article thumbnail

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

TechNode

The Chinese EV maker said it established directly operated service centers in Kazakhstan, Uzbekistan, and the United Arab Emirates (UAE) last year, followed by the opening of its first overseas research and development center in Munich in January, TechNode reported.

article thumbnail

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

As of mid-2024, the company operates nearly 100 bonded, direct-mail, and overseas warehouses globally, covering nearly 1 million square meters across key markets including the US, UK, Germany, France, Vietnam, and the UAE. JD has been ramping up its local presence in Europe.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

China’s Baidu could launch commercial self-driving taxi service in UAE: report

TechNode

Chinese tech giant Baidu is considering deploying its autonomous ride-hailing service in the United Arab Emirates and has been in discussions with the local government, people with knowledge of the matter told the Wall Street Journal on Wednesday.

UAE 71
article thumbnail

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 ]

UAE 52
article thumbnail

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

TechCrunch

That has accelerated card acceptance –– with 90% card acceptance rates in the UAE and Saudi Arabia by some estimates — in the region. It is gearing up to formally launch in the UAE and Saudi Arabia in the coming weeks. and the UAE. Egypt’s Paymob closes $18.5M Series A to expand payments services across MENA.

article thumbnail

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. In the local market, Stake’s closest competitor is SmartCrowd, which raised a $3 million bridge round in June.

article thumbnail

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

TechCrunch

The plan for the company is to provide merchants with access to accounts, cards, local payment networks and lending. 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.