Human resources tech startup DarwinBox has raised a $15 million Series C funding round, as it aims to scale its platform deeper into the southeast Asian market. The round, led by Salesforce…
Deaths and Self-immolation Prompts China Tech Hours Reckoning
The death of an e-commerce employee in western China has caused an outcry about lengthy working hours at the country’s tech giants – with state media joining the call. On December 29…
Germany’s Auto Giant Switches Focus to China NEV Market
Volkswagen, Germany’s largest company, knows where its future lies. The Wolfsburg-based giant, with quarterly revenues of $69 billion, has committed $91bn to electric vehicles (also shortened to NEVs, or new energy vehicles)…
Germany Blocks China Satellite Buy, Steps Up Corporate Defenses
Last week Germany blocked the sale of a satellite and radar firm to a Chinese state-backed buyer, the latest in a cooling of corporate relations between the two countries. China Aerospace and…
Israeli Tech Funding Booms in Pandemic’s Wake
Israel’s tech industry has received 23% more funding in 2020 than last year, as the world has clamored for its high-tech solutions. The rise, which follows a global boom in tech funding…
Flipkart’s Payments Firm PhonePe in Partial Spin-out, Valued at $5.5bn
Indian e-commerce giant has partially spun-out its mobile payments brand PhonePe, selling a stake in the startup to Walmart. The deal, which makes PhonePe $700 million in primary capital, boosts Bengaluru-based PhonePe’s…
Dyson to Kick Off $3.7bn Tech Spending Spree
British appliances firm Dyson says it will invest an extra £2.75bn ($3.67bn) in new technology over the next five years, as it aims to double the number of products it sells. The…
“Singles Day” Breaks Alibaba Records – But Regulation Knocks Chinese Stocks
Alibaba, the Chinese tech giant, has pulled in record sales figures. Yet not all is rosy for the firm. In previous years “Singles Day”—a Chinese Black Friday—has been measured in 24-hour frames.…
Cellwize Raises $32m Round to Accelerate 5G Adoption
Israeli startup Cellwize has won a $32 million Series B funding round, as it continues its project to accelerate deployment of 5G networks worldwide. The round, led by Intel Capital and Qualcomm…
Big Tech Avoiding Almost $3bn in Developing-World Tax – Report
US tech giants are exploiting tax loopholes to avoid paying billions to the governments of developing nations, according to an NGO report. ActionAid International claims that Facebook, Microsoft and Google parent Alphabet…