1. China produces 182 new billionaires, triple the new faces in the US, while Shanghai overtakes Hong Kong for the first time: Hurun Report

2. TikTok the world’s most downloaded app in January with 104.7 million installs

3. Apple to require licenses for games in China App Store

4. Xiaomi moves in on chip industry with investments in two suppliers

5. Five months after being acquired by, Carrefour China turns profitable

6. Alibaba’s Dingtalk adds WeChat Moments-like feature

7. Cash-strapped Tesla challenger NIO signs preliminary deal for US$1.4 billion funding

8. Nio denies rumours of USD 300 million investment from Geely

9. SF Express crosses RMB 100 billion revenue mark in 2019

10. Fashion e-commerce platform Jumei 聚美优品 to go private

11. Online kids’ content provider Kaishu Jianggushi 凯叔讲故事 closes USD 66 million Series C+ round joined by Temasek

12. Alibaba-backed precision diagnostics firm Amwise raises $10m

13. Social commerce platform Wukong Zhanggui 悟空掌柜 raised an 8-digit RMB Series A


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1. Indonesian entertainment development company Visinema raises $3.25 million Series A

2. Y Combinator-backed food delivery startup Dahmakan raises $18m series B

3. Indian-based online personal care brand LetsShave bags funding from Wipro

4. India’s finch startups PhoneParLoan raises funding from early-stage investor SOSV MOX

5. Singapore-based Insurtech company Uncharted snags US$5.8M Series A investment

6. On-demand tutoring app Snapask gets $35 million to expand in Southeast Asia



1. Chinese firms rush to bring 5G smartphones to India

2. Apple to open first retail store in India next year, Tim Cook says

3. Amazon all set to enter India’s food delivery market

4. Malaysia’s Xeraya Capital leads $31m Series B round for US medical device maker Aria CV

5. S Korea’s Mirae Asset Venture co-leads $18m funding in KAHR Medica, an Israeli biopharmaceutical company



1. California’s self-driving car companies cover 2.9 million miles in 2019

2. Streaming services accounted for nearly 80% of all music revenue in 2019

3. Google announces $10 billion investment in US expansion amid government antitrust probes

4. Zoom has added more videoconferencing users this year than in all of 2019 thanks to coronavirus, Bernstein says

5. Tesla, Panasonic will reportedly stop joint solar cell production at Gigafactory 2 in Buffalo

6. Waymo joins backlash against California self-driving data requirement

7. Specialized AI Chipmaker Graphcore Extends Series D Round With $150M, Valued At $1.95B

8. Chicago’s M1 Finance, a consumer-focused fintech platform, reaches $1B under management

9. Online gaming platform Roblox raises $150 million round led by Andreessen Horowitz

10. Andreessen makes Ribbon Health the first investment from its $750 million new healthcare fund

11. Plume raises $85 million to bring smarter Wi-Fi networks to more homes

12. Unqork raises $51 million more to expand its no-code enterprise app development platform

13. Minute Media raises $40M more for its user-generated, syndication-based sports publishing platform

14. Tractable raises $25 million for computer vision that accelerates insurance claims

15. Tempo Lands $17.5M Series A For AI-Powered Home Workouts

16. Elementor raises $15M for its WordPress website builder

17. LinkSquares raises $14.5 million to expedite contract management with AI

18. Hasura raises $9.9M Series A to simplify GraphQL for developers

19. Made Renovation Raises $9M Seed For Tech-Enabled Bathroom Remodels

20. Strattic raises $6.5M to bring static WordPress to the masses

21. Stonly grabs $3.5 million to make customer support more interactive

22. FunCraft raises $1.8 million to make ‘casual forever’ mobile games


Image Credits: TechCrunch

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