Overseas:
1. Vista Raises $850M To Buy Smaller Software Firms As PE Keeps Chasing Tech
2. Private equity firm Blackstone is acquiring mobile ad company Vungle
3. Google’s new ‘data echoing’ technique speeds up AI training
4. Waze now shows road toll prices along your driving route accross the US and Canada
5. Curve, the ‘over-the-top’ banking platform, raises $55M at a $250M valuation
6. Amperity raises $50 million to unify disparate customer data
7. DefenseStorm raises $15 million for automated cybersecurity and compliance solutions
9. Finland-based Surrogate raises $2 million for ‘reality’-focused games and video streaming
China:
2. China to impose 20% income tax on revenue from online Red Envelopes 红包
3. Didi opens up app to rival ride-hailing services
4. Youdao 有道 , educational platform managed by Netease 网易, to seek to IPO in the US
6. UBTech 优必选, AI Robotics firm, preparing for IPO in Mainland China
7. Bayuegua.com 八月瓜, intellectual property service platform, completed 50M RMB A founding round
Cross-Border:
1. Tmall Global to list 40,000 foreign brands in 3 years
2. Xiaomi sets up a research center in Nokia’s homeland
3. AI education unicorn Squirrel targets foreign markets with plans for mathematics, Mandarin lessons
4. Tech recruitment platform Glints eyes Vietnam, Hong Kong expansion with US$6.8M funding
Emerging Market:
3. IDN Media acquires Indonesian multiplatform esports company
4. India’s Byju’s, ed-tech company, valuation soars to $5.5b in ongoing Series F funding round
5. Yandex-Uber JV MLU acquires regional rival Vezet for shares and $71.5M in cash
Image credits: China Daily