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On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn
Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the unicorn club. Founded in 2013 by Stanford graduate Shing Chow, Lalamove provides logistics and delivery services in a similar style to ride-hailing apps like Uber […]
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Alibabas Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M
Ant Financial, the financial services behemoth affiliated with Chinese e-commerce giant Alibaba, has made its first big move into Europe. It’s acquired London-headquartered payments company WorldFirst in a deal that sources tell us is valued at around $700 million. (That price would also line up with multiple reports from December claiming the two were in […]
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Investors are still failing to back founders from diverse backgrounds
The large majority of venture dollars are invested in companies run by white men with a university degree, according to a new report by RateMyInvestor and Diversity VC. This new data reveals that despite the lip service investors have paid to backing founders from diverse backgrounds, much, much, more work needs to be done to actually […]
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How to prepare for an investment apocalypse
Micah Rosenbloom Read more: https://techcrunch.com/2019/02/08/how-to-prepare-for-an-investment-apocalypse/
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How business-to-business startups reduce inequality
Sibjeet Mahapatra Source: Getty Images/MIKIEKWOODS A path to equal opportunity: Turning fixed costs into variable costs What do AWS, WeWork, Stord, Gusto and RocketLawyer have in common? They provide cloud computing services, office space, warehouse storage, payroll management and access to legal templates, respectively — at first glance, not a particularly congruent set of services. But they are alike in the economic […]
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Starting with data centers, Carbon Relay is slashing energy costs and emissions using AI
Taiwanese technology giant Foxconn International is backing Carbon Relay, a Boston-based startup emerging from stealth today that’s harnessing the algorithms used by companies like Facebook and Google for artificial intelligence to curb greenhouse gas emissions in the technology industry’s own backyard — the data center. Already, the computing demands of the technology industry are responsible […]