China:
1. Chinese state firms launch $774m science & tech fund in Shanghai
2. ByteDance deploys gaming teams in five cities in bid to double 2019 revenue
3. Meituan rebrands its lodging marketplace to take on Airbnb in China
4. Tencent expands health care investments in USD 500 million Hillhouse deal
5. Q&A platform Zhihu adding livestream feature
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Emerging Market:
1. VinaCapital-led consortium to invest $21.4m in packaging firm Ngoc Nghia
Cross-Border:
1. LGT Capital hits final close of fourth Asia-focused PE fund at $1b
2. SoftBank to invest $500m in venture capital funds in Latin America
4. Manila-based HR and payroll startup Sprout gets $6m injection from NY-based Point72 Ventures
Overseas:
1. Trust Ventures raises $70 million for startups targeting public policy and social problems
2. Tanglin Venture Partners closes early-stage fund at around $51m
3. LinkedIn’s AI automatically generates photo text descriptions
4. Descartes Labs snaps up $20M more for its AI-based geospatial imagery analytics platform
5. Polte raises $12.5 million to track devices using LTE signal
6. Xor raises $8.4 million for AI-powered job candidate recruitment and screening
7. South Korean blockchain startup Iconloop raises $8.3m in series A funding
8. Rahko raises £1.3M seed from Balderton for quantum machine learning tech
9. Red Heart’s Heat Wave yarn uses proprietory technology to generate heat when exposed to sunlight
Image Credits: techcrunch