Last week, there were 88 M&A deals and 122 funding raised. The startup funding market has seen a bounce back in terms of conditions and sentiments since the beginning of the Covid-19 shelter-in-place. However, since then, both markets have seen significant improvement, especially on the funding side. The market has currently bounced back to a normalized level compared to 2019. Read more.
Big week ahead as tech giants Aamzon, Apple, Alphabet, Facebook, and Microsoft. The potentially prolonged shut-in economy has benefited these companies in various degrees while also posing challenges in ads revenues. In addition, new forms of media have emerged and customer behavior is also changing fast with the remote working and living style. Who are the winners and losers? And what's the next wave in tech adoption?
Nvidia's acquisition of Mellanox Technologies is expected to close on April 27. The pandemic has strengthened tech giants while putting uncertainties on smaller firms. Nvidia is not the only one gobbling up strategic acquisition targets. Apple has made 3 acquisitions in March and April, putting it at the fastest pace since the company's founding. These targets are also significant in Apple's pivot into a service-based company. Read more.
Protesting in the age of quarantine takes an online format. The popular game Animal Crossing by Nintendo has been repurposed by Hong Kong protesters. A reality escaping fun game has been weaponized. In mid-April, China has cut the connection to Switch and has been censoring games on the foreign market. Read more.