UK Approves Amazon for Prime Air Drone Delivery Trial
Amazon is set to participate in a new trial in the United Kingdom to expand the use of drones for commercial deliveries. The country’s Civil Aviation Authority (CAA) announced that…
Alibaba Earnings Fall Short as Cloud Business Shows Growth
Alibaba reported lower-than-expected earnings for the June 2024 quarter, missing both top- and bottom-line expectations as it continues to struggle with challenges in its core e-commerce business. Despite ongoing efforts…
Tencent-Backed Airwallex Reaches $500 Million in Sales, Eyes IPO Readiness
Airwallex, a payments startup backed by Tencent, has reached a significant milestone with an annual revenue run rate of $500 million. CEO and co-founder Jack Zhang revealed the company’s aim…
Tencent’s Profit Soars 82% as Gaming Division Drives Growth
Tencent, the Chinese tech giant, reported an 82% surge in its quarterly profit, driven by accelerated growth in its key gaming division. The company surpassed both revenue and profit expectations…
Singapore’s Syfe Secures $27M to Accelerate Growth in Key Markets
Singapore-based investment platform Syfe has secured $27 million in a Series C funding round to accelerate its growth across the Asia Pacific region, focusing on expanding its services in Singapore,…
Intel Reduces Arm Holdings Investment, Raises $146.7 Million
Intel sold its 1.18 million share stake in British chip designer Arm Holdings during the second quarter, according to a regulatory filing on Tuesday. This sale would have generated approximately…
Antler Secures $72M for Second Southeast Asia Startup Fund
Antler has reinforced its commitment to Southeast Asia with the successful closure of its second regional startup fund, raising $72 million. This fund aims to support early-stage startups in key…
Chinese AV Startup WeRide Prepares for Big U.S. Market Debut
WeRide, a Chinese autonomous vehicle (AV) startup, is actively preparing for its debut on the U.S. stock market. The company has filed with the Securities and Exchange Commission (SEC) to…
Anduril Industries Secures $1.5 Billion in Funding, Now Worth $14 Billion
Anduril Industries, a defense technology start-up, announced a significant milestone on Wednesday, raising $1.5 billion in its Series F funding round. This latest capital influx has elevated the company’s valuation…
New Services Coming to Airbnb: Co-Hosting, Experiences Relaunch and More
Airbnb CEO Brian Chesky announced on Tuesday’s Q2 earnings call that the company will expand its services beyond short-term rentals to include co-hosting, relaunching its “experiences,” guest services, and more.…
Elon Musk’s X Lawsuit Forces GARM to Close, Signaling Potential Industry Shifts
A recent antitrust lawsuit filed by Elon Musk’s X has led to the sudden shutdown of the Global Alliance for Responsible Media (GARM), a key initiative under the World Federation…
Rossmann Cuts Ties with Tesla Over Musk’s Political Stance
European drugstore giant Rossmann announced on Tuesday it will no longer purchase Tesla’s electric vehicles for its fleet, effective immediately. This decision follows Tesla CEO Elon Musk’s public support for…
Tech CEOs Reverse RTO Mandates with Only 3% Requiring Full-Time Office Work
Tech firms have spent the last two years urging workers back into the office, often using layoffs as a threat. Even Zoom shifted back to in-person work last year. However,…
China’s Honor Receives Strong State Backing Ahead of IPO
Chinese smartphone maker Honor is receiving significant support from local government backers as it prepares for an initial public offering (IPO). The former Huawei unit is benefiting from research-and-development funding,…
Intel to Cut 15% of Workforce, Reports Quarterly Guidance Miss
Intel shares fell by up to 20% in extended trading on Thursday, August 1, after the company announced it would lay off over 15% of its workforce. This move is…
Samsung Strike Ends, Workers Return Without New Agreements
Thousands of unionized workers at Samsung Electronics in South Korea returned to work on August 5 after their strike failed to win concessions from the global tech giant. This marked…
Apple Leverages AI for iPhone Upgrades as China Sales Lag
Apple reported better-than-expected third-quarter iPhone sales and forecast further gains, betting on artificial intelligence to attract buyers despite disappointing overall performance in China. Following the announcement, Apple’s shares rose nearly…
India Emerges as Leading Market for Meta AI Usage
Meta’s Chief Financial Officer, Susan Li, highlighted India’s significance as the largest market for Meta AI usage during the company’s second-quarter earnings call. This milestone, achieved just a few months…
Federal Ruling: Amazon Accountable for Dangerous Third-Party Products
The US Consumer Product Safety Commission (CPSC) has ruled that Amazon is legally responsible for recalling hazardous products sold by third-party sellers on its platform. In a unanimous decision, the…
How to Launch a Product Successfully in 10 Steps
You’ve done it. After months (or maybe years) of hard work, your product is finally ready. It’s polished and tested, and you’re confident it’ll make a real difference in people’s…