> What is Facebook? From NYMag:
We can talk about its scale: Population-wise, it’s larger than any single country; in fact, it’s bigger than any continent besides Asia. At 2 billion members, “monthly active Facebook users” is the single largest non-biologically sorted group of people on the planet after “Christians” — and, growing consistently at around 17 percent year after year, it could surpass that group before the end of 2017 and encompass one-third of the world’s population by this time next year. Outside China, where Facebook has been banned since 2009, one in every five minutes on the internet is spent on Facebook; in countries with only recently high rates of internet connectivity, like Myanmar and Kenya, Facebook is, for all intents and purposes, the whole internet.
> #TRANSPORT: Indian rideshare company Ola raised US$2b from SoftBank, Tencent and others. Ola has raised almost US$4b to date from Tiger Global Management, Sequoia Capital, DST Capital, and others.
> Grupo Assa invested US$10m in Parabolt, an Argentinian technology startup incubator.
> #AGTECH: SPRO IT Solutions made an undisclosed investment in E-Aware Technologies, a startup making wireless sensors for manufacturing and agtech applications.
> Bloomberg says SoftBank Plots Deals to Build a US$300b Asset Management Arm. Apparently, SoftBank’s US$93b Vision Fund is just the beginning. As a reminder, SoftBank had no assets under management 12 months ago.
> #FINTECH: Ripio Credit Network launches, aiming to attack bank loan fees in emerging markets.
> Americas Quarterly: China's Strategic Play in Brazil:
To be sure, Latin America is squarely in the sights of the Chinese government and investors. Already Brazil’s leading trading partner, China’s presence in the country is set to increase dramatically by next year. In 2015, Xi committed to almost doubling two-way trade with the region to US$500b within the decade. He also intends to increase investment by another US$250b by 2020. Once heavily concentrated in commodities and manufacturing, Chinese firms are now exploring new ground, from logistics to renewable energy.
> China Daily interviews founders from Truckpad, Parafuzo, and others on a funding road show in Beijing in Brazilian internet companies seek funds from China: "We feel we are similar to China and that's why we came to China for financing, not the United States.”
> Economía y Negocios: Quince emprendedores chilenos van esta semana tras la conquista de Silicon Valley.
> LAVCA IN THE NEWS: Reuters: LAVCA names new Chairman Carlos Garcia of Victoria Capital Partners. See LAVCA's full Board of Directors here.
> WEEKEND READS: