1. Chinese Venture Firms Deploy $5.67B In May

2. China’s NetEase to raise up to $3b in Hong Kong listing, sources say

3. Chinese Tesla challenger Xpeng to file for US IPO seeking USD 500 million (Rumor)

4. On-demand Delivery Firm Dada Group 达达 to List on Nasdaq Early this Month

5. Yum China to bring Beyond Meat’s plant-based burgers to Chinese branches of KFC, Pizza Hut and Taco Bell

6. Pinduoduo’s Latest Business Venture Could Be in Airline Tickets

7. Car Inc may soon exit the Charles Lu family

8. GGV Capital Leads $81.4M Round In Chinese Community E-commerce Platform Nice Tuan十荟团

9. Industrial drone maker iKingtec 云圣智能 secures USD 25.3 million in Series B round


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1. India asks internet service providers to block WeTransfer

2. Indian travel giant MakeMyTrip lays off 350 employees amid COVID-19 pandemic

3. Malaysian insurtech startup PolicyStreet banks $1.8m in series A money



1. Ex-Google angel syndicate XA Network invests in Vertex Ventures SEA’s $305m fourth fund

2. Global VC firm Antler to launch in India

3. Kuaishou Aims to Conquer U.S. Market with New App “Zynn”

4. Volkswagen doubles down on EV push in China with checks worth $2.3 billion

5. OPPO ties up with T-Hub to support India’s startup ecosystem

6. Temasek leads $28m Series C round in US medical imaging firm Arterys



1. Global smartphone sales plummeted 20% in Q1, thanks to COVID-19

2. Jeff Bezos is buying a stake in UK digital supply chain startup Beacon

3. Buffett-backed BYD to supply EV batteries to Ford

4. Social gaming company Zynga acquires Turkey’s Peak Games for $1.8B, after buying its card games studio for $100M in 2017

5. Equinix is buying 13 data centers from Bell Canada for $750M

6. Danggeun Market, the South Korean secondhand marketplace app, raises $33 million Series C

7. Autonomous mobile robots maker Ontario’s Otto Motors lands $29M Series C

8. Bonusly, the platform for employee recognition, raises $9 million Series A

9. Spanish Hyperloop Startup Zeleros Closes $7.79M Funding Round

10. Canada’s Poka Raises US$4.7M To Connect Factory Workers


Image Credits: TechCrunch

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