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China’s JD.com pilots cross-border platform Joybuy in London as it takes on Temu in UK’s $163 billion e-commerce market

TechNode

Why it matters: JD.com began its globalization journey early, but has struggled to secure a leading position due to a lack of strategic focus. The move signals JDs ambitions to capture a slice of the UKs 127 billion ($163 billion) retail e-commerce market in 2024 the third-largest globally.

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Li Auto says it will push for “major overseas growth” this year

TechNode

Global growth is among the key pillars underpinning the electric vehicle makers goals of maintaining sales momentum in 2025, chief executive Li Xiang told investors on March 14.

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Omniful, a supply chain and e-commerce enablement startup, emerges from stealth with $5.85M

TechCrunch

million seed funding led by VentureSouq, with participation from 500 Global, DASH Ventures, Jahez Group, SEEDRA Ventures, Bunat Ventures, Hala Ventures, RZM Investments and several family offices including Al Rasheed, Siraj Holding, Al Bawardi, Al Nafea. The UAE and Kingdom of […] © 2023 TechCrunch. All rights reserved.

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Saudi Arabia and UAE invest in thousands of Nvidia chips, aiming to become global AI powerhouses

TechSpot

The Financial Times reports that Saudi Arabia has bought at least 3,000 Nvidia H100 GPUs, which Nvidia CEO Jensen Huang calls the first chip designed for generative AI. With its 14,592 CUDA cores, 80GB of HBM3 capacity, and 5,120-bit memory bus, it's priced at a massive $40,000. Read Entire Article

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Airspace Link’s drone tracking platform gathers government customers before going global

TechCrunch

but global expansion is the main reason we pulled the capital up. Multiple countries want things like this and drone companies are going global too,” he continued. As an example he suggested the UAE, where after years of lax drone regulations the country suddenly forbade all drone operations a few months ago pending new policies.

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Zenda gets $9.4M to streamline school fee payment and management

TechCrunch

Zenda , a UAE-based startup looking to change how parents pay school bills, and the way educational institutions manage fee collection, is eyeing Africa as its next frontier for growth. Among the investors that took part in the seed round were STV, COTU Ventures, Global Founders Capital and VentureSouq.

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Nomod raises $3.4M seed to allow merchants accept payments without hardware

TechCrunch

One, most of them are excluded from various payment ecosystems globally due to their size, and two, getting hardware from providers can be expensive. . This suite of services is essential in the primary markets in which Nomod is aiming to build a significant merchant base, like Saudi Arabia, the UAE and Bangladesh. Australia and Asia.