Overseas:
1. Sierra Ventures Closes $215 Million For Oversubscribed Twelfth Fund
2. WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO
3. Lexion raises $4.2M to bring AI to contract management
5. Collaboration app Notion Labs hits $800 million valuation in new funding
6. DeepMind’s AI learns to generate realistic videos by watching YouTube clips
China:
1. China opens up finance sector to more foreign investment
2. Most companies surge on first day of trade on China’s Nasdaq-style venue, SSE Star Index 50 科创板
3. China court recognizes Bitcoin as virtual property
4. Kaishustory 凯叔讲故事, educational content app for children, receiving US$50M C founding round
Cross-Border:
1. Eurasian powers seek African influence via development summits
2. Bytedance to set up data centres in India, in line with government efforts towards data localisation
3. SoftBank Group raises $270 million via Seoul unit for early stage startup investments
5. After Baidu tie-up, BMW taps Tencent for autonomous driving in China
6. Japan’s Mitsui invests $14m in Indian electric mobility service firm SmartE
Emerging Market:
1. India’s Oyo valued at $10B after founder purchases $2B in shares
2. B2B packaging marketplace Bizongo set to raise $15m from B Capital, IFC, others
3. SG startup files complaint against Deliveroo, Grab for anti-competitive behaviour
4. soCash raises US$6M Series B to convert retail shops into virtual ATMs
5. VertoFX raises $2M for its African and EM currency trading platform
6. On-demand work platform GoGet bags $24k in fintech challenge
Image Credits: ShanghaiEye