Overseas:
1. Disney is selling FoxNext gaming company after $71.3 billion acquisition of 21st Century Fox
3. Yahoo Japan to buy online fashion retailer Zozo
4. Peloton, developer of internet-connected stationary bikes and treadmills, plots US$1.2B Nasdaq IPO
5. Explorium reveals US$19.1M in total funding for machine learning data discovery platform
7. Bux launches ‘BUX Zero’ to begin offering fee-free trading in Netherlands
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China:
1. Total revenue of China’s big data market will reach US$9.6 billion in 2019
2. Chinese mobile games ranked Top 30 internationally in August – PUBG Mobile ranked 1st
3. Shanghai’s Zhangjiang Hi-Tech Park Launches USD351.6 Million Tech Fund
6. 51Talk’s, online English education platform, revenue grew 25.4% YoY to 353M RMB in Q2 2019
8. 58.com’s Zhuan Zhuan 转转 Used-Goods Trading Platform Secures US$300 Million in Financing
9. e-ai-edu.com 卓世未来, AI content-based education company, received 7-digit RMB in Series A
Cross-Border:
1. Douyin 抖音 rival Kuaishou 快手 refocuses overseas, Brazil DAU surges to 3 million
2. US investment firm Angelo Gordon raises US$1.3b for Asia real estate fund
Emerging Market:
1. Robots are coming for India’s shop floors
2. Venture capital fund Chiratae eyes first close of US$150m for fourth India-focused fund
3. Dana and Ovo, two of Indonesia’s top mobile payments platforms have plans to merge
5. InMobi’s Glance raises US$45M to expand outside of India
6. Nigerian online-only bank startup Kuda raises US$1.6M
Image Credits: China Film Insider
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