1. Tourism transactions on WeChat grew by 43% during Dragon Boat Festival holiday

2.  Beijing wants to use blockchain for city-wide governance

3. SAIC to Purchase $254M Shares From Luckin Chairman Lu’s Car Rental Company Car Inc.

4. Luckin Coffee confirms $300m in fabricated revenue

5. JD Digits,’s fintech arm prepares for IPO in Shanghai’s Star Market

6. Lao Gan Ma 老干妈 imposters see spicy justice after embroiling company in Tencent lawsuit

7. Robotruck firm Tusimple looks to raise $250 million

8. Invisible orthodontics brand WeSmile 微适美 raised 10million RMB, led by Shunwei Capital.


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1. Zetwerk, an Indian B2B marketplace for manufacturing items, raises $21 million

2. Singapore-based Clime Capital targets US$2.5B in clean energy investment for SEA

3. Singapore’s Transcelestial raises US$9.6M Series A to ‘deliver a step-change in internet connectivity globally’



1. Intel to invest $253 million in Reliance’s digital unit

2. Sony weighs bid for Hong Kong-listed gaming firm Leyou 乐游, paving way for intensified bidding war

3. Apple freezes updates for unlicensed games in China

4. Talent investor People Equity Fund raises USD 12.5 million for founders in Morocco, Algeria, Pakistan, and Bangladesh



1. Growth capital investor Kennet raises $250M fund, backed by Edmond de Rothschild

2. Facebook is shutting down TikTok clone Lasso and Pinterest rival Hobbi

3. Apple to reclose 30 more retail stores as coronavirus cases spike

4. Lithuania dabbles in crypto-coin as central banks look for ways to fend off Facebook

5. Benefits Platform Accolade Raises $220M In IPO

6. Israeli startup Curv raises USD 23 million to secure digital assets for financial institutions

7. Estonian Identity Verification Platform Veriff Raises $15.5M To Expand Internationally

8. QuestDB nabs $2.3M seed to build open source time series database

9. OurPeople, the team communication and engagement platform, raises $2M


Image Credits: Tech in Asia

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