• Spain’s Glovo inks real-estate tie-up to add more dark stores for speedy urban delivery
    by Natasha Lomas on January 19, 2021 at 10:30 am

    Spain’s Glovo, an on-demand delivery app, has announced a strategic partnership with Swiss-based real estate firm, Stoneweg. The deal will see the latter invest €100M in building and refurbishing “prime city real estate” in some of Glovo’s key markets as the delivery app works to build out its network of dark stores and sign up

  • Qualcomm-backed chipmaker Kneron nails Foxconn funding, deal
    by Rita Liao on January 19, 2021 at 10:00 am

    A startup based out of San Diego and Taipei is quietly nailing fundings and deals from some of the biggest names in electronics. Kneron, which specializes in energy-efficient processors for edge artificial intelligence, just raised a strategic funding round from Taiwan’s manufacturing giant Foxconn and integrated circuit producer Winbond. The deal came a year after

  • Google backs India’s Dunzo in $40 million funding round
    by Manish Singh on January 19, 2021 at 9:57 am

    Google is writing check to another startup in India. The Android-maker, which last year unveiled a $10 billion fund to invest in the world’s second largest internet market, said on Tuesday that it is participating in a $40 million investment round of hyperlocal delivery startup Dunzo, a Bangalore-based firm that it has also previously backed.

  • Health insurance startup Alan launches free medical app Alan Baby
    by Romain Dillet on January 19, 2021 at 9:50 am

    French startup Alan is generating 100% of its revenue from health insurance products — and that isn’t going to change. But the company wants to start a conversation with a bigger use base. Alan is going to launch multiple mobile apps that let you learn more about health topics, contact a doctor and chat with

  • TikTok’s Chinese version Douyin launches an e-wallet
    by Rita Liao on January 19, 2021 at 9:22 am

    Tencent’s WeChat Pay and Alibaba’s affiliate Alipay have long dominated digital payments in China, but they have always faced new challengers. The latest entrant in online payments is Douyin, TikTok’s Chinese version. The short video app recently added “Douyin Pay” to its list of existing payment options, which have included Alipay and WeChat Pay. “The