Accelerators & Incubators
Policy & Regulation
Walmart Partners With TikTok to Sell Merchandise While Livestreaming
The world's largest retailer's planned investment in TikTok will help it engage with younger audience and supercharge its battle against Amazon.com Inc
US Approves Delisting Bill Targeting Chinese Companies
Currently, more than 250 Chinese companies are listed on US bourses with the combined market capitalization surpassing USD 2 trillion, the Wall Street Journal wrote, citing S&P Global Market Intelligence.
500 Startups Launches Angkor 500 to Accelerate The Developmentof Cambodian Startups
Partnering with Khmer Enterprise, Angkor 500 will seek to support entrepreneurs in their efforts to establish startups and aid in their regional expansion plans.
WhatsApp Gets Approval to Launch Payments Feature in India
WhatsApp, which has over 400 million users in India, its biggest market, will compete with Alphabet Inc’s Google Pay, Softbank- and Alibaba-backed Paytm and Walmart’s PhonePe.
Hustle Fund II Hits First Close at US$30M; to Invest in Pre-Seed Startups in SEA, US
On average, Hustle Fund cuts a cheque of US$25,000 per startup in startups with a minimum viable product (MVP).
Delhi-Based HR-Tech Startup Leena AI Raises $8 Mn in Series A
Leena AI is used by over 3,00,000 employees worldwide, of which 1,50,000 have been onboarded in the last nine months.
US-Based Eat Just, Proterra Invest $120m in Plant-Based Protein Facility in Singapore
The firms said that in addition to the JUST Egg protein partnership, they will expand their alliance to focus on the commercial production of cultured meat.
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.
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