1. China's mobile internet users reached 1.14 billion in June 2019; apps of Baidu, Alibaba, Tencent, ByteDance account for 70% of total time spent

2. Tencent aims to challenge Douyin 抖音 with $1.5 billion investment in Kuaishou 快手

3. JD.com 京东 debuts first luxury goods service center

4. In another attention-grabbing campaign Pinduoduo 拼多多 now matches couples on its app

BEAM helps early stage companies in fund raising in Malaysia.

5. Youshupai 有数派, textile industry information service provider, completed a 6-digit US$ Pre-A funding round

6. Singapore fintech startup Helicap acquires securities firm Arcor Capital

7. DocDoc, Singaporean health tech startup, completes US$13M funding round, plans to further develop platform

8. Indian co-working startup Awfis snags $30m led by ChrysCapital, joined by Sequoia

9. Cybereason, US cybersecurity startup, raises US$200M led by SoftBank

10. In-App Coupon Company Ibotta Raises Series D, Becomes Only Tech Unicorn In Colorado

11. Tencent in talks to buy stake in Universal Music, label behind Lady Gaga, Ariana Grande, Bruce Springsteen

12. 7. Alipay 支付宝 to launch online marriage certificate for already married couples

This article is contributed by partners Chinaccelerator.