And, ​the global market share of Xiaomi mobile phones reached 13%, and Huawei dropped to 4%; Monster Charging landed on Nasdaq, and it rose 17.64% on the first day of listing.

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Globalization of Chinese Enterprises

Tianmei Studio, a subsidiary of Tencent Holdings, has revenue of US$10 billion in 2020, making it the world’s largest game developer. It is learned that Tianmei Studio has developed games such as “King of Glory”, “Daily Run”, “Crossing the Line of Fire: Gunfight King” and “Daily Love Elimination”. Calculated by the number of monthly active accounts, “Glory of the King” has topped the global mobile game bestseller list for two consecutive years, and has been named the most popular mobile game in China.

The global market share of Xiaomi mobile phones reached 13%, while Huawei dropped to 4%. Tencent Technology quoted Counterpoint’s latest data to show that in February this year, Xiaomi Group’s global market share of mobile phones reached 13%, becoming China’s largest mobile phone manufacturer . Huawei’s global market share fell to 4%. At the same time, OPPO and vivo’s global market share has also increased, reaching 12% and 10%, respectively, ranking 4th and 5th next to Xiaomi.

Pacific Future Technology announced that it has completed a 250 million yuan A round of financing in 2020. It was learned that the main investor in round A1 was Chuangmeng Tiandi, and the main investor in round A2 was Gezhi Industrial Development. After the completion of the A round of financing, Pacific Future Technology will continue to invest in product development and technology iteration, and continue to expand its application scenarios to land in the national and global markets.

Monster Charging landed on Nasdaq, and the market rose 17.64% on the first day of listing. On the evening of April 1, Beijing time, Monster Charging officially landed on Nasdaq with the stock code “EM”, becoming the “first share of shared charging.” Monster Charging has issued a total of 17.65 million ADS shares at a price of US$8.5/ADS, with a total issuance size of US$150 million. On the first day of listing, Monster Charging opened up 17.64% to $10, with a market value of $2.7 billion. In addition, the prospectus shows that in 2020, Monster Charging will rank first in the shared charging industry with a market share of 34.4%.

Southeast Asia

Indonesian express company J&T plans to go public in the United States at a valuation of US$5 billion. According to Tech in Asia reports, following the last round of financing, 30 million US dollars were raisedAfter the Yuan Dynasty, J&T is currently considering a new round of financing. And just in March of this year, its competitor Sicepat completed a $17 million Series B financing.

Sea Group’s payment software ShopeePay became the most commonly used e-wallet payment tool in Indonesia in March. According to KrASIA reports, e-wallets can be used for offline payments. ShopeePay’s high-frequency usage rate comes from cooperation with many retail stores and restaurants; ShopeePay also often issues coupons and discounts to attract consumers.

Vietnam’s largest listed group Vingroup plans to issue five-year international bonds to raise US$500 million. According to DealStreetAsia, Vingroup plans to issue this bond on the Singapore Stock Exchange. The funds raised will be used to repay loans and increase the capital of its subsidiaries. Vingroup’s business covers the real estate, hotel and healthcare industries.

India

The Indian financial technology company StashFin completed a US$4 million Series B financing. According to The Economic Times, Altara Ventures and Uncorrelated Ventures participated in this round of financing. The funds will be used to expand the company’s lending business in India and to promote neobank’s solutions to Southeast Asia.

The annual transaction volume on the Indian online payment company PhonePe platform reached 388.8 billion. According to The Economic Times, there were more than 1 billion transactions through the UPI interface on the PhonePe platform throughout March. It is reported that the competitors of this company are GooglePay and Paytm.

Europe and America

Tiger Global’s funds completed a new round of fundraising, raising US$6.7 billion. According to TechCrunch, Tigher Global’s fund recently completed a new round of fundraising, raising US$6.7 billion. It is reported that Tiger Global has invested in a number of companies this year as a leader or investor.

U.S. insurance company Next Insurance completed US$250 million in financing. According to TechCrunch, the company’s last round of financing was in September 2020, with an amount of US$250 million.Worth 2 billion US dollars. After this financing, its valuation doubled to 4 billion U.S. dollars. Next sells different types of corporate liability insurance (workers’ compensation, commercial vehicles, general liability, etc.).

The US AI technology company Holler completed a US$36 million B round of financing. According to TechCrunch, Holler’s AI technology aims to recommend stickers or GIF dynamic expressions that match the conversation scene and context to “enrich the conversation content.” The number of users of Holler’s technical services has reached 7.5 million; compared to 2019, the company’s operating income has increased by 226%.

Other

The South Korean technology company SK IE Tehnology is planning an IPO and is expected to be listed in South Korea by the end of 2021. According to DealStreetAsia, the company currently plans to raise $1 billion. It is reported that SK IE Technology, a subsidiary of lithium battery materials, mainly produces lithium battery separator materials, and plans to occupy 30% of the global separator market share in 2025.

YJ Capital, a Japanese venture capital firm, acquired Line Ventures and opened a new fund of US$271 million. According to DealStreetAsia, the new fund is named ZVC1 Investment Partnership.

Text | Zhu Ruotong

Figure | Unsplash

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