Highlights: India has a TikTok alternative called Trell, Kodak Shares Fell sharply, and more news.

Aug 11: Latest business and tech news around the world.


Alfred Lee11 Aug, 2020

Highlights: India has a TikTok alternative called Trell, Kodak Shares Fell sharply, and more news.

Tech business news digest: Highlights on tech business news around the world on 11 August 2020.

CHINA:

1. SK Holdings pays US$300 million for stake in Bain-backed data centre provider Chindata

2. Xiaomi fund-backed VeriSilicon Microelectronics seeks to raise $267m in STAR Market IPO

3. Private investment vehicle PAI Capital invests $212m in Shenzhen-listed Vtron Group

药研社 mobile app

4. Chinese drug R&D platform Yaoyanshe 药研社 pockets $86m in Series C+, D

5. Hong Kong’s asset management firm CLSA gathers $77.5m so far for Asia private credit fund

6. Pharmaceutical firm Zion Pharma raises nearly $20m Series A+ round

7. Chinese Prenatal Detection Service Firm Jabrehoo Raises $14M Series C Round

MOBILE-ONLY MARKETS:

1. Indian e-commerce giant Flipkart launches startup accelerator programme

2. India: Hinduja Leyland Finance in talks with investors to raise $100m

3. India: Swiggy joins quick grocery delivery bandwagon, launches Instamart

4. India: Private sector lender ICICI Bank launches $2b share sale

Indian TikTok alternate Trell

5. Indian TikTok alternate Trell registers 800% more screen time

6. Vietnam-based VinaCapital-led consortium invests $26.7m in Thu Cuc Hospital

CROSS-BORDER:

1. IFC invests $10m in Indian VC firm Endiya Partners’s Fund II

2. Chinese firms rush to raise over $5b in US IPOs ahead of new restrictions

3. iPhone Annual Shipments May Drop up to 30% if Apple Bans WeChat Worldwide

4. Saudi Aramco still eyeing $20.6b deal with India’s Reliance

5. Salesforce dumps Zoom shares after more than tripling its money since 2019 IPO

6. India’s Zomato in talks to raise $100m from Tiger Global

OVERSEAS:

Former PayPal executive Stephane Kasriel

1. Former Paypal executive set to lead Facebook Pay

2. Tesla Battery Supplier LG Chem Expects Revenue to Reach $25.26 Billion in 2025

3. Australian PE firm BGH Capital to acquire Village Roadshow in $542m deal

4. Tim Cook hits billionaire status with Apple nearing $2.75 trillion

5. Kodak Shares Fall as Planned $765 Million Loan Is Put on Ice

6. Skillshare’s Online Learning Platform Receives $66M Series D Boost

7. Mux raises $37M Series C as its API-based video streaming service scales

8. Rideshare Insurance Startup Buckle Raises $31M

9. Oomnitza Closes $12.5M Series B To Manage Company Digital Estates

10. Ironscales raises $8 million more for AI that thwarts email phishing attacks

11. LitLingo Secures $2M Seed To Manage Electronic Communications

12. CakeResume, which wants to become Asia’s largest tech talent pool, raises $900,000 seed round

This digest is contributed by Chinaccelerator.

Alfred LeeAuthor

Journalist at BEAMSTART. I write about breaking business news in the region.

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