Uber is reportedly preparing to sell its Southeast Asia business to Singapore-based Grab for a stake in the company, as per sources familiar with the matter. However, no such deal has been reached yet and the timing of any such deal still remains uncertain. Grab renders private car, motorbike, taxi and carpooling services in over […]

Intellegens, a startup that has been incorporated with the University of Cambridge, has formed its first partnership for the use of the startup’s technology. The new artificial intelligence technology, Alchemite, employs machine learning to provide a new way of analysing matrices and databases for companies. “Alchemite is the first in a series of application specific […]

Jordan-based mobile game startup, Tamatem, has received funds worth $2.5 million in its Series A round. Founded in 2013, the company localises video games, specifically marketing to countries with a large Arabic speaking population, a market which does not receive much attention. Less than one percent of gaming apps are available in Arabic, Tamatem’s Co-founder […]

Microsoft announced that it has acquired the gaming startup, PlayFab, which provides cloud-based tools for game developers. The terms of the deal are yet to be disclosed. The deal is intended to strengthen Microsoft’s position against its main competitor, Amazon Web Services, which introduced a set of tools for game developers around two years ago. […]

Chinese electric car-maker, Xiaopeng Motors, announced that it raised 2.2 billion yuan (approximately $347.74 million) in a funding round led by Chinese e-commerce giant Alibaba Group Holdings Ltd and Foxconn Technology Co Ltd. The round also saw participation from other prominent investors including IDG Capital, GGV Capital, Morningside Venture Capital, and Matrix Partners, stated Alibaba […]