1. SaaS Capital targets $75M for third fund for software service businesses primarily in healthcare, enterprise, and education. 
  2. Telehealth startup American Well raises $290M to bring virtual doctors to patients’ homes. 
  3. Amazon Prime day will take place on July 16th, lasting 36 hours and offering over 1M deals for Prime members. 


  1. Chinese government tightens regulations over third-party payment apps.
  2. Xiaomi lowers IPO share price. 
  3. China Vanke, Tencent, and Alibaba lead media and entertainment company CMC’s $1.5B Series A.
  4. Jinlong Auto will cooperate with Baidu and Softbank Shareholding to supply unmanned electric vehicles to Japan. 
  5. Ant Financial near deal to invest $100M in financial information provider Xueqiu. 


  1. Douyin (Tik Tok) blocked in Indonesia for its negative videos deemed as a bad influence on the youth. 
  2. Australia-based Airwallex, startup that provides cross-border transactions, raises $80M Series B led by Sequoia China and Tencent. 
  3. Finty, Singapore-based financial comparison platform, has been acquired by Australian firm Credit Card Compare for a 7 figure amount. 
  4. U.S. temporarily allows ZTE to resume some business operations. 


  1. Regulators to investigate personal data handling by crypto exchanges in South Korea; eight crypto firms have already been found to be in violation of the law. 


  1. iOS 12 code hints at iPad with Face ID. 

Emerging Market:

  1. ShareBikeSG becomes the third bikesharing start-up to shut down in Singapore after the country’s stricter regulations. 
  2. Homage, elderly caregiving platform, secures $4.1M Series A led by Golden Gate Ventures and HealthXCapital. 
  3. Grab launches personal shopping service in beta in The Philippines. 
  4. Malaysian conglomerate Sunway Group teams up with co-founders of KK Fund to set up Sun SEA Capital, a fresh $50M venture capital fund aimed at SEA startups. 

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