Ships carrying Iranian crude have long used tactics like changing their flags of registration or switching off their radio signals to avoid detection amid Western sanctions. […]
New Partnership with Groupon Brings Thousands of Peek’s Bookable Activities to Groupon’s Marketplace
CHICAGO–(BUSINESS WIRE)–Today, Groupon (NASDAQ: GRPN), which generated nearly $900 million in gross billings in North America for activities, events and tours in 2017, announced an inventory partnership with Peek, a platform that aims to make booking activities as seamless and straightforward as a restaurant or flight reservation. […]
Chinese Autonomous Driving Firm Momenta Raises New Round At Unicorn Valuation
Momenta, a Chinese autonomous driving technology start-up, has secured a new round of financing at a valuation of over US$1 billion, the company announced last night. This adds another unicorn, a term used to describe private companies worth US$1 billion or more, to China Money Network’s Unicorn Ranking. […]
Cathay-Backed Momenta Becomes China’s First Autonomous Driving Unicorn
October 18, 2018 The autonomous driving company Momenta announced on October 18th that it has completed a new round of financing. The current round mainly comes from leading strategic investors, including Tencent, China Merchants Capital, Guoxin Investment, Oriza Holdings and CCB International. Historic investors such as Good Capital Group or NioCapital also contributed to this […]
Momenta claims China’s first self-driving unicorn title after new round of funding
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Luxury brand Group Shopal completes Series B+ financing round of RMB 200 million
October 24, 2018 Shopal, a platform operating international luxury brands in China, has recently completed a Series B+ financing round of RMB 200 million led by fashion leader Youngor Group, with additional funds from Cathay Capital – which also invested in Shopal in October 2016. The Series B+ financing will support the continued rapid growth […]
Satellites Aid the Chase for Better Information on Oil Supplies
PARIS — In a wing of a massive former bank building here in the French capital, dozens of youthful women and men gather around computer screens. This collection of around 100 mathematicians, software engineers and petroleum analysts are bent on shaking up the opaque world of information on the world energy markets. […]
InsurTech Investor Panel: It’s About Finding Pain Points, Trimming Fat
A panel of insurance investors and market researchers report that investing in insurtech firms has reached an inflection point as investors and insurers build out early ventures and look to new technologies and risk sectors. Register to be notified of new A.M. BestTV episodes. […]
Financial Inclusion- Innovation Meets Social Responsibility
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Insuretech’s real promise: growing the pie
In Silicon Valley, the typical narrative around any innovation follows a similar pattern: [Insert industry] has not changed in [Insert arbitrary large number] years. They are still using [insert choice of antiquated technology: fax machines, excel sheets, mainframe computers] to conduct their business. Therefore, technology startups are poised to disrupt it — with a new approach, […]