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The company was valued at USD 400 billion for new investors taking stakes in April.

The company’s technology can sort 2,500 products per hour, slashing logistics expenses in an industry with rising labor costs.

Shouqi bills itself as an upscale, exclusive ride provider with government backing and connections.

WalkMe counts more than 30% of Fortune 500 companies as its clients.

Besides Carro, Malaysia’s Carsome is reportedly raising new funding that will lead to a USD 1 billion valuation.

Progcap competes with SoftBank and Alibaba-backed Paytm, Walmart-owned PhonePe, and Coatue Management-backed BharatPe.

Tencent is ramping up investments even as regulators scrutinize big tech.

Southeast Asia battles for top professionals as its digital prominence grows.