Overseas:

1. Yahoo spin-out Altaba is selling its entire Alibaba stake and closing down

2. Google Drive adds workflow integrations with DocuSign, K2 and Nintex

3. WeWork acquires an office management platform Managed by Q

4. Femtech is on pace to secure nearly $1 billion in investment by year-end

5. Fintech Unicorns Affirm, Bill.com Collect Big Rounds of FundRaising

6. Onfido, which verifies IDs using AI, nabs $50M from SoftBank, Salesforce, Microsoft and more

7. Management software provider Okta unveils $50M in-house venture capital fund for security and privacy startups

8. Enterprise software app Rippling raises $45m at $270m to be the business app identity layer

9. Red Points closes $38M Series C for its ‘antivirus’ SaaS for brands

10. Run.AI raises $13M for its distributed machine learning platform

11. Leadership coaching platform Torch takes $10M to teach empathy to executives

 

China:

1. IFPI Global Music Report: Global recorded music revenue increased by 9.7%

2. Xiaomi forms chipmaking company to advance artificial intelligence of things (aIoT) strategy

3. Alipay expands facial recognition payment to Hong Kong

4. Tencent invests in e-commerce platform Youzan 有赞 to boost enterprise business

5. Bytedance officially launches productivity tool Lark

6. Hellobike 哈罗单车 Trying to Raise $500 Million

7. Ruhnn 如涵, a Chinese startup that makes influencers, raises $125M in U.S. IPO

8. Luckin Coffee 瑞幸咖啡 offers $6.7 million in assets as lease collateral, signaling money woes

9. Shenzhen Yuntui Technology 云推科技 received 3.5 million yuan in seed financing

 

Cross Border:

1. Japanese VC firm Incubate Fund to launch $27m fund for Indian startups

 

Blockchain:

1. Cryptocurrency platform Liquid.com closes the first part of Series C funding, seals unicorn status

2. Enterprise blockchain startup Offchain Labs scores $3.7M seed round 

3. Crypto exchange Liquid says it is now valued at over $1 billion following new investment

 

Emerging Market:

1. Uber may have left Southeast Asia but its APAC HQ remains in Singapore

2. 3 Vietnamese platforms Sendo, Tiki, and Thegioididong are among most visited ecommerce sites in SE Asia

3. Singapore’s Forum Capital to launch pre-series A vehicle for fintech startups in Southeast Asia

 

Cover picture credits to alltechasia.

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