China:
1. Hangzhou launches start-up insurance to boost entrepreneurship
2. Livestreams on Taobao Live earn RMB 20 billion in sales on Singles Day
3. Luckin reports 540% revenue growth on quest to outnumber Starbucks storefronts in China
4. WeWork’s China rival Ucommune targets US listing in December
5. Chinese podcast startup Ximalaya 喜马拉雅 seeks to raise funds at $3.5b value
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Mobile-only Markets:
1. Thai PE firm Lakeshore Capital in the market for $125m second fund
2. Ujjivan Small Finance Bank raises $35.7m in pre-IPO round
3. Bengaluru-based artificial intelligence chatbot Niki.ai plans to raise $30m, and more updates
4. Indonesian serial entrepreneur Natali Ardianto kicks off on-demand digital pharmacy platform Jovee
5. Indonesia’s digital credit platform Kredivo said to secure Series C funding from Mirae Asset Capital
Cross-Border:
1. Burberry, Tencent join hands to roll out social media-friendly stores
Overseas:
1. Report shows GrabPay is the e-payment app that Singaporeans use the most
4. Facebook’s AI system now detects 80% of hate speech proactively
5. Grab said to seek up to $30m in funding for e-scooter service
7. DoorDash said to seek $100M more at similar valuation to its $12.6B Series G
9. Punchh lands $40M to give physical retailers Amazon-style analytics
11. AMP Robotics raises $16 million to sort recyclable materials autonomously
12. Endurance event marketplace ‘Let’s Do This’ races to $15M Series A
13. Investigative intelligence platform Siren raises $10 million
14. Bossa Nova Robotics unveils inventory robot for small stores
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