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Plus, Alibaba expects an acceleration of sales. Flipkart agrees to sell 75% stake to Walmart.

The revenue growth comes against the backdrop of a brutal competition with Tencent-backed JD and Pinduoduo.

Tencent Music operates China’s 3 most popular music-streaming apps.

Rising trend of mega deals as Asia plays a more important role in global startup space.

Early this April, SenseTime (商汤科技) announced a fresh funding round of $600 million, just nine months after its then record-breaking (in the AI scene) Series B round of $410 million.

Plus, Mobile Credit Payment acquired iFashion Group. Spotify shares plunge after its first quarterly earnings report.

The company is valued at $5 billion.

According to Comma Smart, its system achieved an accuracy rate of 95%, which can save 40% labor costs.

The partnership is part of Didi Chuxing’s alliance with 31 companies in the auto industry.

The upcoming Xiaomi floating on HKEX could be the world’s largest IPO this year and since 2014.