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.
- May- 2021 -20 May
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 May
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 May
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 May
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 May
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 May
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 May
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 May
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…
- 10 May
Shit even billionaires have to deal with – The future of toilets
When you think about billionaires investing money you would tipically think of a man or a woman in their fancy dress, in their fancy limo, smiling at their (fancy) computers trying to find a way to increase their wealth. Well…
- 9 May
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 May
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 May
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 May
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 May
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 May
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 May
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…
- Apr- 2021 -30 April
Europe’s space sector: Satellite launcher startup Isar Aerospace with exclusive deal
Founded in 2018, Isar Aerospace has produced its first rocket engine at the company’s headquarters in Munich. The engine is built entirely in-house. Daniel Metzler, the company’s CEO said, “It was a big moment for us”. However, it was an…
- 29 April
Korea’s largest solar power exhibition 2021 International Green Energy Expo held at Daegu EXCO on April 28
The 2021 International Green Energy EXPO & Conference will be held from April 28 (Wed) to 30 (Fri) at EXCO Daegu. Korea’s largest and the world’s top 10 solar and renewable energy exhibition celebrating 18th session this year is hosted…
- 29 April
5 Health-Tech Startups you need to Watch in 2021
The pandemic might have been a nightmare for the whole world, but it sure did prove many things to humankind, reminding it of its fragile existence. It put our physical and mental health through a stress test and its results…
