CHINA:
1. ByteDance investors value TikTok at $50 billion in takeover bid
2. Alibaba B2B platform GMV up 80% in the first half of 2020
3. Didi’s global COO Tony Qiu quits job to join Kuaishou
4. ZTE’s Former Executive Vice President Xuezhong Zeng to Join Xiaomi as Head of Phone Division
5. JD Worldwide saw 50% growth in total female shoppers in H1 2020; sales up 70%
6. Online education company Koolearn Technology 新东方 predicts USD 114 million net losses in 2020
7. Grocery group-buying app Nice Tuan 十荟团 bags USD 80 million in latest round
8. Taiwan-based TNL Media Group raises $8 million to build its publishing and data analytics businesses
9. Qiming Venture leads Series A in Hong Kong-based staking service startup Hashquark
10. Online coding education platform 和码编程 iandcode.com closed 7-digit USD in Series A
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
MOBILE-ONLY MARKETS:
1. Flipkart rolls out hyperlocal-delivery service to compete with Dunzo and Swiggy
2. Toppr raises $46 million to scale its online learning platform in India
3. Singapore-based Qualgro leads USD 8 million Series A in Indian SaaS company Hevo
CROSS-BORDER:
1. China now accounts for nearly one-quarter of Tesla revenue
3. Qualcomm soars after striking patent deal with Huawei
4. China’s Tencent is now bigger than Facebook after adding around $200 billion to its value this year
OVERSEAS:
1. Arizona leads multi-state probe into older iPhones slowing, shutting down
2. Walmart launches its own voice assistant, ‘Ask Sam,’ initially for employee use
3. Samsung operating profit up 24% on rising chip demand
4. TransferWise confirms new $5B valuation following $319M secondary share sale
5. European software startup Infobip raises over $200 million in Series A funding
6. Humana invests $100 million in telehealth start-up Heal
7. BlackRock Leads Patient-centered Health Intelligence Company Sema4’s $121M Series C
8. Fintech Startup Remitly Raises $85M at $1.5B Valuation
9. Medical device startup Eargo lands $71M to help with hearing loss
10. Home fitness system Tempo raised $60M Series B
11. Instrumental raises $20M to scale its AI-powered manufacturing tech
12. Vendor security management platform Whistic raises $12M Series A to automate security reviews
13. KloudGin Lands $8M Series A To Connect Field Workers, Assets
14. Israeli meat alternative startup SavorEat raises USD 3 million
Image Credits: TechNode