1.Chinese VCs made 200 deals worth $5.27B in June 2020.

2.E-commerce platform Pinduoduo founder Huang Zheng resigns as the CEO

3.China’s bike-sharing platforms connect with BeiDou satellite navigation network to improve efficiency

4.Financial company China Everbright Ltd. partners Suzhou-based investors to launch $1.42B FoF for innovation-oriented sectors in Wujiang

5.Self driving company 知行科技 raised 8-digit RMB in B+ round to proceed manufacturing L2+ self driving cars

6.Remote collaboration SaaS company Oray 贝锐科技 raised 7-digit USD


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1. Indian edtech firm Flinto raises $7.2m in pre-Series B round led by Lightbox Ventures

2.Robotics startup Botsync raises seed funding to automate supply chains

3 Qualee raises $1M to offer customisable employee on-boarding solution for businesses

4 Wavemaker backs industrial tech startup Ackcio in pre-series A round



1. Sophia Bendz is leaving Atomico to join Berlin-based seed firm Cherry Ventures

2. Spotify expands Premium Duo subscription tier aimed at couples to U.S., India, dozens of other markets

3  Facebook launches ‘Avatars’ in India, its Bitmoji competitor



1. Apple races to push ahead with 5G iPhone mass production to offset coronavirus disruption

2.Google brings its AI-powered SmartReply feature to YouTube 

3.Google Photos to stop auto-backup of media files from WhatsApp, Facebook and other apps

4.Tesla speeds past Toyota to become world’s top automaker by value

5.Daimler-backed Momenta says robotaxis will be fully driverless and profitable by 2024

6.Eduardo Saverin’s B Capital hits final close of US$820M Fund II

7.Multi-cloud service FaunaDB closes $27M Series A, welcomes new leadership

8. Curv Banks On $23M Series A To Accelerate Digital Asset Adoption

9.Online supermarket Jüsto receives $12M Pre-Series A Round to expand internationally

10.Vendia raises $5.1M for its multi-cloud serverless platform

11. AI company Intento raises $3M seed round to scale AI transformations

12.Austin’s Riders share lands $2M Series A


Image Credits: Nikkei Asian Review

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