CHINA:
1 Huawei said to ask Samsung, SK Hynix for stable supply of memory chips
2 Alibaba in Q1 2020: 960 million active consumers globally
3 Pinduoduo in Q1 2020: 600 million active buyers, up 42%
4 Hong Kong biotech startup Pacific GeneTech joins global search for African swine fever vaccine
5 Xiaomi-backed chip developer VeriSilicon 芯原微电子 gets green light for $111m STAR Market IPO
6 Memory security service provider Anxinsec 安芯网盾 raises $1.4m, led by GL Ventures
7 Healthtech company Lidarongyi 立达融医 raises $1.4m in Series A2, led by SIG
8 Saas and aPaaS platform, HuiCloud 慧友云商 raises $1.4m in Series B
9 Online education platform Fuulea 辅立码课 raises $140k in Angel Round
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MOBILE-ONLY MARKETS:
1 Reliance launches JioMart online grocery service to rival Amazon, Flipkart
2 Indian fintech digital lender Lendingkart lays off 30% of its staff as coronavirus impacts business
CROSS-BORDER:
1 India overtakes China in fintech funding in Jan-March quarter
2 Snapchat India daily active user base grew 120% in March on annual basis
3 Nissan, Renault Prepare Billions of Dollars in Cuts
4 Rocket Internet-backed Flash Coffee expands to Thailand
5 Singapore- and US-headquartered investor B Capital partners startup incubator Antler
6 Alibaba-backed Indian leading online grocer BigBasket eyes up to $200m in new fundraise
OVERSEAS:
1 TV ad impressions drop nearly 27% for gaming brands
2 Nvidia CEO Jensen Huang on the Metaverse, permanent WFH, and accelerating raises
Image Credits: CapitalWatch