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 -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…
- 26 May
Avention paves the way to localizing high-tech materials and technology independence
Located in the Knowledge Industrial Complex of Songdo Technopark, Incheon, Avention is successfully localizing cutting-edge experimental materials by developing and manufacturing reagents and nanomaterials for researchers. Avention has strengthened its position as a base material manufacturer, and successfully developed nanomaterials,…
- 25 May
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 May
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 May
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…
- 22 May
Korean Eyeglass Association launch its overseas brand OVIUS
The Korea Eyeglasses Cooperative Association (KECA) will start expanding its market to overseas with its own brand OVIUS. KECA is a cooperative established by eyeglass lens manufacturers and related businesses in 2020. It is made up of companies with various capabilities…
- 21 May
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 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…
