CHINA:
1. Tencent Offers to Take Sogou Private, Sogou Shares Rise 43.5%
2. Probiotics supplements manufacturer Beijing Scitop Bio-Tech Co., Ltd raises $70m in ChiNext IPO
3. Chinese Hyper-Converged Infrastructure Developer SmartX Raises $28M
4. Hong Kong-based fintech firm EMQ secures $20m in Series B round
5. Hillhouse Capital Leads Series C Round In Chinese Medical Device Developer Brosmed
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. Arbor Ventures expects portfolio exits in 2-3 markets in next 12 months
2. SG-based digital wealth management startup StashAway raises US$16M Series C led by Square Peg
3. India: Twitter-backed social media startup ShareChat nabs up to $40m from investors
4. Indian IT giant Infosys co-founder Shibulal, family offload 8.5m company shares
5. India: Softbank-backed e-grocery startup Grofers to launch IPO next year
6. India bans additional 47 apps cloning restricted Chinese services
CROSS-BORDER:
1. Tencent’s Wechat halts service for Indian users
2. Tencent-backed Real Estate Service Platform Operator Ke Holdings Targets $1B US Listing on July 24
3. Indian court summons Jack Ma, Alibaba in worker lawsuit
4. Huawei cuts India revenue target by up to 50%, retrenching staff
5. AstraZeneca Strikes $6 Billion Cancer Drug Deal with Japan’s Daiichi Sankyo Co.
6. SoftBank-backed Fortress Investment’s second SPAC seeks $300m in US IPO
7. Credit Suisse invested $100m in Ant Group, lining up windfall
8. HK-based Steadview Capital invests $85m in Sequoia-backed Indian SaaS unicorn Freshworks
10. Beijing-based Sherpa Healthcare Partners closes maiden USD fund
OVERSEAS:
1. Cloudflare launches Workers Unbound, the next evolution of its serverless platform
2. Google extends its coronavirus work-from-home order to summer 2021
3. Intel engineering leader Murthy Renduchintala will leave as the company mulls manufacturing shift
4. Tinder Hires Ex-CBS Interactive Boss Jim Lanzone as CEO
5. Walgreens Says Stefano Pessina to Step Down as CEO, Become Chairman
7. Biodesign startup Geltor Lands $91.3M Series B
8. Flat.mx Raises $25M Debt Financing To Modernize Buying Homes In Mexico
9. Cargo.one gets $18.6M to take its air freight booking platform over the pond
10. Construction tech startup OpenSpace Lands $16M Series B
11. Tandem snags $5.7M for its language buddy app amid COVID-19’s e-learning boom
12. Tire Agent, the startup looking to bring the tire industry into the 21st century, raises $5 million
13. WhizAI Raises $4M To Advance Business Intelligence Software For Life Sciences
14. Pyn Brings In $2M For Employee Messaging Tool
Image Credits: SCMP