1. Tencent aims to become biggest shareholder of video streaming rival iQIYI

2. Pinduoduo’s market cap hits $100b in 5 years

3. ByteDance first quarter revenues up 130% with annual target half Tencent’s 2019 earnings

4. ByteDance forms e-commerce business unit

5. Chinese EV maker BYD raises $113m more for semiconductor unit

6. Chinese ride-hailing giant Didi is testing grocery e-commerce

7. Warburg-backed Chinese classifieds firm to go private in $8.7b deal

8. China’s VC-backed cloud service developer Qiniu 七牛 nets $141m in Series F round

9. Geek+, the Amazon Kiva of China, lands $200 million Series C


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1. Reliance says Saudi’s PIF to invest $1.49 billion in Jio

2. Japanese insurer Sompo to invest $500m in data analytics firm Palantir

3. SoftBank-backed ride-hailing firm Grab announces layoffs

4. Singapore-based VC firm Beenext launches US$110M fund for early-stage startups in SEA, India

5. Singapore’s social carpooling app Ryde to allow users to pay for rides using bitcoin

6. Singapore’s Popsical raises US$5M Series A for its cloud-based karaoke platform

7. Indonesian furniture e-tailer Fabelio bags $9m in series C1 money

8. Indonesia-based logistics raises Series A funding round led by Prosus Ventures



1. Chinese firms abandon US market at fastest pace since 2015 amid rising tension, tighter listing scrutiny

2. Oppo cancels live online phone launch in India amid calls to boycott Chinese goods

3. China’s gay dating app Blued eyes Nasdaq IPO to expand overseas

4. Japanese insurer Sompo to invest $500m in data analytics firm Palantir



1. Israeli fintech soars to USD 1.8 billion in investments in 2019

2. Australian VC Square Peg Capital raises $242m from pension funds

3. SoftBank to sell up to two-thirds of T-Mobile stake, worth about $20 billion

4. Carrefour, Google to launch voice grocery shopping service in France

5. Coupang, a SoftBank-backed start-up, is crushing Amazon to become South Korea’s biggest online retailer

6. Amazon deploys AI-based tech to maintain social distancing at its facilities

7. Australian regulator says Google’s $2.1 billion Fitbit deal could harm competition

8. Mapillary, the crowdsourced database of street-level imagery, has been acquired by Facebook

9. DoorDash Reaches For $16B Valuation With Latest Funding Round

10. U.S.-Israeli fintech firm Pagaya raises $102 million in funds

11. Payfone raises $100M for its mobile phone-based digital verification and ID platform

12. Website platform Contentful raises $80 million from investors

13. Sales engagement startup Outreach Raises $50M, Reaching $1.33B Valuation

14. Big Health Hones Digital Mental Health Therapy With $39M Series B

15. Workplace search startup Onna gets $27 million in venture funding

16. Urbint, a provider of field safety information for utilities, raises $20 million

17. Remessa Online raises $20 million to become the TransferWise of Latin America

18. Clockwise’s $18M Series B Will Help Your Calendar Be Smarter

19. Helping The Gig Economy: Dumpling Raises $6.5M To Grow Shopping, Delivery Businesses

20. Customer Engagement: Acquire Raises $6.4M Series A To Unify Communications

21. CognitOps Ready To Put $3M Seed Round To Work For Warehouse Managers

22. Playbook, a creator platform focused on fitness, raises $3 million in seed


Image Credits: KrAsia

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