CHINA:
1. Mom-and-pop stores beat 11% of Chinese listed companies in profitability
2. Meituan removes Alipay for payments as chairman calls out Alibaba
3. Chinese courier ZTO Express acquires Haier’s smart locker unit at USD 30 million
4. Alibaba’s intelligent search app Quark releases content product ZVideo
5. Hotpot ingredient supplier Guoquan Shihui 锅圈食汇 pockets $60m Series C funding
6. Tencent pours USD 14.2 million in digitization solution provider Shushi in angel round
8. Wealth management TAMP platform 栖盟科技 Qimeng Technology announced to close 7-digit RMB in Pre-A round
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MOBILE-ONLY MARKETS:
2. B Capital-backed Indonesian fintech startup PAYFAZZ says profitability in sight
3. Line’s delivery app in Thailand banks $110m, merges with local food app
4. Oyo founder Ritesh Agarwal to invest up to $5m in startups via new fund
5. India: Sequoia-backed data platform for enterprise Hevo nabs $8m in Series A funding
CROSS-BORDER:
1. China VC investment in Southeast Asia drops substantially in H1
3. Didi-backed Estonian ride-hailer Bolt launches in Thailand
4. TikTok to give creators over $2 billion in the next 3 years as it takes on Instagram and YouTube
5. IBM partners with Japanese business, academia in quantum computing
6. Japan’s giftee invests in AdEasy, an online marketplace for buying offline advertisement space
OVERSEAS:
1. Australia to force Facebook, Google to pay media companies for content
2. Amazon cloud revenue growth slows to 29% in Q2
3. Apple posts blowout third quarter, with sales up 11% despite coronavirus disruptions
4. Facebook reports 11% revenue growth even amid pandemic slowdown
5. Google’s $2.1 billion Fitbit deal faces EU antitrust probe
6. Panasonic aims to boost energy density in Tesla batteries by 20%
7. Micro business platform ZenBusiness Acquires Fintech Startup Joust
9. European software startup Infobip raises over $200 million in Series A funding
10. Self-driving startup Argo AI hits $7.5 billion valuation
11. Buildots raises $16M to bring computer vision to construction management
12. Berlin-based Candis Closes $14M Series B To Expand Automated Accounting Platform For SMBs
13. Magnetis raises $11 million for its automated wealth management and brokerage service for Brazil
14. Amsterdam-based medical messaging app Siilo Seals $10.5M Series A
15. Byrd Swoops In On $5.8M Series A To Help Retailers Capitalize On E-Commerce Boom
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