Africas top mobile phone seller Transsion to list in Chinese IPO
August 28, 2019

Chinese mobile-phone and device maker Transsion will list in an IPO on Shanghai’s STAR Market, Transsion confirmed to TechCrunch.

The company — which has a robust Africa sales network — could raise up to 3 billion yuan (or Continue reading

How Nuro plans to spend Softbanks $940 million
April 13, 2019

Autonomous delivery startup

A recent patent application details how its R1 self-driving vehicle could carry smaller robots to cross lawns or climb stairs to drop off packages. The company has even taken the step of trademarking the name “Fido” for Continue reading

E-commerce startup Zilingo raises $226M to digitize Asias fashion supply chain
February 26, 2019

If you’re looking for the next unicorn in Southeast Asia, Zilingo might just be it. The 3.5-year-old e-commerce company announced today that it has raised a Series D round worth $226 million to go after the opportunity to digitize Asia’s Continue reading

Vietnam threatens to penalize Facebook for breaking its draconian cybersecurity law
February 7, 2019

Well, that didn’t take long. We’re less than 10 days into 2019 and already Vietnam is aiming threats at Facebook for violating its draconian cybersecurity law, which came into force on January 1.

The U.S. social network stands accused of Continue reading

Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBanks Vision Fund
December 25, 2018

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion Series G round led by the SoftBank megafund and Alibaba.

SoftBank and Alibaba are existing investors in the business — the Chinese Continue reading

Prologis to Acquire DCT Industrial Trust for $8.4 Billion
May 29, 2018

  • DCT CEO Hawkins to serve on board of combined companies
  • Both landlords serve Amazon, other e-commerce tenants

Prologis Inc. agreed to acquire DCT Industrial Trust Inc. for $8.4 billion in stock and assumed debt, making the world’s largest warehouse owner Continue reading

Sainsbury Considers Buying Asda From Walmart
May 27, 2018

  • Combination of U.K. grocers would create rival to Tesco
  • British retailers seek scale amid online, discount competition

J Sainsbury Plc Chief Executive Officer Mike Coupe is fighting back against Amazon.com Inc. and discount grocers with another big takeover bid — Continue reading