CHINA:
1. Newzoo: Global esports will top $1 billion in 2020, with China as the top market
2. Chinese cellphone shipments slump nearly 40% in January
3. Megvii to refile expired IPO application: report
4. Nio to establish China headquarters in Hefei as it launches EC6 production
5. Chinese bubble tea chain Naixue 奈雪的茶 seeks $400m in US IPO
6. Foxconn offers $1,000 to new workers in bid to resume production
7. TikTok competitor Kuaishou announced DAU of over 300 million
8. Driverless car startup Pony.ai raises $462 million at a $3 billion valuation
9. Blockchain security startup CoolBitX raises $16.75M Series B
10. GGV leads $14m in Chinese tax and accounting startup Rongyisuan融易算
Check out our latest podcast here
Check out our latest blog post here
Subscribe to Daily Digest Newsletter here
MOBILE-ONLY MARKETS:
2. Grab raises up to $856M to boost payments business as rumors swirl of a merger with rival Gojek
3. Indonesia’s Indogen Capital to raise USD 50 million venture fund, says managing partner
4. Indonesian ride-hailing giant gojek denies report on merger talks with rival Grab
5. Intudo Ventures leads USD 3.25 million investment in Indonesian entertainment company Visinema
6. Chinaccelerator Batch 8 edtech company Snapask raises $35m from Asia Partners, Intervest
7. Indian tech gig company Indiez to merge with CrewScale
8. UK’s CDC leads $20m Series B funding in India’s iMerit Technology
9. Gold-backed lending startup Rupeek raises $60m from GGV Capital, others
CROSS-BORDER:
1. China’s Didi set to challenge Uber Eats with Japan expansion
2. Korean electronics giant Samsung might back Indian food delivery unicorn Swiggy
3. British supermarket giant Tesco exits China with US$357 million sale of stake to state-owned partner
OVERSEAS:
1. $19.4B Invested In Agri-FoodTech In 2019 According To AgFunder
2. Amazon is opening its first full-size, cashierless grocery store.
3. Salesforce grabs Vlocity for $1.33B, a startup with $1B valuation
4. Facebook acquires the VR game studio Sanzaru Games behind one of the Rift’s best titles
5. Comcast acquires free streaming service Xumo
6. Qualcomm and ZeroLight debut end-to-end 5G Boundless XR system
7. Checkout.com, a London-based payment platform, acquires payment optimization startup ProcessOut
8. Speedinvest raises new €190M fund to continue backing early-stage European tech startups
10. S Korea’s Big Hit Entertainment picks JPMorgan, others for IPO
11. SambaNova Systems raises $250 million for software-defined AI hardware
12. Molekule raises $58 million to take pollutants out of the air in the age of wildfires and viruses
13. Flock Freight raises $50 million to match shippers with freight transportation
14. Ripcord raises $45 million to digitize paper records with robotics and AI
15. Troubled Eaze finally closes $35M funding to to sell its own cannabis
16. French startup Cityscoot raises another $25.6 million for its electric moped service
17. FogHorn raises $25 million to support edge AI app development
18. L1ght raises $15 million for AI that protects children from online toxicity
19. Pipe, A Financing Platform For SaaS Companies, Raises $6M Seed
20. Last Energy raises $3 million to fight climate change with nuclear energy
21. Revl raises $5.2 million to stitch together videos with AI
22. Insurance platform Collective Benefits raises £3.3M to give gig economy workers a safety net
23. VCs bet millions on Microverse, a Lambda School for the developing world
Image Credits: Tech in Asia