1. China AR, VR markets forecast 2020-2024 – total spending to exceed US$20B

2. Marketing solution provider Activation Group partners with emerging market-focused investment platform SHIVC to set up $143M industry fund

3. Completes Acquisition of Chinese Electronics Retailer 5STAR to Improve Omnichannel Capabilities

4. ByteDance’s AI Head Wei-Ying Ma Leaves Company for Tsinghua Amid US Crisis

5. Pinduoduo testing wholesale service Duoduo Pifa 多多批发, dialing up Alibaba rivalry

6. Tencent to pick up stake in SH-listed office automation solutions provider Weaver Network for $110m

7. Chinese online design platform Chuangkit 创客贴 raises nearly US$10 million in a series A+ round led by WPS Office


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

Join our upcoming webinar “Digital Transformation Converting Consumer Data into Gold”, where you will learn how to use data to innovate within your organization especially in a post-Covid19 world; Register here



1. Investments in SEA startups double in Q2 despite pandemic

2. India: Reliance Industries Ltd. may acquire Future Group’s retail biz for up to $3.6B

3. India: Tencent-backed digital banking fintech startup Niyo acquires wealth management startup Goalwise

4. India: Food tech unicorn Swiggy to lay off another 350 employees

5. Indian e-commerce firm Flipkart launches 90-minute delivery service

6. Bangalore-based startup Acculi Labs develops mobile app Lyfas for risk assessment of Covid-hit individuals

7. Toppr raises $46 million to scale its online learning platform in India

8. Indonesia’s e-commerce unicorn Bukalapak said to be in talks to raise at least $100m in new funding

9. Indonesia’s Traveloka announces $250m funding round

10. Singapore fintech firm StashAway gears up for expansion after raising $16m

11. Grab looks to charge a platform fee for all rides in Singapore

12. Ex-Honestbee boss gets real estate giant Megaworld’s backing for new app Pickaroo in the Philippines



1. Facebook Wins Temporary Halt to EU Antitrust Data Demands

2. Tesla Plans to Start Hiring in Shanghai for Ramp-up Production of Model Y

3. Ctrip, China’s largest online travel firm, in talks with investors to delist from Nasdaq amid rising tension

4. German online takeaway firm Delivery Hero plans to launch in Japan

5. Indian microfinance startup SATYA MicroCapital raises $9.6m from Swiss impact investor

6. Taipei-based leading news media platform NY VC firm TNL Media closes $8m from Palm Drive Capital

7. Vertex Ventures Leads Series B Round In Chinese Glucose Monitoring Device Developer Infinovo



1. Global 5G network infrastructure revenue to reach $8.1 billion in 2020

2. AI venture deals in Q2 2020 slump to lowest since 2017

3. Nissan forecasts worst-ever operating loss of $6B for 2020

4. AMD posts strong $1.93 billion in revenue for Q2 2020 as it gains on Intel

5. Tech CEOs From Amazon, Apple, Facebook and Google to Testify Before Congress on July 29

6. Google building huge undersea fiber-optic cable to connect the U.S. to Britain and Spain

7. Facebook passes its machine learning framework PyTorch for Windows development to Microsoft

8. Wearable and GPS technology company Garmin confirms cyberattack that knocked company offline

9. Fintech unicorn TransferWise sees valuation climb to $5 billion

10. Withings raises $60 million to bridge the gap between consumer tech and healthcare providers

11. Nanox raises $59M for low-cost, downsized scanning tech to replace X-rays

12. Density raises $51 million to promote social distancing with AI occupancy-tracking sensors

13. ComplyAdvantage nabs $50M for an AI platform and database to detect and stop financial crime

14. Brings In $45M Series C To Track Sales Conversations

15. As remote work booms, Everphone grabs $40M for its ‘device as a service’ offer

16. South Korean travel startup MyRealTrip secures $36m in new funding

17. True Link taps $35M for financial services tailored for elderly, disabled and recovering consumers

18. Explorium reels in $31M Series B as data discovery platform grows

19. ExeVir Bio Secures $27M Series A To See If Llama-derived Antibodies Work On COVID-19

20. ClimaCell raises $23M Series C for its weather intelligence platform

21. Advertima rings up $17.5M for computer vision-powered behavioral analytics for in-store retail


Image Credits: Cnet

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