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Technology

Kai-Fu Lee’s first Europe bet, WeRide buys a truck startup – 98bmp

Hello and welcome back to 98bmp’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. Despite the geopolitical headwinds for foreign tech firms to enter China, many companies, especially those that find a dependable partner, are still forging ahead. For this week’s roundup, I’m including a conversation I had with Prophesee, a French vision technology startup, […]

todayJuly 25, 2021 3

Technology

Rohlik raises $119M at a $1.2B valuation to grow its 2-hour grocery delivery service in Europe – 98bmp

“Instant” grocery delivery has been a big theme among food startups in Europe, where customers can order from a limited assortment of items and get their purchases packed from “dark stores” and delivered in sometimes as little as 10 or 15 minutes. But today a startup that’s built a much bigger proposition — a virtual supermarket of 17,000+ items that it delivers in as little as two hours — is […]

todayJuly 1, 2021 2

Technology

Another U.S. investor — Activant Capital – is opening an office in Europe as the continent heats up – 98bmp

Earlier this week, we caught up with Steve Sarracino the founder of the growth-equity firm Activant Capital in Greenwich, Conn., We’d last talked with Sarracino back in early April of last year, as people around the world were being forced into their homes by the pandemic, and his firm was just closing its third fund with $257 million in capital commitments. As we learned, Activant, which tends to invest in […]

todayJune 26, 2021 1

Technology

Europe wants to go its own way on digital identity – 98bmp

In its latest ambitious digital policy announcement, the European Union has proposed creating a framework for a “trusted and secure European e-ID” (aka digital identity) — which it said today it wants to be available to all citizens, residents and businesses to make it easer to use a national digital identity to prove who they are in order to access public sector or commercial services regardless of where they are […]

todayJune 4, 2021 2

Technology

Berlin’s Trade Republic nabs $900M led by Sequoia at a $5B valuation to take its neo-broker app across Europe – 98bmp

Consumers are moving into investing to complement — or in some cases, offset — less good returns from things like traditional savings accounts with low interest rates or pensions, and today one of the bigger “neo-brokers” in Europe helping to open up that opportunity is announcing a monster round of funding to fuel its growth. Trade Republic, which lets people buy and sell shares, exchange-traded funds (ETFs), derivatives and most […]

todayMay 20, 2021 2

Technology

Europe charges Apple with antitrust breach, citing Spotify App Store complaint – 98bmp

The European Commission has announced that it’s issued formal antitrust charges against Apple, saying today that its preliminary view is Apple’s app store rules distort competition in the market for music streaming services by raising the costs of competing music streaming app developers. The Commission begun investigating competition concerns related to iOS App Store (and also Apple Pay) last summer. “The Commission takes issue with the mandatory use of Apple’s own […]

todayApril 30, 2021 1

Technology

TikTok calls in outside help with content moderation in Europe – 98bmp

TikTok is bringing in external experts in Europe in fields such as child safety, young people’s mental health and extremism to form a Safety Advisory Council to help it with content moderation in the region. The move, announced today, follows an emergency intervention by Italy’s data protection authority in January — which ordered TikTok to block users it cannot age verify after the death of a girl who was reported […]

todayMarch 2, 2021

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