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Eduardo Saverin, co-founder and the first investor of Facebook Inc., and Toivo Annus, CTO and co-founder of Skype, are also its backers. 

The rapid rise of Miniso’s brick-and-mortar store concept goes against the current e-commerce trend, and it also draws backlash from Muji and Uniqlo accusing it of counterfeiting.

The firm will partner with Vietnam’s Tiki, Singapore’s Qoo10, Indonesia’s Blibli, and Malaysia’s Youbeli to offer Taiwanese products to Southeast Asian consumers.

EV maker plans for in-house production to outstrip its supply from Japanese partner.

WORQ will use the funds to double its space under management to meet the goal of one million square feet in 5 years, through expansion of current outlets and acquisitions of other loss-making spaces.

India’s new foreign investment policy forces both local startups and Chinese investors to adapt amid an uncertain moment.

TuSimple and Traton will be testing Scania Level 4 trucks on a route between Södertälje and Jönköping in Sweden.

Altara already invested in digital bank Tonik, fintech startup Stashfin, and AI firm Senseye.

Although restaurants have been operational for the last three months, consumers have largely stayed away from eating out.

This new move comes after Best launched express delivery services within Malaysia in July, following fast growth in Thailand and Vietnam.