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News until Apr 20, 2021

Used electronics trading platform Aihuishou eyes up to $1b in US IPO

Aihuishou has hired Bank of America and Goldman Sachs to work on the IPO and plans to file around mid-May.

DEALSTREETASIA.COMApr 19, 2021

ByteDance targets a 42% increase in ad revenues; expects 3x growth in e-commerce this 2021

Internet giant ByteDance prepares for a major initial public offering.

Faith BaltazarApr 19, 2021

China Tech Digest: ByteDance Won Global Video Codecs Comparison Event; Digital RMB Tested In Hong Kong

China Tech Digest: ByteDance Won Global Video Codecs Comparison Event; Digital RMB Tested In Hong Kong – China Money Network - China Money Network

CHINAMONEYNETWORK.COMApr 18, 2021

Foreign direct investment into China surges nearly 40 per cent in first quarter

A total of 10,263 new foreign-invested companies were established in China from January to March, and the FDI growth rate far surpassed the rate seen during the same period in 2019, before the coronavirus.

SCMP.COMApr 18, 2021

EU to consider ban on using A.I. for mass surveillance and social credit scores

Using AI software for mass surveillance and ranking social behavior could soon be outlawed in Europe, according to draft legislation shared online.

CNBC.COMApr 16, 2021

Japanese VC Samurai Incubate closes $18.6M fund for African startups – TechCrunch

Samurai Incubate, a Tokyo-based venture capital firm, announced today it has closed its “Samurai Africa 2nd General Partnership” fund, totalling 2.026 billion yen (~$18.6 million). According to the firm, the fund was oversubscribed as it targeted 2 billion (~$18.4 million) and a total of 54 investors joined as LPs. One notable LP is the Toyota […]

TECHCRUNCH.COMApr 16, 2021

BillEase Filipino BNPL startup company to integrate card-free instalments; partners with 2C2P

BillEase wants to expand its services with the help of 2C2P.

Faith BaltazarApr 15, 2021

Coinbase worth over $86 billion after going public, sends Bitcoin prices up

A large part of Coinbase's revenues were attributed to fees from rising cryptocurrency prices.

Alfred LeeApr 15, 2021

Pine Labs has just bought Fave for $45 million

Fave currently operates in 35 cities across Malaysia, Singapore, and Indonesia

Carl AdrianApr 13, 2021

SOSV to host Cross-Border job fair with 50+ job positions in technology startup companies

SOSV's 2021 Spring Cross-Border job fair will kick-off this 14th April.

Faith BaltazarApr 13, 2021

Otsaw Digital is testing robot deliveries in Singapore with 700 households

Otsaw Digital's robots are capable of delivering food and parcels automatically.

Rajitha ReddyApr 12, 2021

China gets serious about antitrust, fines Alibaba $2.75B – TechCrunch

Chinese regulators have hit Alibaba with a record fine of 18 billion yuan (about $2.75 billion) for violating anti-monopoly rules as the country seeks to rein in the power of its largest internet conglomerates. In November, China proposed sweeping antitrust regulations targeting its interent economy. In late December, the State Administration for Market Regulation said […]

TECHCRUNCH.COMApr 12, 2021

China's Abogen Biosciences raises $92m in Series B round

Suzhou Abogen Biosciences has raised as much as 600-million yuan ($92 million) in its Series B round to expand its operation.

DEALSTREETASIA.COMApr 12, 2021

Exclusive: China's Bilibili in talks to buy Yoozoo Games' stake in $765 million deal - sources

China's Bilibili is in talks to buy a 24% stake in Yoozoo Games as part of a nearly 5 billion yuan ($765 million) deal, two people said, as the online video site aims to tap its legion of young users to grow in the world's top gaming market.

REUTERS.COMApr 12, 2021

India’s PharmEasy is making healthcare accessible to all; valued at $1.5 billion now

PharmEasy is now the first unicorn in India’s online pharmacy space.

Faith BaltazarApr 11, 2021

Philippines wants more people to set up businesses; launches eSPARC online company registration

eSPARC will provide a secure, transparent, and efficient way to register companies online in the Philippines

Carl AdrianApr 10, 2021

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