Real driverless cars are now legal in China’s tech hub Shenzhen

There are plenty of autonomous driving vehicles testing on the roads of Shenzhen today: Pony.ai, Baidu, DeepRoute, AutoX, you name it. But these vehicles are not really the unmanned... Read more »

The Station: Executive upheaval at VW Group and the tale of two Tesla earnings

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back... Read more »

Egyptian B2B e-commerce platform Cartona raises $12M to scale and explore new verticals

Startups that solve the supply-chain and operational challenges of players in the fast-moving consumer goods (FMCG) industry–by helping buyers access products from sellers on a single platform–keep attracting venture... Read more »

Seedstars launches second fund to invest in 100 startups in emerging markets

Seedstars’ portfolio founders Since its launch nine years ago, Seedstars has invested in 81 companies in over 30 emerging countries. Now it’s set a goal of investing in 100... Read more »

BAI Capital targets China’s globalizing startups with fresh $700M fund

BAI Capital, the storied China-focused venture investment firm that was formerly known as Bertelsmann Asia Investments, has raised $700 million to back Chinese companies that are part of the... Read more »

Zomato drops 14% to record low as lock-in period ends

Shares of Indian food delivery firm Zomato dropped as much as 14.3% on Monday to a record low after the end of the lock-in period for investors who had... Read more »

HR automation platform Omni wants to be the ‘Rippling of Southeast Asia’

Omni wants to be the human resources platform to rule them all—or at least all HR-related tasks. The software enables HR teams to digitize employee records, automate administrative tasks... Read more »

Cruise starts mapping Dubai’s streets in prep for 2023 robotaxi launch

Cruise is making good on its promise to launch an autonomous driving service in Dubai. Just a few weeks after the General Motors-backed AV company officially launched its commercial... Read more »

Every startup wants an extension round, but there aren’t enough to go around

As venture funding continues to slow, founders are scrambling to extend their runways, regardless of how much cash they already have in the bank. But the startups that need... Read more »

Roblox beefs up its developer tools as it looks to a future beyond games

When I spoke to Roblox in 2020, the company was in the midst of rebuilding its entire underlying infrastructure. It had been running into issues with downtime due to... Read more »
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