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

7. Cross-border e-commerce company Yangmatou 洋码头 raised 8-digit RMB in Series D, invested by Sina Weibo. 


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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

4. Bank Bank Rakyat Indonesia (BRI) pumps US$1M into Indonesia Mall, encourages local MSMEs to grow online



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



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

7. TradeGecko, a Singapore-based startup selling inventory management software, lays off a quarter of its staff

8. Singaporean fintech startup Klub bags $2m from Sequoia’s Surge, others

9. Singapura Finance is the latest to join digital license race, partnering digital payment startup MatchMove


Image Credits: Technode

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