Overseas:
1. True Ventures aims to raise $650M across two new venture funds.
4. Cohesity, cloud storage business, raises $250M in Series D led by SoftBank Vision Fund.
5. WeWork talks with SoftBank to double valuation to as much as $40B.
China:
1. WeChat Pay allows marketing service providers to place feed ads for merchants.
2. Fabu Technology, autonomous cargo vehicle maker, wins investment from Sinovation Ventures.
3. Distrii, co-working space operator, completes RMB 150M Series A+.
5. Baidu launces low-cost “Xiaodu” smart speaker.
6. WeChat tests family member virtual credit card payment function.
8. Alibaba collaborates with Yuan Longping, China’s “father of hybrid rice”, on rural Taobao.
Cross-border:
1. Grab, Singapore-based ridesharing company, raises $10B from Toyota.