for theHere’s what you should know:

1. Lalamove pockets $100M to grow beyond 100 Asian cities

Hong Kong-based Lalamove has closed its $100 million series C round just nine months after raising $30 million in January.

The company is presently in 100 cities across China and Southeast Asia. With the new fund, the company plans to expand to more cities in Vietnam, and enter Malaysia and Indonesia.

The series C round is led by China’s ShunWei Capital, along with previous investors include Xiang He Capital and MindWorks Ventures.

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2. Alibaba to invest over $15 B in R&D over the next three years 

Doubling the amount of investment it allocated into R&D during 2014-2017, Alibaba is putting $15 billion for the purpose in the next three years.

Called the Academy for Discovery, Adventure, Momentum, and Outlook (DAMO Academy), the labs will conduct research in areas such as data intelligence, IoT, Fintech, quantum computing and human-machine interaction.

The research labs will be set up in China, the US, Russia, Israel, and Singapore. The program will help Alibaba to better serve the consumers and create 100 million jobs in the next 20 years.

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3. M Cash Integrasi becomes the second Indonesian startup to launch an IPO this year

Following Kioson’s IPO, another Indonesian startup is set to be listed on Indonesia Stock Exchange (IDX) on Oct 31.

M Cash Integrasi is a digital kiosk with the capacity of generating a variety of physical cards with automatic registration. It also provided multiple features such as phone credit top-up and utility payments.

The company is eyeing $23 million investment through the IPO, by offering 217 million new shares or about 25% of the company capital for IDR 1,300 – 1,450 ($0.10 – $0.11) each, to ten times expand its kiosks to 10,000 by 2020.

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