CHINA:
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
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
9. HK’s plant-based packaging startup Ecoinno bags $6m from Alibaba funds
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MOBILE-ONLY MARKETS:
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
CROSS-BORDER:
1. Tesla reportedly halts car production at Chinese factory
2. Snow’s avatar app Zepeto registers 150M users, eyes China market
OVERSEAS:
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