Weekend News Digest: Facebook launches dating feature in the US; Alibaba leads the world with 322 blockchain patents;

Grab plans USD 150 million AI research to speed up regional growth; Singapore health tech startup CXA Group seeks to raise US$50m


Kenneth Ho 7 Sep, 2019

Weekend News Digest: Facebook launches dating feature in the US; Alibaba leads the world with 322 blockchain patents;

Latest news digest on business and technology both globally, in China, and in emerging markets (7th Sept):

OVERSEAS:

1. Facebook launches dating service in United States

2. Used car marketplace Getaround is raising US$200M at a US$1.5B+ valuation

3. Canadian Terramera raises US$45 million for its technology to reduce the use of chemicals in agriculture

4. Cooks Venture picks up US$12 million to rethink agriculture from the ground up

5. Spirable refuels with US$7.4M to serve more personalized video ads in the US

6. RippleMatch nabs US$6M for a diversity-focused graduate recruitment platform powered by AI

7. Upflow, social media management software, grabs US$2.7 million to streamline payment processes

8. Blockchain startup Dapp.com raises US$1 million for decentralized app distribution

CHINA:

1. Alibaba leads the world with 322 blockchain patents

2. Damai 大麦网, comprehensive live entertainment ticket marketing platform, registered 84% YoY increase in Monthly active users

3. Chinese AI giant SenseTime 商汤 sees valuation surge above US$7.5 billion

4. Chinese online insurance platform Huize 慧择保险网 files for US IPO

5. Xiaoshouyi 销售易, CRM sales management tool, received US$120M in Series E from Tencent

6. Icecredit 冰鉴科技, AI-based risk management product and service provider for credit evaluation, completed 335M RMB in Pre-C Series

7. Online Star Dream Works 网星梦工厂, influencer e-commerce and integrated marketing company, received 7-digit RMB in Series A+

CROSS-BORDER:

1. Boston-based AEW Capital to raise over US$1b for fourth value-added fund for Asia

2. Abu Dhabi state-fund Mubadala may invest in SoftBank Vision Fund 2 in Q4

3. Dutch development bank FMO proposes to invest US$10m in Myanmar conglomerate Yoma Strategic Holdings

4. Alibaba plans to launch e-commerce business in India through UCWeb

EMERGING MARKET:

1. Grab plans USD 150 million AI research to speed up regional growth

2. Singapore health tech startup CXA Group seeks to raise US$50m

3. Singaporean security firm raises US$30m in funding

4. 8-month-old Indian startup FPL Technologies raises US$4.5M to improve credit card experience in India

5. Thai lender Siam Commercial Bank partners with e-commerce and game developer Sea Group to expand digital lending

Kenneth HoAuthor

Founder & CEO of BEAMSTART

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