CHINA:
1. Tiktok and Douyin are the top-grossing apps worldwide for the seventh month
2. Alibaba teams up with SAIC Motor to boost car sales amid industry recovery
3. CAVCA Sues Kuaishou for Music Copyright Infringement
4. Chinese Self-Driving Truck Firm Inceptio Tech Raises $120M Round
5. Chinese cloud communication service provider RongCloud nets funding co-led by eWTP
6. Fintech service provider MioTech 妙盈科技 closed Series B
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MOBILE-ONLY MARKETS:
1. After hitting peak in Sept, startup funding in India dives 62% in Oct
2. Indian logistics startup Xpressbees raises $110 million
3. India: Electric scooter startup Ather Energy raises $35m led by Sachin Bansal
4. AMTD’s Singapore Solidarity Fund invests $6.4m in 5 fintech startups in its first batch
5. Singapore edtech startup LingoAce banks $6m in Sequoia India-led round
6. Singapore-based sales productivity platform Nektar raises $2.15 million seed round
9. Indonesian telemedicine platform Halodoc in talks to raise $200m Series C
10. Vietnam health tech company Nhi Dong 315 raises funds
CROSS-BORDER:
1. Netflix bets big on Asia as it sees ‘significant potential’ in these markets
2. Google, Walmart’s PhonePe hit by India’s move to limit some digital payments players
3. Cairo Angels launches micro VC fund to invest in startups in Middle East and Africa
4. Tesla plans to set up own EV charging infrastructure in Singapore
5. Chinese EV makers face uphill battle with Europe expansion
OVERSEAS:
1. SoftBank spent $1.35 billion on buybacks in October
2. NASA partners with SpaceX, Rocket Lab, Blue Origin and others for test flights and research
3. Airbnb under scrutiny in Europe ahead of ground-breaking regulation
4. Adobe plans acquisition of marketing workflow startup Workfront for $1.5B
5. Apple places manufacturing partner Pegatron on probation
6. Chip maker NVIDIA signs in-car entertainment system deal with Hyundai Motor
7. Hyundai reportedly in talks to buy SoftBank-owned Boston Dynamics
8. GM speeds rollout of two ‘major’ EV programs, to hire 3,000 tech jobs
9. Sony prepares to enter the drone game with Airpeak
10. Nuro lands $500M for self-driving delivery
11. Cellwize Dials In $32M Series B For Mobile Networks
12. Grayshift, the maker of phone unlocking tech, raises a Series A round
13. Cookware startup Great Jones raises $1.75M as it expands into bakeware
Image Credits: Reuters