CHINA:
1. ByteDance to pump $170 million into e-book reader Zhangyue 掌阅科技
2. ByteDance Invests In Smart Water Management Firm iReadyIT
3. ByteDance plans to hire 10,000 employees in two months amid fast expansion
4. Ant’s IPO has to wait for the small loan regulation to be fully implemented, says expert
6. IFC proposes extending $146m loan to Chinese medical manufacturer Yuwell
8. Ant Group-backed Chinese e-signature service eSign nets $150m Series D
9. IDG Capital-backed digital marketing agency Zhiketong nets $50m Series D
10. Chinese antiques platform Wanwu Dezhi closes $80m Series C round
11. Chinese database and AI company Oushu Inc. has pocketed an undisclosed sum in a Series B
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
MOBILE-ONLY MARKETS:
1. Indonesian fintech Cermati reports data breach, 2.9 million users affected
2. Civil society groups urge Myanmar government to restore internet in Rakhine and Chin
3. Vietnamese unicorn VNG sees room for gaming growth in SE Asia
CROSS-BORDER:
1. Former Google exec’s VC invests $30m into Chinese robotics startup MegaRobo
2. TikTok takes down election misinformation aimed at younger users
3. Visa partners with Vietnam’s Nexttech Group to promote digital payments adoption
4. GIC-backed SpaceDC opens new data center in Indonesia
OVERSEAS:
1. Bezos sells more than $3 billion worth of Amazon shares
2.10D Launches $110M Venture Fund Focused On Israeli Seed, Series A Startups
3. Intel has acquired Cnvrg.io, a platform to manage, build and automate machine learning
4. Japan’s SoftBank and KDDI to pump USD 38 billion into 5G
5. Podcastle raises $1.75M for podcast platform
Image Credits: TechCrunch