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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

Li said many experienced personnel had been moved into the new team early this year, adding that the company is confident it will make significant progress in the overseas market this year. billion) in 2024, dragging its shares on the Nasdaq down more than 4% as of market close on March 14.

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Chinese EV maker Hozon moves into UAE market

TechNode

The news comes months after rival BYDs compact crossover Atto 3 arrived in UAE via an alliance with local dealership Al-Futtaim in June. Geely-affiliated Zeekr signed sales agreements with partners in UAE, Saudi Arabia, Qatar and Bahrain last month. TechNode reporting , Caixin, in Chinese ]

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

TechCrunch

Micro and small businesses in emerging markets still struggle to access digital payments for several reasons. The plan for the company is to provide merchants with access to accounts, cards, local payment networks and lending. In the UAE, it can take nearly six months to set up a business bank account.

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Pluto lands funding from corporate spend giants to build ‘Ramp for the Middle East’

TechCrunch

the corporate spend space is getting increasingly competitive, with several startups clamoring to gain market share. But in the Middle East, the market is far less crowded. That has accelerated card acceptance –– with 90% card acceptance rates in the UAE and Saudi Arabia by some estimates — in the region. and the UAE.

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Dubai-based Stake raises $8 million to let people across the globe invest in local properties

TechCrunch

While we have users from many countries on the site, folks from UAE, Saudi Arabia, Kuwait, the UK, and India are our top five investor bases,” Tabbara said. All properties usually have an investment term of five periods, but a house’s value goes up 30% in the market, and the investors can vote to sell it.

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SoftBank-backed Korean edtech startup Riiid acquires Langoo, expands in Japan  

TechCrunch

“The exceptional capacity of Langoo in its local business with Riiid Tutor was the main reason for this acquisition,” said co-founder and CEO of Riiid YJ Jang. By leveraging this investment, we will capture broader Japanese market opportunities. The company expects to address local remote learning and education in the market.

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