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China Venture Roundup Volume 47 covers China’s investment activity from July 26 to August 1, 2021.

As of June, the digital yuan was used in RMB 34.5 billion (USD 5.34 billion) worth of transactions across retail, public transportation, utility bill payments, and government services.

The Indonesia Stock Exchange overhauled its rules to entice regional tech companies to float shares in Jakarta.

China’s chip-making champion gains momentum as the global semiconductor shortage persists.

The Tencent-backed supermarket chain is trying to recover an edge after losing out to internet giants in the grocery market.

A career in ETF distribution for wealthy clients and time with Indian grocery startup Grofers shaped Dhruv Arora’s idea to build a widely accessible wealth management platform.

Vietnamese telehealth companies pitch in with free consultation services when movements in public places are restricted.

The round comes a month after Tabby raised USD 50 million in debt financing, taking the total capital (equity and debt) raised to date to over USD 130 million.

The company pledged to upgrade its anti-addiction system and implement tighter restrictions on minors’ screen time.

Until now, Indian startups have not been able to make their mark in the UAE. With Gulf-based investors betting on Indian startups, that is slowly changing.