Overseas:
2. Google Made $4.7 Billion From the News Industry in 2018, Study Says
3. FedEx will no longer provide express shipping for Amazon in the US
4. Microsoft’s Project xCloud preview launches in October
5. Microsoft acquires Psychonauts-maker Double Fine Productions
6. Apple to Buy Drive.ai in Bid for More Autonomous Vehicle Talent
7. Walmart to launch in-home grocery delivery in three cities, starting this fall
8. Depop, a social app targeting millennial and Gen Z shoppers, bags $62M, passes 13M users
9. Fintech platform Synapse raises $33M to build ‘the AWS of banking’
10. Swiftly raises $10 million Series A to power real-time transit data in your city
11. Voatz has raised $7 million in Series A funding for its mobile voting technology
12. Walmart’s JetBlack personal shopping service customers are spending $1,500 per month
China:
1. China says its May trade surplus was $41.65 billion, significantly more than expected
2. China Plans to Create a Technology Security Management System
3. Warburg Pincus LLC said to near close of $4.25b China-Southeast Asia fund
4. Ele.me 饿了么 joins Meituan 美团 in Expanding Delivery Services Beyond Takeout Food
5. Chinese sports news platform Hupu 虎扑 gets $182m from Bytedance
8. Use of mobile payment services skyrockets as consumers opt for convenience
9. AI-enabled tuition ushers in the ‘intelligent age’
Cross-border:
– Twitter to lead $100m funding round in India’s social networking app ShareChat
Emerging Market:
1. Thai government to endorse e-sports a new industry focus
3. Ecommerce platform Shopee takes on Lazada with own livestreaming feature
5. Indian storytelling app Pratilipi raises $15m series B funding
6. Singapore wine subscription startup The French Cellar closes, customers lose “thousand of dollars”
Image credit: Sina