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 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

11. Beijing-based next-generation sequencing (NGS) startup Hugo Biotech raises nearly $14m from Northern Light


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1. Singapore’s state-owned Temasek to freeze pay, cut senior bonuses as coronavirus hits its Chinese investments

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



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



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., a London-based payment platform, acquires payment optimization startup ProcessOut

8. Speedinvest raises new €190M fund to continue backing early-stage European tech startups

9. TripActions, a corporate travel-focused unicorn, secures $500M credit facility for its new corporate travel product

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

24. App Samurai, a platform to market mobile apps, closes a $2.4M Series A funding round led by 212 Ventures


Image Credits: Tech in Asia

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