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Gbike , a SouthKorea-based micromobility Gcooter operator, is acquiring Hyundai Motor’s shared micromobility sharing platform ZET as it wants to increase its market share and create technological synergies via ZET’s fleet management system. . The financial terms of the deal were not disclosed. .
Indeed, 900,000 farmers currently use the app in SouthKorea, and that figure has tripled in the past 12 months since its launch in 2021, Shin said. The problem arose when SouthKorea’s bond market froze in the second half of last year due to the default of the theme park Legoland.
In an interview, he said the company’s fleet of vehicles that are operating in Las Vegas, Singapore, and Seoul will soon be rebranded with the “Motional” brand. Unlike some of its competitors, Hyundai receiving financial support from the government of SouthKorea to boost its efforts in both autonomous and electric vehicle development.
Socar’s debut comes amid a sluggish period in the IPO market in SouthKorea that has prompted a series of Korean companies to delay their listing plans. Socar, the first and only unicorn mobility startup in SouthKorea, aims to become the first listed profitable unicorn company, Park noted. million users and 1.4
Seadronix will use the capital to grow its team beyond the current headcount of 30 employees and enter global markets, including Singapore and Europe, where its “smart ports” are located, Byeolteo Park, CEO and co-founder, said in an interview with TechCrunch. Image Credits: Seadronix.
In addition, participating startups get co-working space, will attend weekly classes and have access to four to six mentors who have expertise in various industries, not just in SouthKorea but global regions. . He added that its partners and mentors are all former entrepreneurs and have global business experience in both the U.S.
The commercial real estate brokerage market in SouthKorea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex paperwork. Rsquare has handled more than 10,000 office brokerage transactions with over 21,000 clients in SouthKorea.
South Korean startup Bucketplace , which operates a home decorating and interior app OHouse, is looking to continue capitalizing on that trend with its most recent $182 million Series D round, the startup’s co-founder and CEO Jay Lee said on Monday in an interview with TechCrunch. Lee told TechCrunch.
It has since expanded into other businesses, including offline venue operation. In a statement, Dino Ying, CEO of VSPN (see also our exclusive interview ) said: “We are delighted to announce this latest round of funding. SPACE in Seoul, SouthKorea. In May, VSPN launched its first overseas venue, V.
Even if you’ve had a busy week, a quick skim of WiR should keep you in the (tech) loop. Hello, friends! Welcome back to Week in Review , the newsletter where we quickly sum up the most read TechCrunch stories from the last sevenish days. Want it in your inbox every Saturday? Sign up here. Check out Ivan’s list. audio roundup.
Managing Editor Jordan Crook interviewed Airbnb co-founder and CEO Brian Chesky to discuss the future of travel and what it was like leading the world’s biggest hospitality startup during a global pandemic. “Our business initially dropped 80% in eight weeks. And does it have an attractive business profile? We want to know.
In an interview with TechCrunch, MyGlamm co-founder and chief executive Darpan Sanghvi said the startup has spent about $270 million in equity and cash in recent months to buy a number of firms that fit with the startup’s vision. “For years SouthKorea and Japan have produced large and iconic D2C brands.
Choi, the company’s CEO, said in an interview with TechCrunch that in their capacity as investors, the three noticed that in Korea and many other Asian countries, startups were still relying on Excel when managing their cap tables, stock options, stakeholder and other related information. Image Credits: QuotaBook.
But they had a hard time locating a suitable platform, so after about a year, Kim decided to create a marketplace for handmade goods himself in SouthKorea called Backpackr. The startup intends to sell products made in SouthKorea overseas and bring handmade products made in Southeast Asia to SouthKorea via its platform.
We identified an opportunity that existed based on how long the equipment is being used versus how long it’s usable for,” Moov CEO Steven Zhou told TechCrunch in an interview. It also plans to expand its global presence in China, Taiwan, SouthKorea, Japan, and Europe. That’s where the idea of Moov came about.
. “We have decided to postpone listing on the Korea Exchange (KOSPI), considering market sentiment remained weak amid the global market uncertainties,” the company said in an emailed statement. “We have enough cash to carry out the new business we were planning.” billion valuation in December 2021.
SouthKorea’s Hanwha Impact led the Series B round and was joined by existing backer Hong Kong-based Li Ka-Shing’s Horizons Ventures , CEO Hyunjun Park said in an interview with TechCrunch. Early this year, Catalog opened an office in Seoul, SouthKorea, a wholly subsidiary of Catalog, for Asia expansion, Park noted.
In an interview, Franta and Rastouil said they wanted to create a startup that combined social and entrepreneurial impact. The new funding will be used to hire about 50 new employees in Reebelo’s existing markets across departments, and expand into new markets in 2022, including SouthKorea.
In an interview with TechCrunch, Luup CEO Daiki Okai said the startup’s ambitious plan is to expand its e-scooter and e-bike business across Japanese cities and tourist destinations. based Bird and SouthKorea-based Swing, but they have had limited success so far.
Speaking of putting capital to use in easier ways, some VC firms continue to raise funds, and Sequoia Capital has been very busy. Here’s what else you might like today: Show me the money : Kyle reports on Tesorio, which closed on a $17 million Series B to continue developing tools to help businesses automate their payment collection process.
On Equity , the crew talked about a lawsuit targeting a grant program providing small checks to Black women small-business owners and how some countries are taking a different track, including the U.K. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there’s something for everyone at Disrupt.
But building out charging infrastructure to handle passenger EVs is going to be a challenge for any company that wants to build a business there. The popularity of electric two-wheelers is booming in China , and they’re starting to make big gains in other markets like Vietnam and SouthKorea.
But that follows two court case settlements and a new law in SouthKorea that also have implications for how Apple treats developers. August 7th, 2008 In an interview with Nick Wingfield, Steve Jobs says of the App Store that “ we don’t expect this to be a big profit generator.”. “We Apple case. It rejects Sony’s e-reader app.
Red notice : It’s official — Interpol issues red notice for Terraform founder Do Kwon, who faces charges in SouthKorea after Terraform’s cryptocurrency and stablecoin collapsed earlier this year. Manish and Kate have been following this story for a while and have more. Startups and VC.
Listen in to hear, and stick around after the interview for some first-hand impressions of the phone from myself and Nilay Patel. I’ll start with you, Sundar; why is it important that Google is in the hardware business? And third, to do this well, you have to build a sustainable business. Sundar Pichai: It’s a good question.
There’s the business side of Tinder, the part of Tinder which is the financial engine. We have 6 million subs paying subs and that’s certainly a part of the business. If you think about the first wave of dating websites, they kind of felt like a job interview.”. We want to facilitate that, not make it a job interview.
Thuan Pham, who stepped down as Uber’s chief technology officer and longest-serving top executive in May, has a new job in SouthKorea. market share in SouthKorea, the fifth-largest e-commerce in the world, is a departure from his original post-Uber plans.
This pattern of immense platform business profits and low worker wages proves that technological advancement alone is not enough to improve the condition of average workers. In many U.S. cities, Airbnb hosts avoid traditional hotel taxation.) 36 Farmers can begin using the site for free, and commissions on food sales are very low.
Seed deck Image Credits: Prelaunch.com (opens in a new window) Earlier this week, Haje Jan Kamps interviewed Prelaunch.com CEO Narek Vardanyan to get his perspective on how hardware startups can validate products before going to market. and SouthKorea seek Do Kwon’s extradition so he can face multiple charges. Both the U.S.
The SouthKorea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. SevenRooms raises $50M to double down on reservations, ordering and other tools for hospitality businesses.
Ringle created a niche for itself by focusing on adults first, with courses like business English and interview preparation. The SouthKorea-based startup announced today it has raised an $18 million Series A led by returning investor Must Asset Management, at a valuation of $90 million.
A law in SouthKorea might force the company to change how App Store payments work ; the company settled a Japanese case about the App Store recently , as well as a class-action lawsuit in this country. To use any tool you have to be thoughtful about it. It’s going to become important later. I’m just going to put a pin in that for now.
On Equity , the crew hosted Sara Mauskopf, the CEO and co-founder of the childcare marketplace Winnie, to discuss the state of care as a venture-backable category, where startups can find the most impact and business results and the pressures of fundraising-driven growth in care-oriented markets. Get your TechCrunch fix IRL.
If you want to build a big business, the road ahead is still long and windy, and you’re going to need every bit of help you can get. On the steep slope between failure and success in this business, vesting longer is a powerful way to help the company will deliver the most back to them after the hard work of the early days.
But as it stands, it should be a busy year for the moon. John Couluris, a senior VP at Blue Origin, said in an interview with 60 Minutes last March that were expecting to land on the moon between 12 and 16 months from today.
Trump has talked about taxing the European Union, SouthKorea, Brazil, and India, among other countries. “We’re going to charge countries for doing business in our country and taking our jobs, taking our wealth, taking a lot of things that they’ve been taking over the years. .
Carney, who will be sworn in as Justin Trudeaus replacement in the coming days, said Trumps latest tariffs are an attack on Canadian workers, families, and businesses. people and its business leaders needed to speak up against the chaos caused by Trump’s launching of a trade war. Its called President Trumps recession, Ford said.
to the negotiating table and reach a fair agreement,” Lombard said in an interview with broadcaster BFM TV. Businesses have raced to adjust. Other trading partners, including Japan, SouthKorea, Mexico, and India, said they would hold off on any retaliation for now as they seek concessions. ” The U.S.
and has been diversifying its trade relations by signing free trade agreements with over a dozen countries, said Dan Martin, international business adviser of Dezan Shira & Associates. Starmer told business leaders gathered in 10 Downing St. Vietnam has long realized that it was too reliant on the U.S. “The U.S.
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