1. SoftBank considers largest ever IPO for domestic wireless business

2. Snapchat’s daily active users number shrank 1.5 percent to 188 million in Q2

3. Slack is raising $400M+ with a post-money valuation of $7B or more

4. Snapchat gets $250M investment from Saudi prince for 2.3%

5. Social Media Marketing Platform Popular Pays Picks Up $5.5M Series B



1. Alipay and Taobao partnered to launch a new group buying function, which can be found on Alipay main page.

2. Alibaba merging China food delivery units to counter Tencent-backed Meituan

3. The People’s Bank of China has slapped penalties on four payment service platforms (e.g. alipay) for breaching service regulations

4. Tencent Leads RMB 340 Mln Investment in Deep Learning Chip Maker Enflame 燧原科技

5. Beijing Bytedance Technology Seeks to Raise $3 Billion Privately

6. WeChat Public Account Service Provider Weimob 微盟 Files for Hong Kong IPO

7. P2P platform Dianrong 点融 raised 40million dollars recently

8. HK-based travel booking platform Klook raises US$200M in Series D funding

9. Mobile Secure Payment Solutions Provider Yangfan Weiye 扬帆伟业 Wins RMB 8-digit Pre-A Funding

10. Online Psychological Consultation Platform Yidianling 壹点灵 Obtains RMB 8-digit Series A+

11. China’s 2017 Online Local Travel Market Reaches RMB 22 Bln



1. Huawei Denies Rumor of Planned Withdrawal form U.S. Market

2. SoftBank Is Said to Lead $3 Billion-Plus Round in Alibaba Ele.me

3. Indian ride-hailing firm Ola to launch in Britain as Uber rivalry heats up

4. Singapore’s AnyMind Group acquires Hong Kong-based Acqua Media a Hong Kong-based publisher trading desk


Emerging Market:

1. Vertex Ventures Southeast Asia and India leads US$4M funding in Hansel.io


Cover Picture Credit From psafe.com

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