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China imposed stringent export controls on two critical semiconductor materials, germanium and gallium, in 2023, a move that has since rippled through global markets.
are increasingly going global, but recent regulatory crackdowns in China , which instructed local K-12 tutoring startups to go nonprofit, have led to a chill among check-writers looking at the country. based investors often cited China as validation of the opportunity for direct-to-consumer businesses in the K-12 world.
Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. The most popular card schemes globally are Union Pay, Visa, and Mastercard. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API. Tiger Global is earning its stripes in Africa.
The rivalry between China’s top online learning apps has become even more intense this year because of the COVID-19 pandemic. The latest company to score a significant funding round is Zuoyebang , which announced toda y (link in Chinese) that it has raised a $1.6 The latest financing brings Zuoyebang’s total raised so far to $2.93
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. China postpones Ant’s colossal IPO after closed-door talk with Jack Ma.
EMotorad, an Indian startup manufacturing electric bikes, raised $20 million in a Series B round as it aims to disrupt China’s market domination and expand its presence in global markets. The three-year-old startup has raised more than $22.5
China has seen its high-end Nvidia RTX 4080 and RTX 4090 D prices increase recently, writes IT Home. Citing reports in the Taiwanese media, it adds that this trend has now spread to other products further down Nvidia's card hierarchy, with add-in board partners set to raise prices by around 10% on average. Read Entire Article
Globally, the venture capital world is afire , pushing record sums into upstart technology companies. For example, the explosion in capital raised by U.S. But apart from China, most key startup countries and regions are seeing strong investor interest. billion estimate from the Global Private Capital Association (GPCA).
For years, founders and investors in China had little interest in open source software because it did not seem like the most viable business model. The investment, which catapults Zilliz’s to-date raise to over $53 million, is a sizable amount for any open source business around the world.
hedge fund and investment firm Tiger Global led the Series C round. New and existing investors who participated include DST Global, Early Capital Berrywood, Green Visor Capital, Greycroft Capital, Insight Ventures, PayPal, Salesforce Ventures, Tiger Management, Worldpay FIS 9yards Capital. . Launched in 2016 as a Nigerian and U.S.-based
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings. Dino Ying, VSPN CEO. Image via VSPN.
The startup plans to use the Series C, which brings its total raised to $170 million to date, to expedite its global expansion, make acquisitions and increase its headcount, Charlie Sanghoon Shin, co-founder and CEO of Greenlabs, told TechCrunch. Indigo raises $250M, launches marketplace to help farmers get paid for quality grain.
VerSe Innovation, the parent firm of popular news aggregator Dailyhunt and short video app Josh, said on Thursday it has raised over $450 million in a new financing round, just five months after securing $200 million , as the Indian startup looks to expand its offerings to international markets.
Increasing geopolitical tensions have raised concerns that countries such as Russia, China, and North Korea could target subsea cables during a military crisis. Such a thing is not unprecedented; Yemeni Houthi rebels were suspected of damaging underwater Red Sea cables responsible for 17% of global internet traffic in February.
Moov, a data-fueled marketplace for used manufacturing equipment , has closed a $41 million Series A funding round led by Tiger Global. It also plans to expand its global presence in China, Taiwan, South Korea, Japan, and Europe. With close to $1.5
Following a record-breaking second quarter, venture capitalists around the world stayed busy in Q3, investing astronomical sums into global startups. In the coming weeks, TechCrunch will explore the global Q3 venture capital market’s results in detail, by business genre (fintech, edtech, etc.) Lots to come, but this is the first look.
If you’ve been waiting for the OnePlus 10 Pro to launch outside of China, then you don’t have much longer to wait. The company has announced in a tweet that its latest flagship smartphone will launch globally on March 31st at 10am ET, a little over three months after it launched in China.
One year after raising $16 million , construction technology company Buildots is back to claim another $30 million, this time in Series B funding. Germany, Switzerland, Scandinavia and China. Buildots raises $16M to bring computer vision to construction management.
Boat, an electronics and lifestyle startup in India, has raised $100 million in a new financing round that many independent investors termed as the most successful hardware startup story in the world’s second-largest internet market. Among those that do exist, very few have been able to raise much money. and AirPod-like earbuds at $27.
Though the international version of Steam has been available in China for years, an official Chinese release of the the popular PC gaming platform has now debuted ( via analyst Daniel Ahmad ). Included in that list are, of course, Valve’s own e-sports titles Counter-Strike: Global Offensive and Dota 2. Steam China’s storefront.
An ambitious Chinese startup wants a slice of the flourishing global work automation market. Laiye, a Beijing-based company that provides a one-stop platform for automating office tasks of varying degrees of complexity, just picked up $160 million from a Series C funding round to expand globally. based Lightspeed Venture Partners.
ImToken , the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Ethereum wallet imToken raises $10M Series A from IDG to expand in the US, Asia and Africa. Crypto boom continues as Chainalysis raises $100M, doubles valuation to over $2B.
Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to grow its business. billion ($8.4 Bolt now has more than 100 million customers in 45 countries and 400+ cities using its services. Didi quietly divested its stake in Bolt last year.).
You can count on one hand the number of funds bigger than Tiger Global. Last year, the New York-based firm, known for its famous bets on Stripe, JD.com, Meituan and Roblox, raised $6.7 In the aughts, Tiger Global participated in just 30 deals, according to The Generalist , a newsletter on topics around tech and crypto.
NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California. IMVU has raised more than $77 million from five rounds since it was co-founded by “The Lean Startup” author Eric Ries back in 2004.
With the investment, the company will build a “quality-assured” manufacturing marketplace, as well as mirrored servers in China to open access to its hardware capital, Shenzhen. Wikifactory is available in four languages right now and is set to expand to 20 after it raises a Series A funding round next year.
To help accelerate its own vision, Gembah has raised an $11 million Series A, led by local firm ATX Venture Partners along with Silverton, Flexport, Brett Hurt, Jim Curry and Dan Graham. Gembah will also look to grow its global network and make additional hires in marketing and UI/UX. to help speed up the process. It follows a $3.28
In total, Alerzo has raised more than $20 million since its launch. “Growing up in Ibadan, I watched my mother operate two informal retail stores to raise my three siblings and me. The company is announcing a $10.5 million Series A round led by New York-based Nosara Capital. FJ Labs and several family offices from the U.S.,
Amber Group, a Hong Kong-based cryptocurrency trading startup, said on Monday it has raised $100 million in a Series B funding round at a pre-money valuation of $1 billion. “From an employer branding perspective, we are trying to attract global talents, and many of those are potentially new to crypto. .
TuSimple has raised $648 million since its founding in 2015. While TuSimple’s founding team and its earliest backers Sina and Composite Capital are from China, a chunk of its operations are in the United States, including its global headquarters in San Diego. Last month, Traton, which already held a 16.6%
That helped them notice the industry’s strong reliance on China. The Chinese component manufacturers are not cooperating because the ecosystem in China around EVs is fundamentally different from how it is in India. Tiger Global co-led the pre-Series A round of $5.2 Now they secured some much-needed fuel to expand.
The latest round brings its total funding raised to $41.4 The global market of conversational commerce, also known as chat commerce or conversational marketing, is expected to increase to $290 billion by 2025, up from $41 billion in 2021, representing a 590% rise for the next four years, according to a report by Juniper Research.
In November last year, digital freight forwarder Forto raised another $50 million in a round led by Inven Capital. In April this year, Nuvocargo raised $12 million to digitize the freight logistics industry. In May, Zencargo, with a freight-forwarding platform, raised $42 million. which has raised $9.5 million.
For several businesses globally, the answer to that question is increasingly Zetwerk , a Bangalore-based startup. On Wednesday, the Indian startup said it has raised $120 million in a Series D financing round led by existing investors Greenoaks Capital and Lightspeed Venture Partners.
The global thirst for an up-charged pair of Yeezy’s or limited edition Jordan’s combined with a growth in a digital ecosystem is creating new opportunities, particularly in the sneaker resale market, for companies like Kicks Crew , a Los Angeles- and Hong Kong-based sneaker and apparel platform. valuation in Series F raise.
” Both the firms raised capital in their most recent rounds at over $2.5 Tiger Global is one of the most prolific investors in India and is a backer of over a third of all unicorn startups in the country. The New York-headquartered firm, which counts India among its top three markets globally, has deployed over $6.5
Noissue , a New Zealand-based global packaging platform, wants to make sustainable packaging accessible to businesses of all sizes. intends to use the funds to grow its global team, invest in the technology that powers its platform and localize its supply chain, according to Josh Bowden, CEO and co-founder of noissue. Canada, the U.K.,
And now, the early-stage VC firm is announcing its largest fund closures to date: Kaszek Ventures V, a $475 million early-stage fund, believed to be the largest vehicle of its kind ever raised in the region, and Kaszek Ventures Opportunity II, a $525 million for later-stage investments. And Kaszek has been at the heart of it all.
The two-year-old startup, led by high-profile entrepreneur Kunal Shah, said on Monday it has raised $81 million in a new financing round and bought shares worth $1.2 The Series C financing round, as first reported by TechCrunch in late November , was led by DST Global. million (about 90 million Indian rupees) from employees.
Clothing, electronics, toys, automobiles, musical instruments, furniture — you name it and you’ll find a manufacturer in China who can turn your intangible concept into mass-manufacturable reality in mere days. China is also home to one of the world’s largest e-commerce and tech ecosystems. What’s different about Chinese D2C?
to send money to the region, much higher than the global average of 6.8%. Wapi Pay , a Kenyan startup with offices in China and Singapore, is carrying out this play and has carved a market for itself by facilitating payments between both extreme remittance worlds of Africa and Asia. In Q1 2021, Africa-China trade jumped 27%, to $52.1
E-commerce and other online businesses are becoming increasingly global in their operations and customer bases, and a startup called Airwallex — which has built a banking solution that addresses the opportunity to provide cross-border financial services — has been seeing a massive surge of activity.
Two things are for certain: 1) There continues to be a lot of excitement around warehouse robotics and 2) Geek+ is extremely good at raising money based on that fact. The last time we wrote about the company was still fairly early on in the pandemic — June 2020 — when it had just raised a $200 million Series C.
Cocos Technologies, a China-based game engine provider that has been around since 2010, just announced it has picked up $50 million in a Series B funding round in a bid to work on development and move beyond games. “The progression of mini games is a revolution in China,” suggested Stapley. The mini game renaissance.
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