Overseas:
1. Trump, Federal Communications Commission (FCC) unveil plan to accelerate 5G rollout
2. Apple and Qualcomm’s Global Fight Heads to Court in San Diego
5. Publicis announces $4.4 billion deal to acquire data marketing company Epsilon
6. Password manager Dashlane closes on $30M, adds former Spotify CMO to board
7. LumApps raises $24M Series B for its ‘social intranet’
China:
1. Chinese regulators shut down 33,600 apps, target gaming and education
2. Huawei is ‘open’ to selling 5G chips to Apple for iPhones, marking a big shift in strategy
3. Facial recognition comes to express delivery in Chinese cities, announced by Cainiao Network 菜鸟网络
4. Automotive company ENOVATE 天际汽车 completed more than $2 billion worth of fundraising
5. Troubled P2P lender Dianrong 点融 looks to raise $100 million
6. Kunlun 昆仑, backer of Musical.ly, Grindr and Opera to invest $50M in self-driving startup Pony.ai
7. Vehicle driver system provider Anzhi Auto 安智汽车 completed tens of millions of A+ round financing
8. Pet health management platform Tips 小贴士 received millions of dollars in financing
10. Alibaba-backed used goods platform Idle Fish 闲鱼 investing in creating quality content
Cross-border:
1. US scooter-sharing service Lime picks Singapore as regional HQ
2. Naspers-owned payments company PayU doubles down on India with $70M deal to buy Wibmo
3. Insurtech NTUC Income joins hand with Chinese insurer ZhongAn 众安保险 for Singapore scaleup
Mobile:
1. China’s smartphone shipments down 4.1% in March to 26.94 million units
Emerging Market:
1. Mastercard, Kuok Ventures, SGInnovate invest in AI startup AIDA Technologies
2. Malaysian fintech startup MoneyMatch closes pre-series A round
3. Fore Coffee raises an additional US$1M, aims hyper-expansion in Indonesia
Cover picture credits to ChinaDaily.