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.
- Apr- 2021 -21 April
Alibaba fined, delivery service price dumping
China’s top antitrust regulator, the State Administration for Market Regulation (SAMR), has fined the e-commerce giant Alibaba RMB 18.2 billion ($2.8 billion) on Saturday for “forced exclusivity.” Forced exclusivity is a practice where platforms force merchants to use only one…
- 20 April
Vanadium ion battery startup Standard Energy raises $8.9M Series C from SoftBank Ventures Asia
Standard Energy is a South Korea-based vanadium ion battery developer. IT announced today That it has raised an $8.9 million Series C from SoftBank Ventures Asia. Standard Energy was founded in 2013 by researchers from the Korea Advanced Institute of…
- 19 April
Messaging app Wire raises $21 million
Wire is an end-to-end encrypted messaging app and service. It has raised a $21 million Series B funding round led by UVC Partners. As the company said a couple of years ago, the company is focusing on the enterprise market more than…
- 18 April
Fleur Pellerin wants Europe’s entrepreneurs to go east
Fleur Pellerin is the former French minister and founder of Paris-based venture firm Korelya Capital. Her goal? She wants the European entrepreneurs to come towards east for new business opportunities. After more than four years of founding Korelya, she is looking…
- 16 April
Top 10 Startups to Watch in 2021
Dozens of brilliant ideas are being converted into great startups every single day. And it doesn’t look like the popularity of startups will slow down any time soon, especially in 2021. But with so many startups popping up every day,…
- 15 April
Rapid raises $12M for its manufacturing robotics
Today, the bay area-based Rapid Robotics announced a $12 million Series A round led by NEA. This has brought the company’s total funding up to $17.5 million. Existing investors Greycroft, Bee Partners, and 468 Capital also took part in the…
- 14 April
The COVID chronicles: one year later.
You know the saying “every cloud has a silver lining”? That’s a good one to prompt our reflection. Corona virus arose in the end of 2019, and despite being first observed in Wuhan, China, it rapidly reached all continents. We…
- 14 April
Patreon triples valuation to $4 billion in new raise
A little about Patreon Patreon is a platform that provides the business infrastructure to independent content creators. These creators are people making videos, music, podcasts, paintings, comics, games, magazines, and other forms of media for fans online. Patreon enables them to…
- 14 April
Silicon Valley gets ready for a Hot Startup Summer
Change is the only constant, so is adaptability In times of crisis, the startup world behaves on the rules of biology. As we once read that the survival of the strongest is not guaranteed, but the survival of the most…
- 13 April
Signal tests payments in the UK using MobileCoin
In a long-expected move, encrypted chat app Signal is adding payments through cryptocurrency MobileCoin to its services. The company is taking its time on this feature. A U.K.-only beta program will allow users to trade money quickly, easily, and most importantly, privately.…
- 12 April
BSN architect Red Date to bring R3’s Corda enterprise blockchain to China
Red date Technology is primarily known for its role with the government backed blockchain platform BSN (Blockchain Services Network). It has licensed American distributed ledger company R3’s enterprise blockchain to resell in China. Why is this worth a headline? Until…
- 11 April
Tiger Global just closed one of the biggest venture funds ever, with $6.7 billion
This year, Tiger Global has been seen getting involved in a number of mega-rounds, often as the round’s co-lead. This week alone, half a dozen companies have announced rounds that the New York-based investing giant has either led, co-led, or…
- 10 April
Xiaomi invests $1.5 billion in the fully owned EV business
The new Chinese tech giant to join in the red-hot electric vehicle market is Xiaomi with a $1.52 billion investment to set up a fully owned subsidiary for its auto business, to be led by founder and CEO Lei Jun.…
- 9 April
Biden’s $2 trillion corporate tax plan tears up republicans’ 2017 blueprint
With the new tax plan, President Biden aims at undoing much of the structure that Republicans built in their tax law less than four years ago, driving up rates on large U.S.-based companies and raising taxes on their foreign profits.…
- 8 April
Sensors Collect Crucial Data on Mars Landings With Arrival of Perseverance
For more than six years, the Mars Entry, Descent, and Landing Instrumentation 2 (MEDLI2) team have waited to hear and experience the successful landing of NASA’s Perseverance rover. Their patience was finally paid when NASA’s Perseverance rover successfully landed on…
- 7 April
Clubhouse will create billions in value and capture none of it
Clubhouse, an invite-only audio chat room that has somehow invented the new concept of talking to friends. This is a new trend that is being adopted by many big platforms. Very similar to it was lockerRoom, which has recently been…
- 1 April
Ant Group-backed bike-rental app Hello Inc files for US IPO
According to a Bloomberg report, Hello Inc, a Chinese bike-rental firm, has filed for an initial public offering in the US. Why is it garnering attention? Hello, a Shanghai-based firm, has survived China’s competitive bike rental bubble and is a…
- Mar- 2021 -31 March
Ant Group CEO Simon Hu resigns due to personal reasons
As Ant Group Co. founded by billionaire Jack Ma, grapples with Chinese government demands to overhaul its business, Simon Hu has unexpectedly resigned as CEO, adding fresh turmoil to the financial technology giant. Who will be the new leader? A…
- 30 March
Chatbot startup Heyday raises $5.1M
Heyday, a Montreal-based company, has announced that it has raised $6.5 million Canadian ($5.1 million in US dollars) in additional seed funding. The goal of the startup Co-founder and CEO Steve Desjarlais said that the startup’s goal is to allow retailers to…
