CHINA:
1 China Launches Long March 5 Rocket For Lunar Probe Successfully
2 China’s 5G Online Terminal Connections Surpass 100 million
3 Second digital yuan lottery to launch in Suzhou
4 China’s CDH Investments secures first close of data centre fund at $228m
5 Tencent investing $150m more in insurance tech startup Waterdrop
6 Bytedance Expands Search Ads to compete with Baidu
7 ByteDance refocuses on casual games to take on Tencent and NetEase
8 Xiaomi posts 34 per cent rise in revenue on back of overseas growth as Huawei leaves a gap
9 JD Logistics Preparing for IPO Next Year? Estimated Valuation to be $40B
10 JD.com hires 15,000 workers for expanding logistics network
11 Truck Driver Dispatch Firm Manbang raises $1.7 Billion
12 GL Ventures, LAV co-lead $50m Series A funding in vision therapy firm Elumninex
Check out our latest podcast about “Inside the VC Mind Ep2: Billion-dollar Opportunities That Investors Missed (Remington Ong, Ray Yang, William Bao Bean)” here
Check out our latest blog post about “Top 5 Podcasts to Understand How VCs Make Decisions” here
MOBILE-ONLY MARKETS:
1 India bans 43 more Chinese apps over cybersecurity concerns
2 India’s Cars24 turns unicorn with $200m funding led by DST Global
4 Police case filed against Netflix executives in India over ‘A Suitable Boy’ kissing scene
5 Indonesian lending app Kredivo closes $100m debt financing from Victory Park Capital
6 Indonesia’s BRI Ventures’s Sembrani Nusantara fund hits first close at US$10M
7 Jakarta, Singapore named as top global fintech ecosystem in new report
9 Ming Maa’s three-pronged plan for Grab in 2021: Last-mile logistics, fintech, merchant services
CROSS-BORDER:
1 Garuda Capital acquires minority stake in HK-based FinLink Technology, a cross border payment
4 Retailer MINISO Accelerates Expansion in Europe and Beyond
5 Warburg’s Perlman bullish on SE Asian tech players tapping IPO route in few years
OVERSEAS:
1 Elon Musk now world’s second-richest as Tesla market value crosses US$500 billion
2 Uber Finally Hits $90 Billion Market Cap
3 Japan’s Mitsui Sumitomo to invest $350m in US insurance startup Hippo
4 Japan’s Nikkei up nearly 2% as Asia-Pacific shares mostly rise after Dow surges to a new record
5 Unicorn Hippo Insurance Raises A Fresh $350M
6 HMBradley, digitl banking platform Raises $18.25M To Bank On Consumer Saving Habits
7 Vanti Analytics Raises $4.5M Seed For Manufacturing AI
8 Gen Z Social App F3 Raises $3.9M Seed Round
9 Korean fintech firm Qara raises $3m in series A funding round
10 Phood Heats Up $2M Seed to Reduce Food Waste
Image Credits: China Money Network