1. China online advertising market grew by 1.9% in Q1 2020

2. WeChat Adds Delivery Services to Its All Built-In Functions

3. Smartphone giant Xiaomi enters China’s online mutual aid industry with new health care platform

4. TikTok rival Kuaishou builds USD 1.4 billion data center in China

5. Sales of admission tickets for amusement parks rose by 437% on JD 618

6. Beijing Eswin Computing Technology raises $283M to boost chip production in China

7. Moxi Technology 摩西科技, gamification marketing for Ecommerce, raised 7-digit RMB in Angel Round


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1. Thailand proposes to tax foreign internet companies

2. Propzy, a Vietnamese offline-to-online real estate platform, raises $25 million Series A

3. Vietnam’s F88 raises US$6M in funding to expand its loan lending platform

4. Singapore’s e-commerce market expected to reach US$9.5B this year

5. Singapore-headquartered fintech startup Wallex Technologies nabs Series A funding led by BAce Capital, SMDV, Skystar Capital



1. Filipino fintech firm Ayannah merges with India’s ECAPS

2. Indonesia’s telco operator XL Axiata partners with Google Cloud



1. Wing, founded by veterans of Accel and Sequoia, rounds up $450 million for its third fund

2. Amazon is planning to build diagnostic labs as it ramps up Covid-19 testing for warehouse workers

3. Online used car seller Vroom’s shares surge 83% in debut

4. DNAnexus raises $100M for a cloud-based analytics platform aimed at genomics and other clinical big data

5. Database security startup jSonar raises $50M from Goldman Sachs

6. Yugabyte To Power Database Products With $30M Series B

7. Data startup Axiom secures $4M from Crane Venture Partners, emerges from stealth

8. The Sun Exchange raises $3M for crypto driven solar power in Africa

9. Advekit Using $2.6M Seed Round To Grow Market For Mental Health Platform

10. Transparent face mask startup HMCARE inhales $1M seed round


Image Credits: South China Morning Post

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