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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

Chinese e-commerce giant JD.com has started quietly piloting its cross-border platform Joybuy in the UK, marking its push into the European market. 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

Chinas Li Auto has established after-sales and service centers in several Middle Eastern countries and set up an independent department to oversee its efforts to boost its international expansion. billion) in 2024, dragging its shares on the Nasdaq down more than 4% as of market close on March 14.

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Vertical farming startup Infarm raises $200M for international expansion

TechCrunch

” Much of the funding will go toward Infarm’s international expansion plans, with sights set on the U.S., The company is also set to spread into more Asia-Pacific markets and the Middle East. In 2018, Crop One announced a 130,000-square-foot farming facility set to open in the UAE. The Bowery Farming TC-1.

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Chinese EV maker Hozon moves into UAE market

TechNode

EIH Automotive&Trading is a subsidiary of investment conglomerate Ethmar International Holding (EIH), chaired by Sheikh Hamdan bin Mohammed bin Zayed al Nahyan, a son of the countrys founding sultan, according to its website. Geely-affiliated Zeekr signed sales agreements with partners in UAE, Saudi Arabia, Qatar and Bahrain last month.

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Korea’s Riiid raises $175M from SoftBank to expand its AI-based learning platform to global markets

TechCrunch

The funding is coming at a high-watermark moment for edtech — with the shift to remote learning in the last year of pandemic living highlighting the opportunity to build better tools to serve that market, and a number of startups in the category subsequently raising hundreds of millions of dollars to tackle the opportunity.

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The First AI Center of Excellence Announced in the United Arab Emirates – Powered by DataRobot

DataRobot

We’ve had a busy few months in the Middle East and Northern Africa (MENA) building great relationships with important customers in the region and working closely with critical partners that will act as managed service providers helping us as we bring the value of AI to that market. Why DataRobot?

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Silkhaus gets $7.75M to digitize short-term rentals across emerging markets

TechCrunch

A few international family offices and proptech founders also joined this round. . CEO Aahan Bhojani and Ashmin Varma founded Silkhaus last year after identifying a $13 billion market opportunity for asset owners across emerging markets, particularly MENA, South Asia and Southeast Asia. That’s where Silkhaus comes in.

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