1. China’s consumer-to-manufacturing model is expected to be a new driver in shaping the country’s e-commerce landscape

2. ZhongJi InnoLight 中际装备, intelligent equipment and optical communication devices company, commits invest 30 million yuan ($4 million) to jointly launch industry fund to promote 5G development in China

3. Beijing-based PE firm Primavera Capital raises $3.4b fund: Report

4. Alibaba’s Singles’ Day sales top $38 billion

5. Tencent falls $90b behind e-commerce giant Alibaba after NBA China Clash

6. Chinese online gaming firm NetDragon Websoft 网龙公司 secured 1 billion yuan for its education subsidiary

7. Hillhouse Capital leads Series A Round in Chinese industrial internet firm AllSense

8. RTShield 端御科技, information security technology company, raised A round of financing


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Mobile-only Markets:

1. UAE-based fintech startup Tabby raises $2m in seed funding



1. Tencent partners with Nintendo on console games for US

2. Alibaba, US startup Lolli partner to reward shoppers with bitcoin

3. Tencent invests in Indian online insurance platform Policybazaar



1. MAS, Temasek develop blockchain-based prototype for multi-currency payments

2. Balderton Capital raises new $400M fund to back European tech startups at Series A

3. Singapore’s Beenext looks to raise $100m for Emeging Asia fund

4. SoftBank-backed Paytm to invest $70m in early-stage tech startups

5. Twitter drafts a deepfake policy that would label and warn, but not always remove, manipulated media

6. Google wants Chrome to offer instantaneous and native app-like experiences

7. Google Chrome to identify and label slow websites

8. Adidas backpedals on robotic shoe production with Speedfactory closures

9. Prosus makes $6.3B hostile bid for Just Eat; Just Eat rejects deal in favor of Takeaway merger

10. BGH Capital, Canada’s OTPP to buy NZ dental business Abano for $95.4m

11. Singapore-based on-demand staffing platform Workmate bags $5.2m in series A round

12. OpenText acquires data backup and security platform Carbonite for $1.42 billion

13. Frontier Car Group, Berlin-based startup building used car marketplaces, picked up $400M of funding from OLX Group

14. Stingray-inspired spacecraft could eventually probe the atmosphere of Venus



Image Credits: TechCrunch

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