CHINA:
1. China’s smartphone sales decline 22 per cent in first quarter, only Huawei bucks the trend
3. TikTok-owner ByteDance eyes expansion in online education with help of AI dragon ‘tutor’
4. Alibaba tightens its grip on China’s logistics sector with 2% stake in Yunda 韵达
6. Luckin blames internal investigation and COVID-19 as reasons for missing annual report deadline
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MOBILE-ONLY MARKETS:
1. African fintech firm Flutterwave launches SME e-commerce portal
2. Index and Credo lead a $2.75M seed in anti-fraud tech, Prague based–Resistant AI
3. Vietnamese staffing platform Tiki for blue-collar workers shifts gears to weather Covid-19
4. Singapore’s DBS bank posts 29% fall in first-quarter net profit; shares jump 4%
CROSS-BORDER:
1. Tesla to Reduce Price of Model 3 in China to Re-qualify for State Subsides
2. Google gives $2.3M to 18 news organizations in Asia Pacific
4. Indian startup lobby seeks exemption from Chinese FDI curbs
OVERSEAS:
1. Player Spending in Overseas Markets Powers 37 Interactive Entertainment’s Q1 Growth
3. Apple now has $192.8 billion in cash on hand, down from last quarter
4. Microsoft will narrow its focus to software developers at this year’s virtual Build conference
5. The cloud arm of Amazon– AWS hits $10B for the quarter putting it on a $40B run rate
6. Twitter Q1: sales up 3% to $808M as it swigs to a loss on COVID-19, mDAUS hit record 166M
7. Dribbble, a bootstrapped ‘LinkedIn’ for designers, acquires Creative Market, grows to 12M users
8. Zoom walks back claims it has 300 million daily active users
9. Walmart is piloting a pricier 2-hour ‘Express’ grocery delivery service
10. WeWork Lays Off Staff As Part of A ‘Realignment’
11. Agtech Startup Pivot Bio Lands $100M to scale its microbial nitrogen technology
12. Design platform Figma raises $50 million Series D led by Andreessen Horowitz
13. Material Bank, a logistics platform for sourcing architectural and design samples, raises $28M
14. Smart home startup Josh.ai raises $11 million to offer a home assistant alternative to Alexa
15. Plantible raises $4.6 million seed round for an egg white replacement that isn’t aquafaba
Image Credits: TechCrunch