China:
1. China’s State Fund eyes $7b in fundraising to support manufacturing transformation
2. Huawei’s has rolled out 5G services worldwide; shipments exceed 400,000
3. Ant Financial launches international Alipay service for overseas users in China
4. Didi to test drive a revamped Hitch, its P2P ridesharing service in China
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Mobile-only Markets:
2. Indian podcasting startup Kuku FM raises funds from China’s Shunwei Capital, others
Cross-Border:
1. Google participates in a USD 150 million pre-IPO round in Indian SaaS unicorn Freshworks
2. Gojek gears up to operate in Malaysia
3. Travel wallet app YouTrip launches in Thailand through Kasikornbank tie-up
4. Australian legaltech firm Lawpath banks $3m for Asian expansion
5. Vietnamese proptech startup Ohana expands to Singapore, targeting urban millennial renters
Overseas:
1. Ohio’s Drive Capital closes $350M for fund iii & updates numbers on its first opportunity fund
5. Dropbox launches its file transfer service for all users
6. Shopify expands into email marketing
8. Customer data management company Amperity acquires Custora to improve its customer data platform
10. Health tech startup Medopad raises $25 million to detect chronic diseases using AI and big data
11. Untether AI raises $20 million to develop highly custom machine learning inferencing hardware
12. Chronosphere launches with $11M Series A to build scalable, cloud-native monitoring tool
14. UK real-time climate prediction platform Cervest raised 3.7 million pounds in seed round
15. Smart home thermostat company Ecobee rolls out Eco+, an AI engine in your thermostat
16. Uplandme unveils Upland, Monopoly-like game based on real-world property and blockchain
17. Valence launches a social network for black professionals
18. DBS, Trafigura launch blockchain trading platform in Singapore
Image Credits: KrAsia