CHINA:
1. China sets limits on personal data collection by live-streaming, short video-sharing services
2. Xiaomi shares slide 7.1% after finalising $3.9 billion in equity deal
3. Huawei’s First Chip Manufacturing Plant Completes Construction
4. TikTok owner ByteDance develops anti-fraud system to fight fake traffic in China
6. China’s Suning.com bags $915m for its newly launched ecommerce platform
7. Xpeng deliveries up 342% in November as China’s EV industry gains steam
8. China’s Dongfeng Motor sets up automobile industry equity investment fund, commits $90m
9. Toy maker Pop Mart sees huge demand for USD 600 million Hong Kong IPO
10. Lightspeed co-leads $30m funding in Linkedcare, a medical service provider that specialises in SaaS
11. Sequoia China backs METiS Pharmaceuticals
12. Hillhouse, Vertex back Chinese oatmeal brand Wangbaobao
Check out our latest podcast about “Rapid Accession of China’s Capital Market Post COVID with Benjamin Qiu, Legal Expert on Cross-border Investment” here
Check out our latest blog post about “Top 5 Podcasts to Understand How VCs Make Decisions” here
MOBILE-ONLY MARKETS:
1. Tata Group close to buying 80% stake in e-grocer BigBasket
2. Bharti Airtel’s arm picks 4.9% additional stake in Infratel for $390m
3. Sequoia India’s Surge leads $6m round for browser testing platform LambdaTest
4. Singapore becomes the first country to approve the sale of cultured meat
5. Carousell CEO joins seed round in Singapore mental health startup Intellect
6. Grab launches grocery delivery service GrabSupermarket in Malaysia
8. BRI Ventures’ fund invests $2m in drink brand Haus in series A round
9. Otoklix to expand its O2O solutions for automotive aftermarket in Indonesia with US$2M+ financing
10. Singapore fintech startup CardUp partners with Visa to launch in Hong Kong
CROSS-BORDER:
1. Ant Group denies report of stake sale in Paytm
2. Singtel’s ICT arm enters Australia through Optus Enterprise tie-up
3. Egypt’s Trella expands its trucking marketplace to Pakistan
4. Chinese social apps tussle in Indonesia’s influencer economy
5. Jio Platforms backs SF-based AR gaming startup Krikey
OVERSEAS:
1. US shopping app downloads on Black Friday reached a record 2.8M installs
2. Eric Schmidt is backing a new $111 million European venture capital fund
3. Appeals court schedules Dec. 14 hearing on blocked U.S. TikTok new user ban
4. U.S. states plan to sue Facebook next week
5. Snowflake shows 119% revenue growth in first earnings report as a public company
6. Salesforce acquires Slack for over $27 billion, marking cloud software vendor’s largest deal ever
7. Uber in advanced talks to sell air taxi unit
8. Uber, JetBlue join Amazon-backed Climate Pledge
9. Facebook acquires Kustomer, a CRM start-up
10. Amazon in talks to buy podcast firm Wondery
11. Google shutting down Poly 3D content platform
12. Discovery partners with Verizon to distribute new streaming service
13. Hyundai Motor to launch dedicated EV platform in major push into electric cars
14. AWS launches Trainium, its new custom ML training chip
16. Lightspeed POS acquires restaurant software company Upserve for $430M
17. Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants
18. Helping Online Merchants Scale: ShipMonk Raises $290M To Meet E-commerce Demand
19. Voi, the European ‘micro mobility’ rental company, raises $160M additional equity and debt funding
20. Bizzabo raises $138M for a platform that helps you build and run virtual conferences
21. SoftBank leads $113.5m investment in US logistics tech firm Flock Freight
22. Genesis Therapeutics raises $52M A round for its AI-focused drug discovery mission
23. Teen banking app Step reaches for the stars to raise $50 million
24. Space Perspective raises $7M for its plan to ferry tourists to the edge of space
25. Floww raises $6.7M for its data-driven marketplace matching founders with investors, based on merit
26. Fylamynt raises $6.5M for its cloud workflow automation platform
27. Wellory raises $4.5M for its ‘anti-diet’ nutrition app
28. Novakid’s ESL app for children raises $4.25M Series A led by PortfoLio and LearnStart investors
29. Orbit raises $4M for its community experience platform
30. Construction Tech Startup Soil Connect Raises $3.25M Seed Round
31. Neuroglee gets $2.3 million to develop digital therapeutics for neurodegenerative diseases
32. Segmed Raises Over $2M To Curate Medical Datasets
Image Credits: dealstreetasia