Overseas:
1. VC firm Otium Venture creates new management company, called Frst, and raises new fund
2. Runa Capital closes $70M for its third fund aimed at early-stage ‘deep tech’
3. Signavio raises $177 million for business process modeling tools
4. OneTrust raises $200M at a $1.3B valuation to help organizations navigate online privacy rules
5. Online hospitality business Sonder confirms new investment, $1B+ valuation
6. NewsCred raises $20 million to build out its enterprise content marketing platform
7. Rokit launches $50 million indie game development fund
9. SEC approves 1st consumer RegA+ token Props for cross-app rewards
China:
2. Young.chinaso.com 花漾搜索, a search engine for teens designed to filter out inappropriate content, is launched by Xinhua News Agency 新华社
3. Tencent’s Wechat 微信 to add a ‘driving insurance for highways’ function to its mobile payment service
4. BAT becomes JAT on Fortune China 500 as JD.com 京东 improves and Baidu 百度 fails to keep up
5. Baidu reporting that during the first half of 2019 it removed 31.25 billion harmful posts using AI
6. Didi 滴滴 launching a ‘return lost items’ function
7. Xiaohongshu battles to regain user trust amid KOL purge
Cross-Border:
1. German digital banking startup N26 makes U.S. foray
2. Japan’s Daiwa readies fund to invest in Myanmar startups
3. Indonesia’s GOJEK set to spruce up financial services, food delivery in Thailand
Emerging Market:
1. India’s Rivigo raises $65M to expand its freight and logistics platform
2. Tiger Global, Sequoia lead $60m funding in industrial B2B startup Moglix
4. Singapore’s medical diagnostics startup One BioMed raises US$5M Series A
5. Gurugram-based SaaS startup O4S raises $2.1m from Venture Highway
6. Mexico’s premier mortgage lender, Smart Lending, scores funding from DILA Capital
Image credits: South China Morning Post