Overseas:

  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. 

China:

  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. 

Cross-border:

  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. 

Blockchain:

  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. 

Mobile:

  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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