Overseas:
2. Italy’s biggest phone company, TIM, to extend 5G services to six more Italian cities by year-end
3. Tier IV raises over $100 million to develop open source software for driverless cars
4. Mozilla readies launch of news subscription service
5. Amazon’s Deliveroo Investment Is Halted for U.K. Scrutiny
6. Privacy-first browsers look to take the shine off Google’s Chrome
7. Shared office space manager WeWork said to raise up to $4b in debt ahead of IPO
8. Spurred by Amazon, Supermarkets Try Swapping Cashiers for Cameras
China:
1. China’s VC boom shows signs of a downturn as deal value drops 77% in Q2
4. Xiaomi’s 小米 Founder, 雷军, becoming KOL on Xiaohongshu 小红书, while promoting new smartphone series
5. Ant Financial 蚂蚁金服 to serve small enterprises, with a maximum loan value not exceeding 1M RMB
6. Missfresh, a grocery delivery startup, seeks to raise $500M
Cross-Border:
1. Samsung, stung by the US-China trade warm expects a big plunge in profits
3. Softbank to take a $22.5 billion stake in GM’s autopilot R&D unit.
Emerging Market:
1. Southeast Asia’s e-commerce infrastructure continues to mature
2. Waresix hauls in $14.5M from EV Growth to advance its push to digitalize logistics in Indonesia
3. RedDoorz, a budget hotel startup, considered to become major player in Southeast Asia’s
6. IndiaMART, a B2B e-commerce platform, to become first firm of its kind to go public in India
7. Philipines’s Saphron, an insurtech startup, to receive an investment by microfinance firm CARD MRI
Image credits: Bloomberg