Overseas:
1. Softbank’s Saudi-backed Vision Fund to raise $4 billion in debt
2. Microsoft made $1.3 billion in cash payments in GitHub deal
3. Los Angeles-based SGVC closed its third fund with $51 million in committed capital.
4. Mary Meeker is said to be raising up to $1.25 billion for her new growth fund
5. Facebook launches Lasso, its music and video TikTok clone
6. Tesla names director Denholm to replace Musk as board chair
7. VW plans to sell electric Tesla rival for less than $23,000
8. Nested, the online estate agent that makes home sellers ‘chain-free’, raises further £120M
9. Taxify aims for 10-fold Africa growth, to overtake Uber in Europe
10. SAP is acquiring survey software maker Qualtrics for $8 billion
11. Amazon is offering 50 percent cheaper shipping than UPS for some sellers
12. Ford to buy scooter-sharing company Spin to beef up mobility business
14. Intel Capital led a $16 million Series B round in Overwolf, an Israeli gaming and services platform.
15. Smart city start-up Quantela received a $10 million investment from Digital Alpha.
16. Pure Bit, a South Korean exchange, pulls a $2.8 million exit scam
China:
2. Alibaba sets new Singles Day record with more than $30.8 billion in sales in 24 hours
4. Social commerce fashion app Mogu.Inc submitted IPO Prospectus in USA.
5. The sales amount on Xiaomi’s new retail omni-channel exceeded 3 billion.
Emerging Market:
2. DailySocial moves forward with launch of Hybrid, an Indonesian e-sports news platform
Cover picture credits from Livemint.