CHINA:
1. China will strive to achieve major tech breakthroughs: President Xi
2. China wants self-driving tech in half of new cars by 2025
3. China couriers handling 26% more parcels during this year’s shopping festival
5. Alibaba expects livestreaming e-commerce penetration rate to reach 30%
6. ByteDance to generate over $27b in ad revenue this year, sources say
7. Gaming boom plays into Tencent’s hands with 89% profit rise
8. Chinese Twitch competitors Douyu and Huya report slower growth as offline entertainment recovers
9. Xpeng Motors shows robust growth on back of strong P7 sales
10. Pinduoduo stock soars while its user base closes in on Alibaba
12. Qi An Xin leads $60m Series D in cloud communication service platform XYLink
13. Edtech company Huatec bags $44m from China Reform Culture Holdings
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MOBILE-ONLY MARKETS:
1. Singapore looks to woo global tech execs with special visa
2. Alibaba-owned Lazada saw ‘record’ sales on Singles Day, its Singapore CEO says
3. Shopee sets new record with 200 million items sold on Singles’ Day
4. Reliance Industries to invest up to $50m in Breakthrough Energy Ventures
5. Indian venture debt firm BlackSoil completes the first close of new fund at over $14m
6. Ascent Capital closes its debut Myanmar-focused fund at US$88M
7. Ninja Van teams up with NearMe for e-payment services in Myanmar
CROSS-BORDER:
1. TikTok can continue to operate in the U.S., Commerce Department says
2. PUBG announces India return with new game and $100 million investment
3. Kairous Capital wants to bring Chinese tech startups to SEA via Malaysia, plans RMB fund
OVERSEAS:
1. Group of 165 Google critics calls for swift EU antitrust action
3. Amazon shifts some voice assistant, face recognition computing to its own chips
4. Amazon’s in-garage delivery is now available in 4,000 US cities
5. DoorDash, Roblox, Wish and Airbnb all expected to go public before year’s end, sources say
6. Daimler will shrink with shift to electric, autonomous cars
7. Uber-rival Bolt to invest over 100 million euros in European e-scooter market
8. Sony PS5 sold out online as pandemic chills real-world retailing
9. Peregrine Ventures launches USD 300 million fund for life sciences startups
11. London-based Railsbank, a banking-as-a-service platform for fintech companies, raised $37 million
13. Livestorm raises $30M for its browser-based meeting and webinar platform
14. Gaming startup Statespace raises $29 million, tops 1.5 million MAUs
15. Improving America’s Financial Health: Truebill Banks On $17M
Image Credits: KrAsia