Amsterdam-based same-day delivery platform Dostavista, the operator of MrSpeedy in Southeast Asia, has raised a $35 million Series C investment and re-branded itself as Borzo. Investors in the Series C round include Abu Dhabi state fund Mubadala, Swedish tech investor VNV Global, Russian Direct Investment Fund, and the UK-based Flashpoint Venture Capital. The company has… Continue reading Mubadala joins Dutch same-day delivery platform Dostavista’s $35m Series C round
Category: Tech News
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Chinese regulator says it will tighten oversight of sharing economy
China’s market regulator said on Monday it would step up oversight of the so-called sharing economy, where consumers share access to goods and services often with the help of an online platform. The move by the State Administration of Market Regulation (SAMR) is the latest in a drive by Beijing to strengthen control over its… Continue reading Chinese regulator says it will tighten oversight of sharing economy
Gumroad announces cheaper pricing for creators
Gumroad is announcing a new pricing structure today that streamlines the fees and features of its platform, making it easier for creators to get started selling products or memberships online. Gumroad was one of the early “help people sell things online” businesses, but this change is a sort of reset for the company as the… Continue reading Gumroad announces cheaper pricing for creators
DraftKings To Acquire Golden Nugget Online Gaming, For Equity Value of $1.56 Billion
Boston, MA-based digital sports entertainment and gaming company DraftKings Inc. (Nasdaq: DKNG) is to acquire Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG), an online gaming company, in an all-stock deal having an implied equity value of approximately $1.56 billion. The acquisition – expected to close in the first quarter of 2022 – will allow DraftKings… Continue reading DraftKings To Acquire Golden Nugget Online Gaming, For Equity Value of $1.56 Billion
Tesla pushes new software update to improve Model S suspension, Autopark, and more
Tesla has started pushing a new software update to its fleet of Model S electric sedans in order to improve suspension, Autopark, and more. Some of the improvements are expected to make it to other vehicles too. When it comes to software updates, Tesla has been on a roll lately. The automaker has not only… Continue reading Tesla pushes new software update to improve Model S suspension, Autopark, and more
Asia Digest: Korea’s Urbanbase bags $11.1m; Australia’s Relectrify raises funds …
Korea’s Urbanbase, which develops VR and AR tools used in interior planning and design, has raised $11.1 million of fresh funds, while Australia’s Relectrify has raised a growth investment round. Urbanbase bags Series B+ funding Seoul-based Urbanbase, which develops 3D spatial tools, has landed $11.1 million in a Series B+ funding round led by new investor… Continue reading Asia Digest: Korea’s Urbanbase bags $11.1m; Australia’s Relectrify raises funds …
People Digest: Binance Australia appoints CEO; SG’s UOB adds two directors
Cryptocurrency major Binance has appointed Leigh Travers as its Australia chief executive officer while Singapore’s United Overseas Bank has announced two directors joining its board. Binance Australia appoints CEO Binance has appointed Leigh Travers as its Australia chief executive officer (CEO), according to an announcement. The appointment follows Binance Singapore naming Richard Teng, a former… Continue reading People Digest: Binance Australia appoints CEO; SG’s UOB adds two directors
CCV leads $20m round for Huanyu Guanai and other deals from Greater China
Research Health insurance platform Huanyu Guanai said on Monday that it has secured $20 million in a Series B round of financing led by China Creation Ventures (CCV), a Beijing-based investment firm focused on the technology, media, and telecom (TMT) sector. Go to Source
Shopee dips toe in India’s e-commerce market with recruitment campaign
Singapore-headquartered Sea Ltd’s Shopee has launched a recruitment campaign for vendors to sell on what it called “Shopee India” and is ramping up hiring in the country, according to Youtube videos and job postings. “Shopee is coming to India!” announces a video posted earlier in August that promises free shipping and no commission fees for… Continue reading Shopee dips toe in India’s e-commerce market with recruitment campaign
China Digest: BAI leads $15m funding in Dalezhuang; Sequoia backs Lead Digital
Construction technology platform Dalezhuang has secured over 100 million yuan ($15 million) in a pre-Series A round of financing led by Bertelsmann Asia Investments (BAI), while Sequoia China Seed Fund has led a nearly $10 million pre-Series A round for Lead Digital. BAI leads over $15m in funding in Dalezhuang Dalezhuang, a cloud-computing platform for… Continue reading China Digest: BAI leads $15m funding in Dalezhuang; Sequoia backs Lead Digital