Catherine Shu
Writer
The Latest from Catherine Shu
Bluespace.ai, a startup focused on AV technology for mass transit, gets $3.5 million in seed funding
Bluespace.ai, a new autonomous driving startup focused on mass transit, announced today that it has raised $3.5 million in seed funding led by Fusion Fund. Other investors include YouTube co-founder S
Childcare benefits startup Kinside launches with $4 million from investors including Initialized Capital
Childcare is one of the biggest expenses for American parents — and it’s not just families that are taking a hit. Childcare issues cost the United States’ economy an estimated $4.4 billion i
Electric vehicle startup Nio lays off 141 employees at its North American headquarters
Electric vehicle startup Nio is laying off 141 people at its North American headquarters. According to a filing from Employment Development Department of California, the employees at Nio’s San J
Style Theory, a fashion rental startup in Southeast Asia, raises $15 million led by SoftBank Ventures Asia
Style Theory, a platform for renting designer apparel in Indonesia and Singapore, announced today it has raised $15 million in Series B funding. The startup says this is the first closing of the round
Huawei sues FCC over ‘unconstitutional’ ban on the use of federal subsidies to buy its equipment
Huawei said today it is suing the Federal Communications Commission, asking to overturn a ban on carriers from using money from the Universal Service Fund (USF) to buy equipment from Huawei and ZTE. T
Korean e-commerce leader Coupang hires Alberto Fornaro as its new chief financial officer
Korean e-commerce giant Coupang has a new chief financial officer. The company announced today that it has hired Alberto Fornaro, who previously served the same role at International Gaming Technology
Billie Eilish, Lizzo and Lil Nas X are the winners of the first Apple Music Awards
Apple now has its own music awards, with winners picked by Apple Music’s editorial team or based on streaming data from the service. The first recipient of its top award, Global Artist of the Ye
TikTok apologizes for removing viral video about abuses against Uighurs, blames a “human moderation error”
TikTok has issued a public apology to a teenager who had her account suspended shortly after posting a video that asked viewers to research the persecution of Uighur people and other Muslim groups in
Alibaba’s shares climb almost 8% in their first morning of trading on the Hong Kong stock exchange
Alibaba share price increased as much as 7.7% during its first morning of trading on the Hong Kong Stock Exchange. Soon after the market opened, the shares climbed from their listing price of HKD $176
Anti-money laundering software startup TookiTaki raises $11.7 million in additional Series A funding
TookiTaki, a startup that develops machine learning-based financial compliance software, announced today it has raised a $11.7 million in additional Series A funding, led by Viola Fintech and SIG Asia
Leaked Chinese government documents detail how tech is used to escalate the persecution of Uighurs
In less than two weeks, two major reports have been published that contain leaked Chinese government documents about the persecution of Uighurs and other Muslim minorities in China. Details include th
Lucence raises $20 million Series A for its non-invasive cancer screening technology
Lucence Diagnostics, a genomic medicine startup that develops non-invasive tests for cancer screening, announced today that it has raised a $20 million Series A led by IHH Healthcare, one of the world
Robotics startup Picnic, known for its automated pizza assembly system, raises $5 million
Picnic, a robotics startup that focuses on food production, announced today that it has raised $5 million in additional seed funding. The new round was led by Creative Ventures, with participation fro
New York State Attorney General reportedly investigating WeWork
WeWork is reportedly being investigated by the New York State Attorney General. According to Reuters, the NYAG’s questions include if WeWork founder and former CEO Adam Neumann engaged in self-deali
Yahoo Japan and Line Corp. confirm merger agreement
SoftBank Corp. announced today that it has reached an agreement to merge with Z Holdings (the SoftBank subsidiary formerly known as Yahoo Japan) and Line Corp., in a move they hope will better positio
Twitter suspends accounts affiliated with Hamas and Hezbollah
Updated with statements from Quds News Network and Twitter . Twitter suspended accounts associated with Hamas and Hezbollah over the weekend after being repeatedly asked to do so by a bipartisan gro
Japanese instant-credit provider Paidy raises $143 million from investors, including PayPal Ventures
Paidy, a Japanese financial tech startup that provides instant credit to consumers in Japan, announced today that it has raised a total of $143 million in new financing. This includes an $83 million S
Field management software startup Workiz raises $5 million Series A
Workiz, a startup whose software helps field service professionals manage their work, said today it has raised $5 million in Series A funding. The funding was led by Magenta Venture Partners, with par
As Juul announces mass layoffs, a new lawsuit alleges it shipped a million contaminated pods
A lawsuit filed a by former Juul executive alleges that the company knew a batch of contaminated e-liquid had been used in about one million pods shipped to retailers earlier this year, but did not in
Market research platform Milieu Insight raises $2.4 million to launch in more Southeast Asian countries
Milieu Insight, a Singapore-based market research and data platform, announced today that it has raised $2.4 million in pre-A funding. The round, led by MassMutual Ventures Southeast Asia, will be use