Overseas:
1. Fintech startup Revolut ramps up customer support with plans to hire 400 people in Porto
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China:
1. Shanghai-based Xianghe Capital 襄禾资本 completed US$425M fundraising
2. HSBC processes first blockchain letter of credit using Chinese yuan
5. China’s largest gay dating App Blued reportedly eyes US IPO
6. ZAO face-swap app goes viral, sparks privacy concerns in China
7. Autocloudpro 车通运, intelligent automobile accessories provider, completed 7-digit US$ in Series C+
8. Incubator for comics IP Sanfufun 三福互娱 raised 30M RMB in in Series A+
Cross-Border:
1. India’s 26% FDI cap in digital media likely to hit valuations, fundraising
2. Indian OYO acquires Copenhagen-based data science company Danamica
5. Tencent-backed live-streaming platform Huya 虎牙 to invest in Swedish firm MTG’s e-sports unit
7. Thailand’s Beacon VC joins $32.5m Series A funding round of Singaporean fintech startup Aspire
Emerging Market:
1. Endeavor Malaysia launches ScaleUp Endeavor for startup-phase companies
2. Gojek partners with DOOgether to launch GoFitness, providing access to healthier lifestyle
3. Indian logistic aggregator startup ElasticRun in talks to raise US$55 million
4. Indonesian beauty platform Sociolla bags US$40 million Series D
5. Indonesian startup Eden Farm closes $1.7m seed round led by Global Founders Capital
Image Credits: Reuters