CHINA:
1. Ex-Baidu senior VP closes debut angel fund Longzhong Xinyi Fund at $29m
2. Bytedance and Tencent reach music licensing deal
3. Alibaba to send red packets worth RMB 2 billion during Spring Festival gala
4. Alibaba claimed that Taobao Livestream 淘宝直播 created 4 million jobs in 2019
5. Rural farmers sell produce online as China steps up poverty alleviation efforts
6. Chinese e-cig startup Relx launches flagship shops
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MOBILE-ONLY MARKETS:
1. India orders investigation into alleged anti-competitive practices by Amazon and Walmart’s Flipkart
2. Indian neobank epiFi secures $13.2m in seed funding to bankroll product launch
3. Indian logisitics management startup Pando raises $9m
CROSS-BORDER:
1. Trump to halt civilian drone program over China tech concerns
2. US makes final plea for Boris Johnson government to block Huawei from UK’s 5G network
3. Verlinvest infuses $8m in online beauty products retailer Purplle
OVERSEAS:
1. Visa to acquire Plaid, the fintech powering Venmo and other banking apps, in $5.3 billion deal
2. Samsung acquires TeleWorld Solutions to help build 5G infrastructure
3. Adobe Experience Manager now offered as cloud-native SaaS application
4. ToursByLocals snaps up its first funding, C$33M, to link sightseers with guides globally
5. Skyqraft, a startup using AI and drones for electricity power-line inspection, raises $505K
6. Jolt raises $14.1M for its ‘pay-monthly’ business school
8. Singaporean fintech startup Klub bags $2m from Sequoia’s Surge, others
Image Credits: Technode