CHINA:
1. China Tech Headed for Record Year for IPOs Despite Pandemic
2. Market share of Chinese phones fall 9% in June quarter on anti-China sentiment
3. AI Specialist Kneron Launches World’s First Edge AI Platform KNEO
4. Leading Chinese electric vehicle maker NIO patented technology for wireless charging system
5. Chinese clinical research firm Tigermed seeks over $1b in HK listing
6. China’s group buying platform Xingsheng 兴盛优选 Selected nears $800m deal
7. Warburg leads $171m funding in Chinese anti-tumour drug maker HaiHe Biopharma
8. SZ-listed industrial robot developer Nanjing Estun Automation Company Limited 埃斯顿自动化 raises $143M
9. Biopharma firm Thousand Oaks raises $64m led by CICC fund, Goldstone
10. Chinese Diet Food Brand Wholly Moly! Gets $10M In Series A Round
11. Zhen Fund Joins Angel Round In Chinese Radar Sensing Firm Qinglei Technology 清雷科技
Check out our latest podcast about “China’s Changing Regulations on Gaming, with Greg Pilarowski, Legal Expert & Founder of Pillar Legal” here
Check out our latest blog post about “Founders Explain How They Succeeded with Their MVPs” here
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MOBILE-ONLY MARKETS:
1. Indonesian fashion e-commerce startup Sorabel to shutter operations
2. Thai e-commerce enabler aCommerce eyes over $200m in 2021 IPO
3. Smartphone shipments in India drop 51% y-o-y in June quarter
4. Entri raises $3.1M to build a vernacular language ‘Udemy for India’
CROSS-BORDER:
1. France to phase out Huawei gear from its 5G networks
2. Intel falls behind Asian rival TSMC in chip race
3. TikTok lures Google and Facebook employees to fuel aggressive expansion plans
4. Credit Suisse faces $416m lawsuit in Singapore over rogue trader
5. IFC mulls another $30m loan to Indian low-cost vaccine maker Biological E
OVERSEAS:
1. SAP will spin out its $8B spin-in Qualtrics acquisition
2. Rivian to begin deliveries of electric pickup truck in June 2021
3. Lift maker Schindler cutting 2,000 jobs over two years
4. Dyson shedding 900 jobs globally as virus hits consumer demand
5. Fintech startup Revolut extends Series D round to $580 million with $80 million in new funding
6. Korean AI education solutions startup Riiid secured $41.8 million pre-Series D
8. Vive Organic Raises $13M For Wellness Juice Shots
9. Naver-backed Korean AI startup MakinaRocks raises $10m for global push
10. SaaS startup Swoop raises $3.2M to modernize mom-and-pop transportation companies
Image Credits: Reuters