1. China’s automobile sales up 14.5% in May 2020; Tesla sold over 11K Model 3

2. Luckin Coffee scandal sparks demand from Chinese tech firms for auditors to check online metrics data

3. Didi denies rumors about acquisition by Meituan Dianping

4. Tencent-led investor group to take China’s Bitauto private for $1.1b

5. Real-time audio and video PaaS cloud service provider Paileyun 拍乐云 raised 25million RMB in Angel round, led by Sequoia  Capital China

6. AI Medtech company Shukun Technology 数坤科技 raised 200million RMB in B1 round.


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1. Gojek’s group CTO Ajey Gore steps down

2. Indonesian digital payments platforms OVO, DANA reportedly agreed to merger

3. Singapore fintech firm Fincy nets $11m from GBCI Ventures

4. Bühler invests in Big Idea Ventures’s New Protein Fund; to invest in up to 100 plant- and cell-based firms



1. U.S., Brazil in talks on funding to buy 5G gear from Ericsson, Nokia

2. Netflix in talks to source Indian content from Reliance affiliate Viacom18

3. ByteDance to shut down Vigo apps in India

4. India’s Reliance Jio Platforms to sell $250 million stake to L Catterton

5. Dutch development bank FMO mulls $3m investment in Myanmar-based financial service provider (licensed MFI) Maha



1. Japan’s SoftBank bought back almost $600m of own shares in May

2. AT&T seeks sale for Warner gaming unit, could fetch about $4 billion

3. Snap To Launch WeChat Mini-Program Analog ‘Minis’

4. Sony just revealed the PlayStation 5, coming later this year

5. Volkswagen launches home EV charging system sales ahead of ID.3 vehicle deliveries

6. Danish pharmaceutical company Novo Nordisk to buy biotech company Corvidia Therapeutics for up to $2.1B

7. Pipo Saude raises $4.6 million to bring healthcare benefits management services to Brazil

8. Trade Hounds Raises $3.2M To Become The ‘LinkedIn Of The Construction Industry’


Image Credits: TechCrunch

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