Global Startup News

Startup Kaola Up For Acqusition For About US$ 2.1 Billion

Source: Thailand Startup News Sep 05, 2019

Startup Kaola, the crossborder retail platform of NetEase is reportedly to be acquired by Alibaba to the tune of US$2.1 billion. After weeks of rumours speculating in the market, the deal is to be closed shortly before the end of the month. Thailand Startup News was not able to get details nor comments from the spokespersons of Alibaba and NetEase. NetEasewas founded in 1997 by William Din...

WeWork Goes For IPO, But Admits Losses US$1.6 Billion

Source: Thailand Startup News Sep 04, 2019

The office coworking company, WeWork valued at US$47 billion, announced its plans for IPO and already made necessary fillings to the US SEC, starting the countdown to one of the most highly anticipated and potentially scrutinized market debuts of 2019.Many investment experts are however not sure that the results of the IPO would go as planned. WeWork's parent company The We C...

Startup App Zao Gets Restricted In China With Other Countries Planning To Do The Same Due To Security Concerns

Source: Thailand Startup News Sep 03, 2019

The Zao app developed by a division of Momo, one of China’s most popular and successful dating apps, creates videos that replace the faces of celebrities in scenes from popular movies, shows and music videos with a selfie uploaded by the user. The app uses high tech platforms and even AI to create superb videos. Some have termed the term deepfake technology to describe the tech that could re...

Mews, A British Startup Revolutionizing Hotel Operations Gets US$33 Million In Series B Funding

Source: Thailand Startup News Sep 02, 2019

Although technology has brought major changes in almost all sectors of businesses and industries, the traditional hotel business has not changed much. In many modern properties, travellers still use the sign on the door to express the staff that they need privacy. As such Mews, a British-based startup Mews wants to bring a change and revolutionize how hotel functions are performed. Mew's Ric...

Malaysia’s Petronas Collaborates with 500 Startups To Launch Petronas FutureTech Accelerator

Source: Thailand Startup News Aug 31, 2019

Malaysia’s largest oil and gas company, Petronas has announced a collaborative partnership with global investor 500 Startups to launch the first technology accelerator in Malaysia. The project , called Petronas FutureTech, aims to discover and nurture home-grown technology entrepreneurs, scale them up to global standards, as well as build and influence the tech-driven star...

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