CHINA:
1 SMIC, China IC Fund, E-Town To Jointly Establish $7.6B Chip Factory
3 Baidu holds the most AI-related patents in China
4 Baidu Earns First Permit in China for Fully Driverless Road Tests in Beijing
6 Alibaba-Backed AutoNavi Joined ByteDance’s Office Suite APP with Enterprise Car
7 Chinese Phone Maker Gionee Found Guilty of Implanting Malware in More Than 20 Million Devices
8 China’s 17 Education IPO sees 2nd day price pop
9 Chinese EV startup Hozon Auto bags $306m as part of series C round
10 GGV Capital leads $76m round for Tiger Global-backed Chinese startup, Gaia Works
11 Chinese biotech firm Avant nets $3.1m to commercialize cultivated meat
Check out our latest podcast about “Open Innovation in Healthcare from Academia to Corporates to Startups: She Loves Tech Series with Dr. Yongqin Zeng, Senior Director Innovation Lead at Philips Venture“ here
Check out our latest blog post about “Top 5 Podcasts to Understand How VCs Make Decisions” here
MOBILE-ONLY MARKETS:
1 After fundraising spree, Reliance Retail pushes grocery labels to India’s small towns
2 India’s Budget hospitality firms Zostel, OYO, Vista Rooms witness recovery in biz
3 Malaysia’s Carsome said to secure $25m in commitments led by Asia Partners
4 Claritas HealthTech, AI media processing technology to acquire tele-radiology player IHV
5 Indonesian P2P lender KoinWorks aims to be an SME super app with range of new products
6 Bangkok’s Proptech startup FazWaz raises funding to globalise real estate e-transactions
7 All Philippine startup funding up 384% in H1 amidst pandemic
CROSS-BORDER:
1 Google Pay forays into digital gift cards category in partnership with India’s Qwikcilver
2 Uber sells autonomous driving unit ATG to Aurora, a self-driving car start-up at $4b
3 Walmart hires Goldman Sachs to explore $10b Flipkart IPO in the US
4 Fatima Gobi Ventures delays final close of $20m Pakistani fund to early 2021
OVERSEAS:
1 Goldman Sachs’ MENA CEO Wassim Younan to retire
2 Toyota and Japan’s mega banks join body to fund hydrogen projects
3 SpaceX’s Starlink receives $886 million from FCC to improve rural internet
4 Australian logistics tech startup Shippit raises $22m, eyes SEA expansion
6 Online lending startup SoFi said to explore deal to go public
7 Sequoia’s Surge co-leads game development service Mod.io’s $4m round
8 Quell raises $3M to turn home fitness into a game
9 WoodSpoon Dips Into $2M Seed For Hand-crafted Food Marketplace
Image Credits: Deal Street Asia