Business
Amazon to acquire Indian BNPL startup Axio for over US$150M
Amazon is acquiring Indian BNPL startup Axio for over US$150M, strengthening its push into financial services in one of its fastest-growing markets.
Business
Google partners with Indian startup for the world’s largest biochar carbon removal deal
Google partners with Indian startup Varaha in a deal for 100,000 tons of biochar carbon removal credits, promoting sustainable climate solutions.
Business
French startups see stable funding as AI drives growth
France's startup funding remains stable in 2024, with AI driving 27% of investments despite challenges like lower U.K. investments and bankruptcies.
Business
Bioptimus secures US$41M to create groundbreaking AI for biology
French startup Bioptimus raises US$41M to develop AI that simulates biological processes, driving medical, biotech, and cosmetic innovations.
Business
Soul Parking secures Series A extension funding to enhance urban parking in Indonesia
AC Ventures and AppWorks lead funding round, joined by Taiwan Mobile, USPACE, and Wavemaker Ventures
Business
Alibaba sells Sun Art hypermarket chain for US$1.7 billion to refocus on e-commerce
Alibaba sells Sun Art for US$1.7 billion, marking a strategic shift to focus on e-commerce and cloud computing while exiting brick-and-mortar retail.
Business
ByteDance outspends rivals with US$11 billion investment in AI and tech
ByteDance leads China's tech spending with US$11 billion in AI and infrastructure, outpacing rivals and boosting its AI chatbot Doubao.
Business
Lilium halts operations and lays off 1,000 workers after funding struggles
Lilium, a flying taxi company, lays off 1,000 workers and halts operations after struggling to secure VTOL air taxi technology funding.
Business
Apple invests billions in satellite connectivity to enhance iPhone features
Apple invested US$1.5 billion in Globalstar to improve satellite services and enhance iPhone connectivity in areas without cellular coverage.
