1. China eases rules, widens US$222 billion inbound investment path, offering the renminbi as a safe haven against global volatility

2. Smartphone shipments dip in China for Q3, led by Huawei decline

3. Alibaba to kick off China’s first post-pandemic ‘Singles Day’ early

4. Ant Group’s IPO sees record $3 trillion in retail demand

5. Tencent’s Honor of Kings reports 100 million daily users, expands into new genres

6. Tencent-backed retailer Miniso sets up USD 15 million buyback fund for dangerous recalled products

7. Alibaba and Jack Ma’s YF Capital to join Kuaishou’s upcoming Hong Kong IPO

8. Genshin Impact rakes in USD 250 million in its first month, outpacing Honor of Kings and PUBG Mobile

9. Chinese digital solutions provider Dmall closes $418.5m in Series C round

10. Audio and video cloud services provider Zego Technology 即构科技 raised USD 50million in Series C, led by Tencent

11. Wireless audio products provider Libratone raised over 100million RMB in Series A

12. Hong Kong fintech startup Statrys nets $5m in angel round

13. Hong Kong fitness wearables startup Silentmode raises $1m in pre-series A funding


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. Alibaba-owned ecommerce Lazada suffers data hack of 1.1 million accounts

2. Singapore-based social e-commerce startup WEBUY raised US$6M Series A

3. Reliance Jio Platforms tops 400M subscribers, explores expanding services outside of India

4. Indian online lending platform EarlySalary has raised $10 million as part of its Series C 

5. Malaysian edtech startup AOne secures seed funding from Wavemaker

6. Indonesia’s jobs marketplace AdaKerja bags $1m in seed round from Beenext

7. Grab, Philippines’s Department of Trade & Industry, Mayani announce partnership

8. Gojek in discussions with Indonesia’s largest telco over USD 150 million convertible bond sale



1. U.S. judge blocks Commerce Department TikTok order

2. China’s Autohome proposes to buy Malaysia’s iCar Asia

3. Apple’s Q4 sales in China drop 29% YoY with iPhone 12 release delay

4. Netherlands-based games provider Newzoo partners EVOS Esports



1. Cloud infrastructure revenue grows 33% this quarter to almost $33B

2. Nestlé To Acquire Subscription Meal Service Freshly For $950M

3. Under Armour to sell its fitness app MyFitnessPal

4. Global investment firm Carlyle acquires Flender for $2.3b

5. Walmart unit Sam’s Club partners with DoorDash to deliver medicines

6. Sony in talks with AT&T to buy Crunchyroll for more than $950 million

7. Daimler invests in lidar company Luminar in push to bring autonomous trucks to highways

8. Toyota to invest $500m in KDDI to strengthen ties for ‘connected car’

9. Clarity AI gets $15M for social-impact investment platform

10. LabGenius closes $15M Series A extension for AI-enabled therapeutic

11. Corporate spend-management company Teampay adds $5M to its Series A at higher valuation after growing ARR 320% growth since the round


Image Credits: TechCrunch

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