers

3. India’s WareIQ raises $1.65M for its Amazon-like delivery platform for sellers

4. Gojek in talks to raise $150m from Telkomsel, sources say

5. AdaKerja raises US$1M from Beenext to connect blue-collar workers with MSMEs in Indonesia

6. IFC mulls $20m loan in Vietnamese plastic manufacturer An Phat Holdings



1. Wary of security issues, Japan’s government moves to shut China out of its drone supply chain

2. Sony, OmniVision receive U.S. licences to export sensors to Huawei



1. Amazon predicts $4 billion in Covid-related costs next quarter, with unpredictable holiday sales

2. TikTok and parent company ByteDance have sued rival app Triller

3. LG Chem shareholders approve plan to split off battery business

4. Tesla plans to open about 52 new service centers in 2021

5. WhatsApp is now delivering roughly 100 billion messages a day

6. E-cigarette maker Juul trims valuation to $10b amid increasing regulatory scrutiny

7. Benson Hill lands $150M for AI in foodtech

8. SoftBank-backed travel startup GetYourGuide secures $133 million from investors

9. Online education startup Udemy in talks to raise $100 million in funding

10. Q32 raises $60M Series B to fight autoimmune diseases

11. Jiko banks $40M Series A for fintech product launch

12. Arable Cultivates $20M Series B To Digitize Agriculture

13. Supersonic aircraft startup Hermeus raises $16 million Series A

14. Wise raises another $12 million to double down on embedded business banking

15. Insurance startup Goodcover raises $7.5 million in Series A

16. Nutrium app, which links dietitians and patients, raises $4.9M led by Indico Capital

17. Asset discovery startup Lucidum raises $4M Seed round from GGV, Silicon Valley CISO Investments 

18. One-click housing startup Atmos raises another $4M from Khosla, real estate strategics and TikTok star Josh Richards

19. CoreCare raises $3 million for managing billing and payments from public health benefit providers


Image Credits: Reuters

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