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Today in News: It’s A Bird! It's A Plane! No, It’s Baidu’s Super Chain! Walmart says Bye Bye to Brazil

WeChat Pay has entered the Russian market partnering with payment system Sendy


Today in News: It’s A Bird! It's A Plane! No, It’s Baidu’s Super Chain! Walmart says Bye Bye to Brazil | BEAMSTART News

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💡 Today in News are bite-sized updates by the BEAM team on the happenings in the business, finance, and technology space around the world (as well as in China). Download the BEAM App📲 to get curated news like these from over 100 sources.


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🌎 Around the World

1. British chipmaker Arm Holdings, a unit of SoftBank, will cede control of its Chinese business to a group of local investors in a $775 million deal.

2. Dataminr, a startup that analyzes public data about events in real time, has raised $221 million

3. Apple WWDC 2018 www.wired.com/story/wwdc-2018-keynote-security-bug-fixes/

4. Facebook gave device makers including Apple, Amazon, BlackBerry, Microsoft and Samsung deep access to data on users and friends

5. Mastercard is looking to integrate its payment tech into Google and Amazon voice assistants

6. Google teams up with the Spanish energy major Repsolto boost oil refinery efficiency

7. Walmart has sold an 80% stake in its Brazilian operations to private equity firm Advent International


🇨🇳 China

1. ZTE signs US agreement in principle to pay US$1.4 billion to lift sanctions and go back into business

2. YY Inc. (Chinese live streaming social media platform) announced that it has further invested US$272 million in the series D preferred shares of Bigo Inc.

3. Tesla reveals plans for a new factory in Shanghai https://www.cnbc.com/2018/06/05/tesla-talks-shanghai-factory-at-shareholder-meeting.html

4. Meituan Aims for September IPO in Hong Kong according to the Information

5. PINTEC has raised US$103 million in financing led by Mandra Capital and SINA Corp.

6. Tigerobo will use new funding totaling over RMB100 million to develop a financial information search engine based on artificial intelligence.

7. Kuaishou 快手 just acquired AcFun

8. Ant Financial acquires 5% stake in software outsourcing services provider Hoperun Software

9. Facial recognition solutions provider Shenxing Technology recently announced the completion of RMB 9-digit Series B funding

10. NetEase launched IP brand 网易聚玩 (NetEase Juwan) and they will partner with Hatsune Miku, Neon Genesis Evangelion and Disneyland.

11. P2P financial platform 草根投资 www.cgtz.com raised 2.3 billion RMB in D round.

12. Lefull 乐乎 ( youth apartments operation service provider) raised over 100 million RMB in B round.


✈ Cross-border

1. WeChat Pay has entered the Russian market partnering with payment system Sendy

2. Amazon is reportedly upping its investment in India by $2 billion


⛓ Blockchain

1. Baidu announces an energy-efficient 'super chain’

2. Ethereum wallet imToken raises $10M Series A from IDG to expand in the US, Asia and Africa


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