1. China’s Esports Market to Reach RMB 140 Billion in 2020

2. Chinese VC Linear Capital reaches first close of latest USD fund at $110m

3. Chinese video streaming platform Bilibili’s market capital increased USD 480 million in one day

4. Embattled education startup GSX 跟谁学 posts staggering Q1 growth amid fraud allegations and trade secrets lawsuit

5. Kingsoft Cloud Updates IPO Prospectus, Kingsoft Group and Xiaomi Could Buy $75 Million in ADS

6. China’s used goods trader Zhuanzhuan 转转 hits $1.8b valuation after merger with Zhaoliangji找靓机

7. Tencent-backed Chinese AI startup Enflame raises nearly $100m Series B funding

8. Fourier Intelligence, maker of rehabilitation robots, closes Series B+  round, bagging tens of thousands of yuan

9. HK’s plant-based packaging startup Ecoinno bags $6m from Alibaba funds


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1. India’s Reliance says Vista Equity to invest $1.50 billion in digital arm

2.Indian angel investor LetsVenture launches growth-stage platform to tap domestic capital

3. Nigeria’s Helium Health raises $10M Series A for Africa expansion



1. Tesla reportedly halts car production at Chinese factory

2. Snow’s avatar app Zepeto registers 150M users, eyes China market



1. Smartwatch shipments grew during the first quarter of 2020, with Apple Watch still in first place

2. Alphabet abandons plan to build smart city in Toronto

3. Uber leads $170 million investment in scooter company Lime, offloads Jump to Lime

4. Uber sees rides recovering from virus lows, banks on food-delivery momentum

5. Lyft revenue surprises with 23% rise, ‘on path to profitability’ despite coronavirus

6. Zoom buys Keybase — its first acquisition — as part of 90-day plan to fix security flaws

7. PayPal sees strong second quarter as online spending surges

8. T-Mobile beats phone subscriber estimates as lockdown creates demand surge

9. Zoox, Self-Driving Car Startup Valued at $2.7 Billion, Is for Sale

10. Unity snaps up Vancouver-based studio Finger Food Advanced Technology Group building AR/VR tech

11. Symend Raises $52M To Improve The Debt Resolution Experience

12. Owkin raises $25 million as it builds a secure network for healthcare analysis and research

13. Cybersecurity Startup Dtex Brings In $17.5M Series D To Expand Into New Industries

14. Workstream, a platform for deskless work, raises $10 million to serve local businesses

15. Stilt, which provides financial services for immigrants, raises $7.5 million seed round

16. Health and wellness company Hydrant Attracts $5.7M Series A To Quench America’s Thirst

17. Hub Security raises $5M Series A for its cryptography platform

18. Locatee raises $4M Series A for its workplace analytics platform


Image Credits: TechCrunch

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