- May- 2021 -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…
- 11 MayNews
SoftBank leads $15M round for China’s industrial robot maker Youibot
China’s flourishing industrial robotics space has been picked by SoftBank. Youibot is a four-year-old startup known for making autonomous mobile robots for a range of scenarios. In its latest funding round led by SoftBank Ventures Asia, it has notched close to…
- 9 MayNews
TikTok names new CEO: Singaporean Shou Zi Chew
TikTok said on Friday, April 30 that the company has appointed Singaporean Shou Zi Chew as the new chief executive officer of the popular video-sharing platform. TikTok is believed to have about 1 billion users worldwide including more than 100…
- 8 MayNews
Huawei is selling EVs in stores, may offset sinking phone sales
On Wednesday last week, Huawei began selling Chinese-made electric cars. These cars are equipped with Huawei’s powertrain system and in-car infotainment solution. The company said that this move could offset a drastic decline in its global handset business resulting from US…
- 7 MayNews
Kry telehealth tools use grows 100% & closes $312M Series D
Kry is a Swedish digital health startup, which offers telehealth service and software tools to connect clinicians with patients for remote consultations. It had managed to raise a €140M Series C just before the pandemic hit in Western Europe, in…
- 6 MayNews
BlaBlaCar raises $115m and says next financing could be an IPO
Carpooling and transportation marketplace BlaBlaCar has raised $115m, after coming out of 2020 that has been a year marked by Covid-19 travel restrictions relatively well. BlaBlaCar is a Paris-based company, which was founded in 2006. It became France’s first-ever unicorn in…
- 5 MayTop
13 mobility startups that will boom in 2021, according to VCs
European startups in the mobility space have been riding the SPAC wave. For example, car marketplace Cazoo, which listed on the New York Stock Exchange at a valuation of $7bn and air mobility startup Lilium, which recently announced it will list on…
- 4 MayNews
ByteDance to Take a Bite Out of Tencent?
ByteDance, the owner of TikTok, which has been attracting eyeballs to its viral apps is now trying to become an even bigger success in the gaming world too. The Chinese company’s latest game, One Piece: The Voyage, based on a popular…
- 3 MayNews
Bitcoin sales & environmental credits boost Tesla’s profits
With record sales and profits coming in from its electric cars (but not only, Bitcoin), Elon Musk’s Tesla made a strong start to the year. This has been made possible even after facing production hurdles due to the global shortage…
