Fosun Group

With maiden $42M fund, Bonfire Union wants to invest in web3 like Tencent does in Web 2.0

Mask Network, a Binance-backed startup that enables users to send cryptocurrencies and encrypted messages on established internet platforms like Twitter, has an ambitious goal: to become the corporate

Autonomous driving startup DeepRoute.ai prices L4 solution at $10,000

DeepRoute.ai, an autonomous vehicle startup with offices in Shenzhen and Fremont, California, unveiled an ambitious self-driving solution on Wednesday. The package, named DeepRoute-Driver 2.0, is a pr

Alibaba to invest $3.3B to bump its stake in logistics unit Cainiao

Alibaba is doubling down on its logistics affiliate Cainiao, two years after acquiring a majority stake in the firm. The Chinese giant said today it would invest an additional 23.3 billion yuan (about

Online community theAsianparent raises Series C to add e-commerce and expand into new markets

TheAsianparent, Southeast Asia’s largest online community and content platform for mothers with 23.5 million monthly active users, announced today that it has raised a Series C led by Fosun Group, t

Consumers get another digital home health offering as Tyto Care and Best Buy launch TytoHome

Best Buy is partnering with the Israeli technology company Tyto Care to become the official retailer for the company’s all-in-one digital diagnostics kit through its physical stores in Californi

GrubMarket raises $20 million to expand its online farmer’s market

Forget food delivery. Just the organic slice of the grocery delivery business remains competitive in the U.S. with giants from the brick and mortar world, tech titans and upstarts all muscling in for