The company was valued at USD 400 billion for new investors taking stakes in April. NewsTikTok creator ByteDance edges up to USD 425 billion valuation on gray market2 mins read
The company’s technology can sort 2,500 products per hour, slashing logistics expenses in an industry with rising labor costs. NewsProton Robotics nets fresh funds for warehouse automation solutions2 mins read
Open banking initiatives benefit “embedded fintech” solutions that are set to grow into a USD 3.6 trillion market, according to Bain Capital. InsightsSingapore is laying the groundwork to snatch a piece of fintech’s multi-trillion-dollar industry4 mins read
Shouqi bills itself as an upscale, exclusive ride provider with government backing and connections. NewsAnother ride provider in China is castigated for poor passenger protection2 mins read
The beauty-focused social commerce platform has over 4,500 active resellers that carry beauty products, mostly from Japan and Korea, for Indonesian customers. InsightsRaena is an entry point for dropshipping beauty products in Indonesia | Startup Stories6 mins read
What does it take to make an outstanding car? NewslettersDaily Digest | Electric vehicle overload2 mins read
WalkMe counts more than 30% of Fortune 500 companies as its clients. NewsIsraeli-founded software firm WalkMe files for IPO at USD 2.5 billion valuation2 mins read
Besides Carro, Malaysia’s Carsome is reportedly raising new funding that will lead to a USD 1 billion valuation. NewsCarro’s unicorn status intensifies competition between Southeast Asia’s car marketplaces4 mins read
Progcap competes with SoftBank and Alibaba-backed Paytm, Walmart-owned PhonePe, and Coatue Management-backed BharatPe. NewsTiger Global and Sequoia India lead USD 25 million round in lending startup Progcap2 mins read
Tencent is ramping up investments even as regulators scrutinize big tech. NewsTencent stakes its future on ‘Penguin Island’ global headquarters2 mins read