3. Didi’s biking sharing brand Qingju 青桔 raises over USD 1 billion

4. Ant Financial launches blockchain platform for small firms and developers

5. Tesla Opens Online Flagship Store on Alibaba’s Tmall, Tapping into China’s Digital Market

6. Xiaomi spent $65 million on share buybacks this week

7. Apple supplier Foxconn steps up semiconductor plans with deal to build a new base in Qingdao

8. B2B automotive e-commerce platform Maihaoche 卖好车 secures USD 20 million in new funding round

9. China’s Gome said to raise $200m through debt sale to Pinduoduo

10. HK-based AI startup Travelflan targets to clinch $12m Series A+ deal soon


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1. Singapore VC firm Quest Ventures hits first close of $50m Asia fund

2. Funding Societies, a peer-to-peer lending platform for SMEs, raises $40m, but streamlines its business amid Covid-19

3. India-based AI chatbot startup Yellow Messenger banks $20m in series B round

4. A Bengaluru-based startup Setu lands US$15M Series A for its financial service platform

5. General Atlantic invests USD 30 million in Bengaluru-based online real-estate startup NoBroker

6. Temasek-backed Reefknot, Mastercard co-lead $11m round for fintech startup Previse

7. Singapore’s cross-border remittance firm TranSwap in talks for US$5-10M investment



1. Chinese driverless car firm launches autonomous deliveries in California as lockdown continues

2. Chinese e-commerce giant teams up with US firm Blue Yonder on AI supply chain transformation

3. Apple Store to reopen in South Korea with an emphasis on fixing Macs and iPhones

4. Facebook reportedly in talks with Indian conglomerate Reliance to create super app

5. Chinese-backed owners committed to British HQ for Imagination Tech 

6. US chip supplier Nvidia gets China’s go-ahead for $6.9b acquisition of Mellanox



1. UK unveils $1.6 billion rescue package for tech start-ups hit by coronavirus outbreak

2. Australians urged to adopt phone tracking app in coronavirus fight

3. Investor Mary Meeker says Covid-19 crisis is separating businesses with strong online strategies from laggards

4. Goldman predicts 36% drop in iPhone shipment, says time to sell Apple shares

5. Vox Media will furlough 9% of workforce, or about 100 employees, for three months until July 31

6. Amazon deploys thermal cameras at warehouses to scan for fevers faster

7. UK regulator clears Amazon stake in coronavirus-hit Deliveroo

8. Netflix adds $50 million to relief fund for production workers

9. Airbnb reportedly lays off contractors and cancels summer internships

10. Republic acquires Fig, adding games to its startup crowdfunding platform

11. Trade Republic, a German Robinhood, raises $67M led by Accel and Founders Fund

12. Autofleet raises $7.5M to help fleets put idle vehicles into drive

13. Grain, a startup built expressly atop of Zoom, has raised $4 million


Image Credits: DealStreetAsia

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