CHINA:
1 Electric vehicle subsides in China extended to 2022
2 Baidu to issue $1 billion debt offering after the fallout from COVID-19
4 58.com receives buyout proposal from private equity firm Ocean Link 欧翎投资
5 Chinese AI Unicorn 4Paradigm 第四范式 Raises $230M at Nearly $2B Post-Money Valuation
6 Beijing-based ForwardX Robotics secures RMB 100 million in Series B+ round
Check out our latest podcast here
Check out our latest blog post here
Subscribe to Daily Digest Newsletter here
MOBILE-ONLY MARKETS:
1 Alibaba’s Lazada briefly suspends new Singapore grocery orders
2 TNB Aura to invest USD 2 million in each startup hit by COVID-19 crisis
3 Indian foodtech unicorn Zomato starts online grocery delivery services
4. Indian Edtech startup Camp K12 raises USD 4 million in seed round
5 Singapore B2B e-learning platform raises funds in Agaeti-led round
CROSS-BORDER:
1 UN will use Tencent’s Zoom challenger for digital event
2 Google to shut down its India-focused Q&A app Neighbourly
3 Tesla Speeds up Phase 2 of Shanghai Gigafactory
5 Ant Financial 蚂蚁金服 and US-based Asset Manager Vanguard launch robo-advisor on Alipay
6 Binance’s purchase of CoinMarketCap.com raises eyebrows
8 Intel Capital leads $14m Series B round in Ningbo-headquartered biotech company KFBIO
OVERSEAS:
1 FCC enacts $200M telehealth initiative to ease COVID-19 burden on hospitals
2 NASA and SpaceX add some retro flair to the Falcon 9 rocket flying the first crewed Dragon launch
3 Zoom freezes feature development to fix security and privacy issues
4 Facebook Messenger launches Mac & Windows apps
5 Tesla delivers 88,400 electric vehicles, beating expectations
6 Pinterest CEO and a team of leading scientists launch a self-reporting COVID-19 tracking app
7 Ikea acquires AI imaging startup Geomagical Labs to supercharge room visualisations
8 Mayo Clinic starts using autonomous vehicles to deliver coronavirus tests and medical supplies
9 Digital Lending Startup Better.com Hiring ‘Aggressively’ As More People Refinance
11 Legend Biotech raises $150.5m in equity financing at $1.95b valuation
12 ARCH Venture Partners raises $1.46 billion across two funds for biotech investing
14 Phantom AI raises $22 million to develop ADAS products
15 Lightheart Entertainment raises $1.4 million for ‘hyper core’ mobile gaming
Image Credits: Forbes