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.
- Jun- 2021 -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.
- 15 June
Pinduoduo beats revenue expectations
Pinduoduo beats revenue expectations for the first quarter of 2021 and is getting ready for heavy investment in agriculture research.
- 8 June
QuintoAndar lands $300M at a $4B valuation
Brazil’s proptech QuintoAndar lands $300 million in a Series E round of funding that values it at an impressive $4 billion.
- 7 June
MotoRefi gets $45M led by Goldman Sachs
In another round of investment led by Goldman Sachs MotoRefi gets $45M, just 5 months after $10 million were put into the fintech startup.
- 6 June
Alibaba Cloud Prepares for future with RISC – V
Alibaba Cloud prepares Apsara Operating System compatible with other architectures using RISC -V. This may mean future chip independence.
- 5 June
China on Mars: Zhurong rover returns first pictures
As the rover lands on the Red Planet, China releases the very first pictures of the view captured by Zhurong on its website. Front view from the space vehicle The forward view shows the landscape ahead of the robot as…
- 4 June
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 June
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 June
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 June
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 May
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 May
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…
- 30 May
Mobility Company Ground K Launches ‘T-Rise Up’
Tourism transportation platform company Ground K Co., Ltd will present a solution that will advance the business to the next level by reinforcing the digital capabilities of transport operators. Ground-K has recently launched an integrated operation system ‘T-Rise Up’ for…
- 29 May
ICT company with Manufacturing Based, A&L Corporation
A&L Corporation Co., Ltd. (hereinafter referred to as A&L) received the ‘Minister of Trade, Industry, and Energy’ Award’ in 2019 for contributions to the development of smartphones and advanced technology of parts and was selected as ‘KEA-led IoT Excellent Company’…
- 28 May
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…
- 28 May
The MSS holds P4G Startup Challenge as part of the 2021 P4G Seoul Summit
The Ministry of SMEs and Startups of the Republic of Korea (Minister Kwon Chil-seung, hereinafter “MSS”) announced that it will hold “P4G Startup Challenge,” an online IR pitching event for the startups representing 12 P4G member nations and investors at home and…
- 27 May
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…
- 27 May
HanMaek Medical’s “Moving Bed Shower Carrier”, a necessity for nursing care
The “Moving Bed Shower Carrier” produced and launched by HanMaek Medical Co., Ltd., a nursing care solution R&D company, has become a necessity in nursing care services. The product has shown an increase in demand in hospital wards nationwide. The…
