Shippit acquires Luwjistik to ramp up regional expansion
Australian logistics tech platform Shippit today announced that it had acquired its Southeast Asian (SEA) counterpart Luwjistik, the company behind the unified API that allows freight forwarders, couriers and third-party logistics companies to connect into network partners globally. The deal is
TikTok owner ByteDance increases price of stock option buyback
ByteDance, TikTok’s Chinese owner, is starting a second stock option buyback for employees this year at a higher price than the previous one. This move aims to motivate staff amid slowing growth and uncertainty over a plan to go public.
Singapore’s klikit raises US$2M to bridge restaurants and creator economy
Singapore-based food delivery software startup klikit has announced the completion of US$2 million in pre-seed funding led by Global Founders Capital and Wavemaker Partners. Gentree Fund, AfterWork Ventures, Reshape Ventures, Nordstar, Pentas Ventures, Uber alumni syndicate Moving Capital, and Gojek Co-Founder
Stellantis, GME Resources seal nickel and cobalt deal for battery production
PARIS — Stellantis has signed a non-binding preliminary settlement with GME Resources to safe provides of nickel and cobalt sulphate for electrical automobile batteries, the 2 corporations stated. The deal marks an extra transfer by the automaker to lock down provides
EU wants to know if Microsoft will block rivals after Activision deal
(reuters) Antitrust investigators are questioning game makers if Microsoft will be incentivized to prevent rivals from accessing “Call of Duty” producer Activision Blizzard’s best-selling titles. By November 8, EU antitrust investigators are expected to issue a preliminary verdict on Microsoft’s proposed
MENA emerges as world’s fastest-growing crypto adopter -study
The Middle East and North Africa are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48 per cent in the year to June, blockchain researcher Chainalysis said in a report on Wednesday. While the
Samsung quarterly profit set to slump 25%, first decline in nearly three years
SEOUL (Reuters) - Samsung Electronics Co Ltd's third-quarter profit could tumble 25%, the first year-on-year decline in nearly three years, as an economic downturn saps demand for electronic devices and the chips that power them. Globally, inflation is on the rise,
Bizbaz raises US$4M in seed funding led by HSBC AM to accelerate product development
Bizbaz, a Singapore-headquartered customer intelligence and risk assessment company, announced that it had closed a US$4 million seed funding round led by HSBC Asset Management (HSBC AM). This round also received investment from Vynn Capital, a Southeast Asian venture capital firm
Prosus terminates $4.7 bln deal to buy BillDesk
AMSTERDAM: Dutch-based technology investor Prosus NV said on Monday its $4.7 billion deal to buy Indian payments platform BillDesk has been terminated, adding that conditions had not been met.In a short statement, Prosus said "certain conditions were not fulfilled" by
Stellantis boss expects chip supply to remain ‘complicated’ until end 2023
The head of carmaker Stellantis , Carlos Tavares, expects the semiconductor supply chain to remain tight until the end of next year, he said in an interview published on Sunday in French newspaper Le Parisien. “The situation will remain very complicated