CHINA:
1 Huawei posts revenue growth in H1 despite sanctions and pandemic
2. Luckin Coffee Inc. appoints Guo Jinyi, a board director and former acting CEO, as chairman
3. Alibaba co-founder Jack Ma sells shares worth $9.6b, stake dips to 4.8%
4. HK, Nasdaq-listed Chinese biotech firm BeiGene to raise $2.08b in share sale
6. Chinese Cancer Screening Biotech New Horizon Health Completes $30M Financing from Foreign Backers
7. Chinese Underwater Robots Maker Deepinfar Completes $17M Series B+ Round
8. Sequoia Leads $14M Series B Round In Chinese Medical Device Developer AccuMedical
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MOBILE-ONLY MARKETS:
1. India: Mystifly raises $3.3m in pre-Series B round led by Japan’s Recruit Holdings
2 India: VC firm HealthQuad makes first close at $68.5m for second fund
3 India: IncNut Digital raises $4m in Series A funding led by RPSG Ventures
CROSS-BORDER:
1. Carlyle, SK’s Shinhan Group unit said to launch joint $600m infra fund
2. IFC approves $60m commitment to Vietnam’s Mekong Capital’s latest PE fund
3 Britain set to ban Huawei from 5G, though timescale unclear
4 US threatens to restrict WeChat following TikTok backlash
5. Microsoft spins off ‘virtual teenager’ chatbot for Chinese users
6 Google commits to invest $10b in India through equity deals, tie-ups
OVERSEAS:
1. Nippon Life to allocate $280m for impact investments, back TPG fund
3. Skype co-founder, angel investor Toivo Annus passes away at 48
4 American e-commerce company BigCommerce files to go public
5. HP Enterprise to buy Silver Peak for US$925 million
6 Apple to spend $400 million this year to fight California’s housing crisis
7 Google signs up Verizon for its AI-powered contact center services
9. Salesforce chief scientist Richard Socher leaves to start his own company
10. Cellnex eyes stake in $11b CK Hutchison’s European tower business
11 Stock trading app Robinhood now worth US$8.6 billion after latest funding round
12 Japanese wireless carrier KDDI connects Japan farms and factories to 5G for under $10
13. SiriusXM To Acquire Stitcher Podcast Unit For Up To $325M
14. Robotic process automation software startup UiPath lands $225 million in Series E round
15 Drone-maker Skydio Secures $100M Series C To Grow In New Markets
16. Paige, the computational pathology startup targeting cancer, closes a Series B at $70M
17 Grief Wellness Startup Eterneva Adds $3M To Seed Round
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