- Jun- 2021 -4 JuneNews
British AI startup Faculty raises $42.5M
British AI startup, Faculty, has raised $42.5. million in growth funding from the Apax Digital Fund. It has raised $56.6 million to date.
- 3 JuneNews
Liquid Instruments raises $13.7M for its education 8-in-1 engineering gadget
To be an engineer, it takes an understanding of multiple tools like voltmeters, etc. But what if all these tools can be combined into just one? One such gadget has been created by Liquid Instruments. Moku:Go combines several commonly used…
- 2 JuneNews
Tencent Tries to Recover From $200 Billion Antitrust Slide
Tencent Holdings is trying to prove that it on its way to recover from the loss of almost $200 billion suffered because of the antitrust scrutiny. The results that come as the pandemic recedes affirm this further. The growth in…
- 1 JuneNews
BYD to begin delivering EVs in Norway by Q3
BYD announced recently that it will begin delivering its electric crossovers in Norway during the third quarter of this year. This is the latest example of a Chinese electric vehicle (EV) maker pushing into the European auto market. The is…
- May- 2021 -31 MayNews
JD Logistics IPO, Tencent, and Alibaba new offerings
On one hand, the pandemic has boosted grocery e-commerce. On the other, it has put a damper on Chinese retail. Its recovery is slower than expected. For instance, retail sales increased by 17.7%, instead of the projected 25%. The reason…
- 30 MayNews
ByteDance’s Zhang Yiming to step down as CEO
ByteDance co-founder and CEO Zhang Yiming said he will step down as the CEO of the TikTok owner at the end of this year. Company co-founder and head of human resources Liang Rubo will take his place. Zhang’s departure comes…
- 28 MayNews
OpenUnit raises a $1M seed round to be the online face of self-storage
OpenUnit is a startup that gives the needed technology to the mom-and-pop stores to help them keep up with the giant chain stores. Self-storage companies now move their services like rentals, leases, and payments online. Hence, it’s becoming increasingly difficult…
- 27 MayNews
NewNew app – Pay to control another person’s life
Wouldn’t it feel nice to decide small things for someone you admire just by paying a small fee?It would be elating for many fans that’s for sure! NewNew is the brainchild of Los Angeles-based entrepreneur Courtne Smith. The app, which…
- 25 MayNews
Alibaba leads $400m bet on Vietnam’s fast-growing retail market
China’s technology group Alibaba is leading a $ 400 million investment in the retail sector of Vietnam’s conglomerate Masan. Alibaba’s bet is on strong growth in consumer spending in a Covid-19 success story that was Vietnam. More about the Masan-Alibaba deal…
- 24 MayNews
UK cryptocurrency startup Copper closes $50m raise
Copper is a London-based startup focused on helping big investors store and manage their cryptocurrency investments. It has raised $50m in a Series B round led by Dawn Capital and Target Global. A rising trend of crypto custodians The raise…
- 22 MayNews
Air-Taxi Startup Volocopter Unveils Four-Seater Suburban Shuttle
In pursuits of expanding planned travel offerings outside city limits, Volocopter GmbH unveiled a larger, longer-range electric aircraft. All about the new Volocopter model aircraft The new VoloConnect has a seating capacity of up to four people and can fly to…
- 21 MayNews
Amazon and Apple Built Wireless Networks Using Your Devices. Here’s How They Work.
How can we connect millions of people and there billions of devices without the headache of dealing with middlemen like telcos, satellite operators, and cable companies for connectivity? Tech titans like Apple and Amazon have answered this question by converting…
- 20 MayNews
Chinese rocket debris crashes into the Indian Ocean
The Chinese space agency has officially stated that the remains of Long March-5b, the state’s rocket that was hurtling back towards Earth have crashed into the Indian Ocean. While the bulk of the rocket was destroyed as it re-entered the…
- 19 MayNews
TikTok moves off Alibaba Cloud
According to the Chinese financial media , Chinese internet giant ByteDance has decided to stop hosting TikTok and other overseas apps on Alibaba Cloud. This decision by ByteDance is a blow to the e-commerce giant’s cloud-computing branch. The revenue growth rate…
- 18 MayNews
How Duolingo became a $2.4B language unicorn
Duolingo was made with a mission – to make free education and increase income potential through language learning. However, the same mission that has helped it grow to a business valued at $2.4 billion with over 500 million registered learners,…
- 16 MayNews
China : Long March 5B situation as rocket heads reentry
On Friday, China’s foreign ministry acknowledged the imminent uncontrolled reentry of the Long March 5B as the orbit of the first stage continued to lose altitude. On May 7 at a Foreign Ministry regular news conference, spokesperson Wang Wenbin responded…
- 15 MayNews
Nio eyes Europe with EV deliveries in Norway set for September
The Chinese electric vehicle maker Nio announced that in its first overseas foray, it will start delivering vehicles to buyers in Norway in September and will open a flagship store there in the third quarter. Norway a promising but challenging…
- 14 MayNews
Didi plans grocery unit IPO as early as 2022
As per a report by The Information, Didi Chuxing , a Chinese ride-hailing giant is gearing up to usher in its grocery delivery unit for a separate listing as early as 2022. This comes a year after a planned listing for…
- 12 MayNews
Big Tech’s surging growth stuns Wall Street
After the world’s largest tech companies enjoyed a boom during the coronavirus pandemic, it was expected that life would gradually return to normal. But it certainly did not turn out that way. Big Tech has reported a surge in growth…
