East Asia
🇨🇳 Mainland China
- Sequoia China leads nearly $100 million series C round of financing for storytelling app Kuaidian →
- Huawei reports a 13.1% YoY revenue growth in the first half of 2020 despite political setbacks →
- WeChat joins TikTok in facing a potential US ban →
- Warren Buffet-backed BYD becomes China’s highest-valued electric car company →
- Microsoft to drop its voice assistant Cortana for 5-year-old Chinese chatbot Xiaoice →
Hong Kong
- Animoca Brands, an entertainment company specialising in blockchain and gaming, raises $4.1 million ahead of its proposed IPO →
🇯🇵 Japan
- Advertising and public relations company Hakuhodo releases a non-contact touch panel to help people avoid touching surfaces during the pandemic →
- The Fukuoka SoftBank Hawks and the Tohoku Rakuten Eagles play to a crowd of robots →
Southeast Asia
🇮🇩 Indonesia
- Payment processor Payfazz raises $53 million in series B funding →
- Used cars online marketplace TiinTiin.id raises $2.5 million in seed funding →
- Alibaba Cloud plans to open its third data centre in Indonesia early next year →
🇲🇾 Malaysia
- Malaysian tech stocks hit a 16-year high →
🇸🇬 Singapore
- Fashion tech platform Zilingo cuts 12% of staff as online fashion shopping plummets →
🇵🇭 Philippines
- Cisco launches 0% interest loans to cutting-edge tech in the Philippines → and Google launches a tech startup accelerator program in the country →
South Asia
🇮🇳 India
- Google to invest $10 billion in India over the next five to seven years to accelerate the adoption of digital services →
- Qualcomm to invest $97 million in Jio Platforms for a 0.15% equity stake, bringing Jio Platform’s investments to $15.7 million over the past 12 weeks from as many investors →
- Flipkart, which competes with Amazon in India, invests $35 million in Arvind Fashions to consolidate its lead in fashion e-commerce in the country →
- Food delivery startup Zomato projects monthly cash burn of less than $1 million – a glint of hope for food delivery services which find it hard to turn a profit →
