Accelerators & Incubators
Policy & Regulation
Hong Kong Logistics Unicorn Lalamove Unveils Foray into The US
Lalamove claims it has to date matched more than 7 million users with a pool of over 700,000 delivery partners in 22 markets around the world.
SquadStack Raises $5M in Series A Led by Chiratae Ventures
The startup plans to utilise this fresh round of funding to accelerate product growth and hire product, engineering, and data science talent in the US & India.
Chinese Tiktok Ban Halted by US Federal Judge
Amid the ongoing tussle between the US and China, TikTok has been working with Walmart (NYSE:WMT) and Oracle (NYSE: ORCL) to broker a deal, in a bid to bypass a sanction.
Trump Agrees to China's Tiktok Deal with Oracle And Walmart, Allowing App’S U.S. Operations to Continue
TikTok said it will maintain and expand its headquarters in the U.S., while bringing 25,000 jobs across the country. Trump had said a new company will likely be incorporated in Texas.
Oracle, Walmart, Other US Investors Set to Own Majority Stake in Tiktok Global
The new company, called TikTok Global, will have a majority of American directors and a US chief executive.
Aghaz Raises $400,000 Pre-Seed for Its Islamic Robo-Advisory Platformzubair Naeem Paracha
Aghaz according to the information available on its website will charge $2 per month of subscription fee plus 0.49 percent per year on the investment amount.
Israeli Fintech Company Capitolis Raises $11 Million from Three Financial Powerhouses
The company’s platform helps financial institutions free up capital and remove barriers that would otherwise restrict trading.
In a First, China Has More Companies on Fortune Global 500 List Than The US
Three SOEs – Sinopec Group, China National Petroleum and State Grid – were among the top five companies this year.
Singapore Exchange, Nasdaq Agree to Streamline Dual Listing Process
In a joint statement, SGX RegCo and Nasdaq said the enhanced cooperation agreement will "facilitate the regulatory exchange of information" on issuers that are dual-listed on both exchanges.
Netapp Completes Spot.io Acquisition for $450 Million
NetApp offers hybrid cloud data services for management of applications and data across cloud and on-premises environments and is traded at a company value of $9.5 billion.
National Instruments Acquires Israel-Based Data Analytics Startup OptimalPlus for $365 Million
OptimalPlus develops AI tools for the automotive, semiconductor, and electronics industries that provide real-time product analytics and extract insights from data across the entire supply chain.
Babylon, Rwanda’s Bably’s Parent Firm Leads $30m Round into Higi’s Health Kioks
Babylon’s investment will support the expansion and enhancement of Higi’s station network and further development of its digital capabilities, assessments and programs.
Microsoft to sell AnyVision stake
Although no evidence was found that AnyVision's facial recognition technology is used for mass surveillance in the West Bank, Microsoft will divest from the Israeli startup.
Google Commits $800 Mn Covid-19 Fund To Support SMBs, Healthcare
The tech giant is offering $340 Mn as Google Ads credits to SMBs
SecureMisr acquired by Cysiv, a Trend Micro Group Company
SecureMisr is a leading cyber security services provider, based in Cairo, Egypt and serving clients across the Middle East and Africa.
H&F to Acquire Cybersecurity Startup Checkmarx According to $1.15 Billion Valuation
The American private equity firm is buying Checkmarx from current owner Insight Partners, which acquired it in 2015 for $100 million.
Blackstone in talks to take developer SOHO China private in $4b deal
The price represents an almost 100% premium to the HK$3.03 average price of SOHO China’s shares in January.
Nigerian Fintech Paga Follows Up Acquisition Of Ethiopia’s Apposit With Visa Partnership
Founded in 2009, Paga has created a multi-channel network to transfer money, pay bills, and buy things digitally.
Google scrubs coronavirus misinformation on search, YouTube
Since Covid-19 began to spread, Google has aggressively intervened in some of its most popular online services to limit the spread of misinformation.
Quona Capital closes US$203M round to focus on fintech companies in emerging markets
Quona Capital targets fintech companies in Asia.
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