China:
1. China’s new NEV plan allows automakers greater autonomy in tech development
2. 5G is still an infant, but smartphone makers are racing for early adopters in China
3. Tencent to launch Nintendo Switch in China on Dec. 10
4. Content aggregator Qutoutiao’s 趣头条 revenue growth slows sharply in Q3
5. AI startup Megvii 旷视 delays IPO to 2020
7. Chinese one-stop AI data service platform Graviti raises $10M in pre-A round
8. Hong Kong software startup Area28 secures $2.15m from Alibaba, Vectr, others
Check out our latest podcast here
Check out our latest blog post here
Mobile-only Markets:
1. Indian non-banking financial company Electronica Finance raises $14m from Encourage Capital
2. Hyderabad-based customer loyalty and rewards platform Froogal nabs pre-Series A funding
Cross-border:
1. Sequoia Capital raises $2.35b for China-focused funds
2. Xiaomi launches digital lending app ‘Mi Credit’ to offer credit to millennials in India
3. Indian ticketing startup BookMyShow gets Jungle Ventures backing, shifts regional HQ to Singapore
Overseas:
2. SG-based Circulate Capital launches $106m fund to address Asia’s ocean plastic crisis
4. AWS launches major SageMaker upgrades for machine learning model training and testing
5. Amazon introduces Fraud Detector and CodeGuru
6. YouTube won’t restrict simulated violence in video game content
7. SaaS unicorn Druva crosses $100M ARR Mark
8. ‘E-wallet factory’ MatchMove to raise US$150m in series C round, eyes profitability next year
9. SoftBank leads $100m round in Mexican financial services firm Konfio
10. SoftBank leads $30 million investment in Accel Robotics for AI-enabled cashierless stores
12. Blockchain-based ride-hailing service Tada bags $5m in series A round
Image Credits: TechNode