Xiaomi’s revenue reached 51.951 billion RMB in 2019 Q2; net profit reached 3.635 billion RMB

Vulcan Capital, owned by late Microsoft co-founder, lands in Singapore with US$100M


Wallace Ho21 Aug, 2019

Xiaomi’s revenue reached 51.951 billion RMB in 2019 Q2; net profit reached 3.635 billion RMB

Latest news digest on business and technology in China and across the world (21st Aug):

1. Nanning 南宁市, capital of Guangxi Province in Southern China, established an angel investment fund with a total size of 200M RMB

2. Xiaomi's 小米 revenue reached 51.951 billion RMB in 2019 Q2; net profit reached 3.635 billion RMB

3. Bytedance denied developing new e-commerce app

Igloohome to host Inaugural Singapore Smart Cities Summit this August 30th.

4. meican.com 美餐, B2B catering platform, completed 8-digit RMB in strategic funding

5. zhizuchuxing 智租出行, B2B delivery service provider based on AI and big data, received 8-digit RMB in Series A funding round

6. Vulcan Capital, owned by late Microsoft co-founder, lands in Singapore with US$100M

7. LA-based gaming company, Scopely, expands in Spain and Ireland

8. Singaporean real-estate platform 99.co completes US$15.2M Series B funding round

9. Singapore's vegan food review platform Abillionveg banks $2m in seed round led by 500 Startups

10. VC fund Cleo Capital Raises $3.5 Million to boost women decision makers in VC

11. On-demand delivery service company DoorDash acquires autonomous driving startup Scotty Labs

12. Open-source software H2O.ai secures $72.5M Series D to empower businesses to take on 'Big Tech’

This article is contributed by partners Chinaccelerator.

Wallace HoAuthor

COO @ BEAMSTART

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