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

5. New-energy vehicle maker Nio’s stock leaps 37% on level 4 autonomous car tie-up with Intel’s Mobileye

6. Peijia Medical 沛嘉医疗, R&D company focusing on medical devices for heart valve disease treatment, raised $100 million Series C round


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Mobile-only Markets:

1. Brazilian mobility startup Kovi that rents vehicles to on-demand drivers raises $30M Series A from global investors

2. Indian podcasting startup Kuku FM raises funds from China’s Shunwei Capital, others



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



1. Ohio’s Drive Capital closes $350M for fund iii & updates numbers on its first opportunity fund

2. Google launches new program for green start-ups as employees revolt over its record on climate change

3. Facebook has a new all-caps corporate logo to separate the corporation from the Facebook social network

4. Microsoft’s Farmbeats aims to simplify data analytics for farmers facing formidable practical challenges

5. Dropbox launches its file transfer service for all users

6. Shopify expands into email marketing

7. TransferWise enables international money transfers to Asian e-wallets: GoPay, Ovo, Dana, GCash, PayMaya, and bKash

8. Customer data management company Amperity acquires Custora to improve its customer data platform

9. HomeLight, AI real estate platform that matches home buyers with real estate agents, raises $109 million 

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

13. RedMarlin, an AI and machine learning startup that detects and remediates counterfeiting, raises $10 million

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


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