News
Stay up-to-date with the latest news and developments in the world of startups and technology. Our News category features daily updates, company highlights, and essential information you need to stay informed about global innovation of the startup world.
- Jul- 2021 -7 July
China bans retired EV batteries usage
China’s top energy policymaker released new regulations that China bans retired EV batteries. It plans to ban large energy storage plants from using used automotive batteries. This rule came following several deadly safety incidents at battery and power plants. What…
- 6 July
SHORT SHOTS – Aihuishou in NYSE, Chinese brands sell big in 618 festival
Aihuishou debuts, Huitongda to come Auihuishou is a used electronic reseller store. it has debuted on the New York Stock Exchange on June 18. Aihuishou is backed by JD.com. It saw its shares jumping up to 23% on the first…
- 5 July
Orbion Space Technology raises $20M Series B
Orbion Space Technology is a Michigan-based manufacturer of in-space plasma propulsion systems. It has raised $20 million in a Series B funding round. The company says that it will use it to scale the production capacity of its Aurora propulsion…
- 2 July
Uberall acquired MomentFeed to scale up its services
Uberall acquired MomentFeed, a location marketing company based out of Los Angeles, to continue scaling its business. Uberall works with retailers and other operators to help them update and provide more accurate information about themselves across other location marketing platforms.…
- 1 July
FamPay, a fintech in India, raises $38 million
Fampay has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway also participated in the new round,…
- Jun- 2021 -30 June
Studely, offers 100% digital service to help students study in France
Studely is the first financial service dedicated to the needs of international students. Thanks to Studely’s teams, all students benefit from a personalized support in the administrative procedures to enable them to study in France.Studely’s commitment is to offer better…
- 30 June
SpaceX vs China: The Quest for Satellite Internet
Its SpaceX vs China when we come to the up and coming 6G network technology. As SpaceX has launched Starlink, China also gets ready to send satellites with the USP to provide the fastest internet on Earth yet.
- 29 June
Klarna becomes the second most valuable fintech
Klarna just became the second most valuable fintech startup in the world. It had raised $639m in fresh money at a $45.6bn post-money valuation.
- 28 June
Manbang seeks to raise up to $1.6 billion in US IPO
Manbang is the Chinese name of Full Truck Alliance Co. It is an Uber-like trucking startup. It is looking to raise as much as $1.57 billion in an initial public offering. This would make it one of the biggest U.S.…
- 27 June
SoftBank invests in Betterfly in a Funding Round
SoftBank Group Corp invests in Betterfly. It is a major investor in the Latin American startup scene. Recently, it has made its first investment into a Chile-based health company, Betterfly. It was worth a $60 million funding round. More on…
- 26 June
Apna raises funds worth $70 million
Indian startup Apna raises funds in order to help daily-workers in India to secure jobs. Many people have lost their jobs during the pandemic and India is no different. With millions of people losing their employment, Several economic activities have…
- 23 June
Chinese ride-hailing giant Didi files for US IPO
Chinese ride-hailing platform Didi files for US IPO. It plans to trade on either the New York Stock Exchange or Nasdaq.
- 22 June
Alibaba Cloud to build Livestream shopping platforms
In a bid to use its experience in the field of Livestream shopping platforms, Alibaba Cloud has offered to make some, for its global clients.
- 21 June
How iLoF turns blood into a fingerprint library
iLoF turns blood into digital fingerprint library by creating database of disease subtypes to help clinical trials become faster and cheaper.
- 20 June
ByteDance wrestles with Tencent over link blocking
ByteDance wrestles with Tencent by writing a post expressing its anger on Tencent's link blocking activities that have resulted in lack of user sharing.
- 19 June
Aurora to merge with Y – talks in the final stage
Autonomous vehicle startup Aurora is in talks to merge with Y, a newest SPAC, and reinvent technology partner.
- 18 June
SentinelOne files for $100M IPO
AI cybersecurity provider SentinelOne files for an IPO on the New York Stock Exchange (NYSE). it uses AI and machine learning for security,
- 17 June
Tesla’s China Sales Bounce Back
Tesla's sales bounce back in China, in May after facing a short slump when a customer protest. But it might be too early to tell for sure.
- 16 June
Short Shots – JD revenue grows 39%, Alibaba-backed new retail eyes IPO
While JD.com grows in the Q1 of 2021, showing great revenue, an Alibaba backed new retail, Huitongda, eyes for Hong Kong IPO for $1 billion.
