Mexico's first unicorn was born after Pakistan banned TikTok
Large companies
Epic loses again: Judge rules Apple can take down 'Night of the Fort'
A federal judge in Oakland, California, on Monday rejected Epic's preliminary injunction request, which would have required Apple to reinstable Fort Night's access to the App Store and allow Epic to use the autonomous payment option. In August, Epic added a direct payment option to Fortress Night, bypassing Apple's payment system and causing Apple to take Fortress Night off the shelves. It was Epic's second setback in its lawsuit against Apple. (Phoenix Technology)
Google wants to turn YouTube into a shopping platform, challenging Amazon and Ali
9 (UPI) -- Google will reportedly turn its video site, YouTube, into a shopping platform. YouTube recently began asking creators to use YouTube software to tag and track products in their videos. The data will then be linked to Google's analytics and shopping tools.
In response, a YouTube spokesman confirmed that the company was testing the features on a limited number of video channels and that creators would have control over the products displayed. But analysts say the moves could turn YouTube from an advertising giant into an e-commerce giant and a new competitor to leading e-commerce companies such as Amazon and Alibaba. (Sina Technology)
For the first time in five years, the U.S. regiment's grade level has been adjusted and flattened
10 news, the United States Mission on the afternoon of the 9th in the net issued a full letter, to inform the latest grade system adjustment: from the beginning of 2021, the United States Mission will implement a new "flat grade, broadband compensation" system, the original "M-P" double-level line, "1-2 to 3-3" and other professional sequences were canceled, replaced by the "L-plus number" named single-level line. At the same time, the United States Mission announced that the original promotion window, from spring/autumn twice a year, to spring once. (36 x)
LaRa officially entered the U.S. market
On October 9th Lalamove, an on-demand logistics service active in China, Southeast Asia and Latin America, officially entered the United States. The Hong Kong,000-based company made its debut in the Dallas-Fort Worth metropolitan area, a major distribution and logistics center in the United States that will open in Chicago and Houston in the future.
In China, the cargo pull is mainly used as an intermediary between a network of shippers and truck drivers who need to send goods. In Southeast Asia, the business functions similarly, but adds to the business of delivering meals to restaurants. In the U.S., its teams of cars, SUVs and pickup trucks are available 24 hours a day, making it a target for customers across restaurants, retail, e-commerce, manufacturing and construction, starting at $8.90. (TechCrunch)
India
Chargebee was financed by a $55 million investment led by Insight Partners
6 (UPI) -- Chagebee, which helps companies build and manage bills, subscriptions, revenue operations and compliance, said it raised $55 million in a new round of F-round financing because it wants to accelerate expansion in global markets. The Chennai-based company's new round of financing is led by Insight Partners, with existing investors Steadview Capital and Tiger Global. The nine-year-old start-up has raised $105 million so far. (Inc42)
South-East Asia
Indonesian education start-up Codemi has been funded by seed wheels
9 (UPI) -- Codemi, an Indonesian education technology start-up, said it has raised an unannoled seed round from Init 6, a fund founded by Achmad Zaky, founder and former head of Bukalapak. Headquartered in Jakarta, Codemi's cloud-based learning management platform provides projects and resources to help employees improve their skills. Features include online testing and training, course catalog selection, learning rewards, and more. (Tech in Asia)
Lanturn received $3 million to provide online corporate services to Singapore companies
Lanturn, a Singapore-based one-stop online enterprise services start-up, announced on Wednesday that it had raised $3m in seed round financing, with investors including East Ventures and CoCoon Ignite Ventures in Hong Kong, China. The funds will be used to strengthen Lanturn's corporate services and accounting practices, continue to develop the Zave Enterprise Services platform, and develop new services.
Founded in 2018, Lanturn provides cloud business services such as accounting and tax, company secretarial, mergers, virtual CFOs, immigration and visa applications. Its clients include early-stage technology companies, small and medium-sized enterprises and singapore-based private equity firms, venture capital firms and venture debt funds. (e27)
Other
Kavak, a softbank-invested second-hand car start-up, became Mexico's first unicorn company
Kavak, SoftBank's second-hand car platform, was valued at $1.15 billion in its latest round of financing in September, chief executive Carlos Garcia said. Kavak has become Mexico's first tech unicorn. The Mexico City-based start-up has raised more than $400m since it was founded four years ago, with SoftBank of Japan, DST Global of Hong Kong and Greenoaks Capital of the US leading the latest round of funding. (Reuters)
Pakistan blocks TikTok, calling its content "immoral and indecent"
10 news, Pakistan's telecommunications regulator on the 9th local time blocked TikTok, because of the failure to filter out "immoral and indecent" content. Pakistan's Telecommunications Authority (PTA) said the ban was in response to "complaints from different segments of society about unethical and indecent content in the video-sharing app".
The PTA said it would review its ban, but only if TikTok had a satisfactory mechanism to control illegal content. TikTok said it was "committed to complying with the law in the market that provides the app." (TechCrunch)
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