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Images shared by the Royal Thai Police on Facebook show it standing stiff on a raised, metal platform with wheels, suggesting it may not be able to walk on its own accord. Last year, we also came across a rolling robot, reminiscent of the android BB-8 in the "Star Wars" universe, being deployed by a police force in Eastern China.
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.
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
China’s edtech crackdown continued over the weekend , with the country’s ruling party setting new rules for online tutoring companies; they can no longer go public and will be forced to become nonprofit entities. Bitcoin had a great weekend, however. Chinese edtech stocks around the world fell.
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. As Coinbase looks to list, Robinhood rides the crypto boom.
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. African startups nearly raised $1.5 African startups nearly raised $1.5
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. Despite the hype, construction tech will be hard to disrupt.
Unlike other emerging economies such as China, India and Indonesia, which have embraced digitization and technology, Pakistan has trailed the region in the adoption of technology and startup formation. In 2021, Pakistani startups are on track to raise more money than the previous five years combined. Unlocking Pakistan’s potential.
Back on theme, we had a lot to get through this morning, so inside the show you can find the following and more: The Chinese cryptocurrency clampdown is a big damn deal: With lots of the nation’s mining capacity heading offline, there’s a scramble to relocate rigs and generally figure out what a crypto market sans China might look like.
No, some funds are bucking the downturn by raising new, huge venture vehicles to invest in markets that don’t appear healthy from an outsider’s perspective. That makes recent funds from Sequoia Capital China and a16z all the more interesting to talk about. Briefly, the news: Sequoia Capital China is raising a huge new fund.
In total, Flutterwave has raised $225 million and is one of the few African startups to have secured more than $200 million in funding. . When the company raised its Series B, we reported that Flutterwave had processed 107 million transactions worth $5.4 African fintech firm Flutterwave raises $35M, partners with Worldpay.
The sale would raise about $1.5 Additionally, CoreWeave’s capital-intensive business model raises questions about sustainability, adding to broader market uncertainty. CoreWeave and some existing investors had initially aimed to sell 49 million shares in the offering priced between $47 and $55 each to raise as much as $2.7
However, over the last one decade, tech solutions are emerging to bring efficiency into the sector and make shipping cheaper, while increasing the availability of options for shippers. Amitruck , a Kenyan tech-enabled logistics platform, is one such provider of solutions that streamline the shipping market.
WritePath make the process faster and scalable by combining its AI tech with human translators. The Taipei-based startup’s clients include Foxconn, ASUS, China Airline, the Taiwan Stock Exchange and Taiwan Mobile. WritePath announced that it has raised $340,000 in pre-Series A funding, led by Quantum International Corp.
The startup, whose clients include Danone, Kellogg’s, Cargill and Dole, announced today it has raised an oversubscribed $4.4 The round also included participation from returning backers food tech venture firm AgFunder and Decacorn Capital, and new investor Anthill Ventures. It brings Ai Palette’s total raised to $5.5
has spawned notable players like OpenAI and Anthropic, China has its own emerging candidates. One of these foundation model developers, Zhipu AI, announced today that it has raised 2.5 It’s become increasingly evident that two parallel AI universes are forming between the U.S. While the U.S.
OTV (formerly known as Olive Tree Ventures), an Israeli venture capital firm that focuses on digital health tech, announced it has closed a new fund totaling $170 million. The firm also launched a new office in Shanghai, China to spearhead its growth in the Asia Pacific region.
Maybe it is a stock market bubble, or a tech-stock bubble at least. What’s exciting to me is [that] DoorDash is raising money because they are just getting started. As for the capital-raising event, I think it’s hard for the bankers to know where it will land with the broader market, so I’m not as negative as maybe some others.
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. Alerzo owns and operates its full-stack tech-driven supply chain and logistics to process these orders. The company is announcing a $10.5
Rainforest announced in May that it had raised $6.55 The company says its latest raise means it now has more than $50 million to spend on acquiring e-commerce brands. In addition to brand acquisitions, the funding will also be used on hiring and building its tech infrastructure. Co-founder and chief executive officer J.J.
Meanwhile countries like France, Japan , Switzerland, and China are moving light-years ahead in terms of their high-speed rail systems (the closest the U.S. However, as Fast Company has previously written, such a move could derail the providers expansion plans by raising prices for consumers and even eliminating less profitable routes.
Other investors include VMS Group from Hong Kong, Chinese private equity firm Youshan Capital, as well as existing investors Lightspeed China and U.S.-based Much of the top developer talent in China has gotten just as expensive as their counterparts in Western countries, observed Wang, who holds a PhD in machine learning from Princeton.
a joint venture between Toyota China and GAC, a Chinese state-owned automaker. Going forward, Toyota says it’ll give Pony an unspecified number of its EVs, while Pony will outfit them with autonomous-driving tech and the firm’s “robotaxi network platform.”
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. It was just a matter of time until an intrepid Chinese entrepreneur with a tech background decided to take on Coca-Cola and PepsiCo.
Katana , an enterprise resource planning (ERP) platform for small- and medium-sized manufacturers, has raised €35 million ($34 million) in a Series B round of funding. End of ‘made in China’ era. In short, the ‘made in China’ era is ending.” Katana: Inventory overview Image Credits: Katana.
With Grab’s announcement of its imminent Nasdaq listing and GoJek merging with Tokopedia to form tech giant GoTo , casual international observers could be forgiven for believing that Southeast Asia’s tech universe only comprises similar companies. Unsurprisingly, tech startup growth is booming as well.
The smaller firm had raised north of $60 million while private, giving us a little context on the company’s exit price. Yesterday, TechCrunch noted that Chinese tech stocks had taken a lengthy hammering, leading to their valuations falling sharply. Well, we got a little hint of that in early Q1 2022 venture capital data from China.
Indonesia-based eFishery announced today that it has raised what it claims is the largest round of funding by an aquaculture tech startup in the world. The funds will be used to scale up eFishery’s platform and expand into the top 10 countries for aquaculture, including China and India. Series B round.
Chinese-backed and Africa-focused fintech company OPay raised $400 million in new financing led by SoftBank Vision Fund 2, Bloomberg reported Monday, valuing the company at $2 billion. This news comes three months after The Information reported that the company was in talks to raise “up to $400 million at a $1.5
Industrial robotics has in recent years become one of the hottest tech sectors in China as the country encourages the use of advanced technology to enhance efficiency on the production floor. China roundup: Keep down internet upstarts, cultivate hard tech. and Hungary.
Happeo raised $26 million to create an intranet portal for your company to connect employees with all of the apps, Kyle writes. million raise, led by Andreessen Horowitz, which ironically included three companies that all compete with one another. Roe reversal weighs heavily on emerging tech cities in red states. Big Tech Inc.
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.
Voila , a startup building infrastructure for social commerce, is bringing concepts from China’s e-commerce market to the U.S. To date, Voila has raised $7.5 Voila founder Ke Shang first moved from China to the U.S. “But while I was in China, I didn’t waste any time. and China. .”
Shares of Chinese technology companies are selling off at home and abroad this week as the nation’s ties to Russia add to investor uncertainty at the expense of China’s tech industry. On the historical declines point, the NASDAQ Golden Dragon China Index tracks the value of U.S.-listed
One of them was Singapore-based Endowus , which raised two rounds in rapid succession: a Series A in June 2021 followed just seven months later by $25.6 This time it’s $35 million with new investors, including Citi Ventures and MUFG Innovation Partners, bringing the company’s total raised so far to $95 million.
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. and European tech scene. million.
The bans are coming down over concerns that China-based TikTok can be used to spy on its users. Christine and Haje The TechCrunch Top 3 Raise the roof : Continuing to work remotely in 2023 remains a hotly contested issue in today’s workplaces. The venture firm, one of Bain’s 11 financial divisions, has raised $1.9 Big Tech Inc.
It’s now raised a $3 million seed round led by Fly Ventures and solar entrepreneur Nick Boyle, while previous investor Metavallon VC is also participating. Tech investors see bugs as a big business as Ÿnsect raises $125 million. Food waste is also the third-largest emitter of greenhouse gas (GHG) after the US and China.
Faraday Future is going to become a publicly traded company on the Nasdaq stock exchange, and is raising around $1 billion in the process. At the same time, Jia self-exiled himself to the US as he tried to escape massive mounting debts in his home country, China, following the collapse of his tech conglomerate LeEco.
The first is on some former Googlers rallying around their peer Caesar Sengupta, who raised $90 million to scale Arta Finance, a company that will provide individuals similar access to alternative assets that are usually reserved for the ultrawealthy. Big Tech Inc. The TechCrunch Top 3. You can sign up here. Rita has more.
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.
If this bears out, it could be a leading tech story for the week. And a trio of American tech companies raised a raft of capital as last week concluded. And a trio of American tech companies raised a raft of capital as last week concluded. Indian travel service ixigo is going public. Equity is back on Wednesday.
Just short of a year after raising $24 million from backers including DHL, Everstream Analytics, a company that provides predictive insights for physical supply chains, has secured a fresh round of funding. Startups selling supply chain tech continue to attract major investor attention — and dollars. Inflation accelerated.
WeRide, one of China’s most-funded startups developing autonomous driving capabilities, said on Wednesday that it has raised a $200 million strategic round from Chinese bus maker Yutong. Autonomous driving startups in China are racing to showcase their progress, in part to attract funding for their cash-bleeding businesses.
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