CHINA:
1. Nio China secures USD 680 million cash injection
2. Meituan may invest $500 million in EV startup Li Auto
3. Chinese dating app Tantan claims 360 million registered users but no profits
4. Cathay Capital invested in FuturMaster, a supply chain solution provider.
5. AI-driven parking solutions developer AIpark nets $42m in Series C funding
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MOBILE-ONLY MARKETS:
1. NextBillion.ai, a 6-month-old startup founded by the brains behind Grab Maps, raises US$7M Series A
2. Singapore-based TurtleTree Labs secures $3.2m to bring its cell-based milk to the market
3. Singapore’s Botsync closes seed round to scale up its heavy-duty autonomous mobile robot solutions
4. Ackcio raises pre-Series A co-led by Wavemaker for expansion of its wireless monitoring solutions
5. AppWorks joins Indonesian edutech startup InfraDigital’s Series A round
6. Indonesian logistics startups Ritase, Waresix close to raising funds
CROSS-BORDER:
1. India bans TikTok and dozens of other Chinese apps over security concerns
2. Tencent, Primavera to fund grocery delivery app Xingsheng Youxuan 兴盛优选
3. GrabPay expands its merchant base in Malaysia
OVERSEAS:
1. Australia to spend nearly $1 billion to boost cyber security
2. Postmates revives IPO plans amid food delivery deal boom
3. Lululemon set to acquire home fitness startup Mirror for $500M
4. Banking platform solarisBank raises $67.5 million at $360 million valuation
5. KKR Backs Royalty-free digital music provider Artlist’s $48M Financing Round
7. Nacelle raises $4.8M for its headless e-commerce platform
Image Credits: The Quint