Overseas:
1. U.S. DOJ will reportedly oppose T-Mobile/Sprint merger despite FCC nod
2. IHS Markit: Cloud gaming earned $387 million in 2018, and could grow to $2.5 billion by 2023
3. Microsoft wants to apply AI ‘to the entire application developer lifecycle’
4. Dressbarn is going out of business, plans to shut all 650 women’s clothing stores
5. Slack expects to raise about $197 million in direct listing
6. Identity platform Auth0 raises $103M, pushing its valuation over $1B
7. Australian unicorn Canva more than doubles valuation with $70m raise
8. Robin picks up $20 million Series B to optimize the office
10. Wagestream closes $51M Series A to plug the payday gap without putting workers in debt
11. French Startup BeeLife Is Aiming To Make Crowdfunding History
China:
1. Xiaomi’s overseas sales offset slowing China growth, Q1 revenue surges 27%
3. Lenovo pledges to continue business with ‘important client’ Huawei
4. TikTok Owner ByteDance Unveils New WeChat Challenger Flipchat 飞聊
5. Meituan expands aggregated ride-hailing service to 15 additional cities
7. Yingzi Technology 影子科技 Unleashes Two New Smart Pig Farming Technologies
Cross-border:
1. Huawei founder says growth ‘may slow, but only slightly’ after U.S. restrictions
2. Ikea invests in Livspace, a one-stop platform for interior design based in India
Emerging Market:
1. S’pore fintech start-up YouTrip receives US$25.5 million in funding for regional expansion
2. Asia-based co-working space Outpost secures US$1.3M seed funding
Image credit: The Passage