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News until Dec 15, 2020

Digitalization Solutions Firm DEEPEXI Secures $40 Million

Digitalization Solutions Firm DEEPEXI Secures $40 Million – China Money Network - China Money Network

CHINAMONEYNETWORK.COMDec 15, 2020

Reddit to Buy TikTok Rival Dubsmash in New Video Push

Reddit, the 15-year-old online news aggregator and discussion forum, has agreed to buy lip-synching video app Dubsmash, one of the few remaining startups to rival TikTok, according to two people with direct knowledge of the deal. The acquisition, originally set to be announced on Monday, marks ...

THEINFORMATION.COMDec 14, 2020

Nas Academy forms new partnership with Grab to groom 100 aspiring content creators.

Selected participants will undergo a 4-week course by Nas Academy, and will be part of the Grab for Good Fellows alumni.

Carl AdrianDec 14, 2020

UOB's second Asia impact fund hits first close at US$60M | e27

The fund will invest US$1-15M into high-growth companies working to improve the livelihoods of underserved communities in SEA and China

E27.CODec 14, 2020

US gaming platform Roblox to delay IPO until next year

The firm had filed to raise $1 billion through an IPO on the New York Stock Exchange and was expected to join a year-end IPO wave.

DEALSTREETASIA.COMDec 14, 2020

Appboxo gets $1.1 million seed to build a mini-app ecosystem for all developers – TechCrunch

Pioneered by WeChat almost four years ago, mini-apps are now common in China and India, and gaining traction in other markets, too. Mini-apps, or lightweight apps designed for integration into host apps, allow smartphone users to access several services through one app, saving them data and storage space. They also give host apps more ways […]

TECHCRUNCH.COMDec 14, 2020

China fines Alibaba, Tencent’s e-book subsidiary over anti-trust violations – TechCrunch

The Chinese government is moving to curb the power of some of China’s most influential internet companies. The country’s top market regulator announced Monday that it is fining Alibaba and China Literature, Tencent’s e-book spinoff, for failing to report their past acquisition deals for clearance. The cases involve Alibaba’s equity investments in major Chinese mall […]

TECHCRUNCH.COMDec 14, 2020

Hartalega confirms 35 employees test positive for Covid-19

KUALA LUMPUR: Hartalega Holdings Bhd has confirmed that 35 of its employees tested positive for COVID-19, 20 of them are at the Bestari Jaya operations and 15 at the Next Generation Integrated Glove Manufacturing Complex (NGC) in Sepang.

THESTAR.COM.MYDec 14, 2020

Apple to Remove Remaining Unlicensed iOS Games from Chinese Market by Jan. 1 - Pandaily

On Dec. 2, Apple sent an email to the remaining developers who own unlicensed games on App Store China

PANDAILY.COMDec 14, 2020

Alibaba's logistics arm Cainiao launches $76.5m global open tender for partnerships

The move signals Cainiao's latest bid to build out a global logistics infrastructure, since Alibaba increased its stake to 63% in November.

DEALSTREETASIA.COMDec 14, 2020

Chinese Electric Carmaker XPeng Raises $2.16 billion in Upsized Share Sale - Pandaily

Chinese Electric Carmaker XPeng raised $2.16 billion in an upsized follow-on offering, the company announced in a statement on Wednesday.

PANDAILY.COMDec 14, 2020

Malaysian government selects 8 VC firms as part of the PENJANA programme

The PENJANA programme by the Malaysian government will match up to RM600 million on a 1:1 basis with the VC funds, with an initial target of RM1.2 billion.

Alfred LeeDec 14, 2020

Ashmore Indonesia buys 20% stake in Bukalapak's mutual fund unit for $3.5m

Ashmore will gain access to Bukalapak’s growing digital consumer base of over 100 million registered users across Indonesia. 

DEALSTREETASIA.COMDec 14, 2020

Airbnb soars to near $100bn valuation as shares more than double in IPO

Shares initially priced at $68 start trading on the Nasdaq at more than $150, amid fierce bidding

THEGUARDIAN.COMDec 14, 2020

Chinese toymaker outguns makers of Transformers, Hello Kitty after hot IPO

Beijing-based Pop Mart has become more valuable than US makers of Transformers and Barbie dolls or Japanese maker of Hello Kitty, after its sizzling stock debut in Hong Kong.

SCMP.COMDec 14, 2020

Investors double down on tech stocks in massive DoorDash, Airbnb, C3.ai IPOs – TechCrunch

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here. Maybe it is a stock market bubble, or a tech-stock bubble at least. And maybe DoorDash, Airbnb and C3.ai and their bankers should have priced higher regardless to take advantage of all […]

TECHCRUNCH.COMDec 14, 2020

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