Overseas:
1. New $47M fund, Fil Rouge Capital, is ready to boost Croatia’s growing startup scene
2. Cloudflare files S-1 with healthy mix of accelerating revenue growth
3. Southern California athletic brand, Vuori, raises $45 million from Norwest Venture Partners
4. Birth control delivery startup Nurx approaches $300M valuation
5. Data processing startup Incorta raises $30M Series C for ETL-free data processing solution
6. Entertainment studio Klang raises $22.3 million for MMO space colony simulation Seed
7. Flower delivery startup UrbanStems raises $12M to fund national expansion
8. Fitz Frames, with $2.5M in seed funding, wants your kid to have custom glasses
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China:
1. Chinese users’ average daily time spent on Apps reached 4.7 hours in 2019 Q2
2. Alibaba to buy NetEase Koala 网易考拉, cross-border e-commerce, for US$2 billion
3. Wechat is internally testing ‘original video’ function aimed at protecting video content creator
4. AI startup AInnovation plans IPO at value of at least US$1 billion in China
5. Yaoyanshe 药研社, CRO for pharmaceutical companies, completed 300M RMB in Series A
6. Aifound 才查到科技, financial product identification and risk warning tool, completed Pre-A funding round
Cross-Border:
1. Canadian Pension Plan Investment Board CPPIB commits $1b across 5 Asia-focused funds in 2019
2. US consulting firm Accenture acquires Analytics8 in latest Australian deal
4. South African Naspers in talks to acquire stake in Indian gaming platform Dream11 for $100m
Emerging Market:
1. Yes Bank, Indian banking service provider, eyes $600m more from investors to bolster capital buffers
2. India’s Reliance to launch mobile broadband and OTT video services
3. ShareChat, Indian regional social platform, raises $100million in Series D Funding
4. Indonesian unicorn e-commerce platform Bukalapak’s revenue slides 41% in year’s first half
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