Vertex Ventures to launch $770m fund; Alibaba partners automakers to use Tmall Genie voice control

'Game For Peace' rakes in $70 million in May; PolicyStreet gets central bank approval for financial advisory


BEAM11 Jun, 2019

Vertex Ventures to launch $770m fund; Alibaba partners automakers to use Tmall Genie voice control | BEAM

1. China to spend over $65b on VR/AR by 2023, far beyond the forecast of $6.53b of the market spending in 2019: IDC report

2. Alibaba partners with automakers including Audi, Renault, and Honda to add Tmall Genie tech to cars

3. Tencent's 'Game For Peace' rakes in $70 million in May, aiming to first improve its user operations before focusing on the monetization capabilities

4. Pinduoduo 拼多多 released data for its June 18th sale: male users accounted for 40% of the sales of beauty products

5. Sohu 搜狐 joins China's social networking resurgence with Huyou 狐友

6. Carmakers Renault and Nissan launch innovation lab in Tel Aviv, enabling their alliance to collaborate with Israeli start-ups

7. Lazada, Shopee and Zalora are most visited e-commerce sites (desktop and mobile web) in Philippines respectively in Q1 2019

8. Malaysia insurtech startup PolicyStreet gets central bank approval for financial advisory

BEAM introduces Weekly Tech Help 1-to-1 sessions in Malaysia.

9. Salesforce is buying data visualization company Tableau for $15.7B in all-stock deal

10. Moving deeper into enterprise cloud, Intel picks up Barefoot Networks

11. Digital imaging company Shutterfly strikes take-private deal with private equity firm Apollo Global, valuing company at $2.7 billion

12. Vertex Ventures to launch $770m fund with Japanese partners

This article is contributed by partners Chinaccelerator & BEAM

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