CHINA:
1. Short video penetration over 70% in Q3 2019; 38% made a purchase
2. Gaw Capital Partners closes Gateway Real Estate Fund VI at $2.2B
3. Chinese VC firm Qingsong Fund closes $43m tech fund, prepares $143m fourth fund
4. Cheap loans underpin China’s semiconductor sector: OECD
5. Tencent, Xiaomi apps called out for illegal data collection
6. TikTok ranks fourth for non-game app downloads in 2019
7. Baidu quits smart speaker price war against Alibaba, Xiaomi
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MOBILE-ONLY MARKETS:
1. Vietnam’s B2B e-commerce startup Telio banks $25m Series A
2. Avataar Ventures leads $22m funding in SaaS startup Appnomic
CROSS-BORDER:
1. China sovereign fund, Singapore’s UOB join US$14 billion bailout plan for troubled Chinese lender
OVERSEAS:
1. WeWork secures over $1.7b in Goldman-backed financing
2. Sapphire Ventures closes on $1.4B io invest in late-stage startups
3. Tusk Ventures closes second fund in four years; more than double its debut fund with new $70M fund
4. Facebook fails to convince lawmakers it needs to track your location at all times
5. Facebook acquires Spanish cloud video gaming company PlayGiga
6. Netflix sees biggest gains in revenue, subscribers in Asia Pacific
7. Instagram bans influencers from getting paid to promote vaping and guns
8. Paige raises $45 million to detect cancer with computer vision
9. Huckleberry raises $18 million to match small businesses with insurance plans using AI
10. Goldman Sachs leads $15M investment in Indian fintech startup ZestMoney
11. Springboard raises $11 million and partners with Microsoft to combat global tech talent shortage
12. Grafiti, a search engine for charts, raises nearly $1.6M in pre-seed funding
13. Singapore AI startup Glee Trees secures funding from 500 Startups
Image Credits: Eloise Ambursley