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Retirement—that stage of life when you can step away from work and spend time with family, friends, and pursuits, relying on our savings and retirement plans to finance the daily…

In 2018, Nelson Chu founded Percent with the goal of bringing investors, borrowers and underwriters together to modernize private credit. Seeing an opportunity to tackle the lack of risk management in the market, Chu created a marketplace that enables investors — specifically accredited retail investors — to participate in private credit. It’s been a success […]

Percent lands $30M investment to connect investors with private credit by Kyle Wiggers originally published on TechCrunch

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As large language models from Western tech firms show the potential to disrupt everything from marketing, teaching, to coding, China is rushing to cultivate its home-grown AI pioneers by stepping up state support. Beijing is now seeking public opinion on a draft policy aimed at developing artificial general intelligence, or AGI, a category of AI […]

Beijing calls on cloud providers to support AI firms by Rita Liao originally published on TechCrunch

Founders of Lifelong Online have acquired the majority ownership and control in the Indian house of brands from Thrasio in what appears to be a retreat for the “Amazon aggregator” from the key overseas market. Existing investors, Tanglin Venture Partners and Hero Enterprise Partner Ventures, also increased their ownership in Lifelong Online. Thrasio will continue […]

Thrasio cuts stake, loses control in Indian house of brands in likely market retreat by Manish Singh originally published on TechCrunch

India’s Swiggy said on Thursday that its food delivery business has become profitable, eclipsing its publicly-listed rival Zomato on another key metric a day before the firm is set to report its quarterly earnings. The Bengaluru-headquartered startup — which counts Prosus Ventures, SoftBank and Invesco among its backers — became profitable in March this year, […]

Swiggy’s food delivery business reaches profitability by Manish Singh originally published on TechCrunch

Apple launched its online Apple Store in Vietnam on Thursday, expanding its business in what is quickly becoming a key overseas market for the iPhone-maker. People in the country can now shop Apple products directly from the site and have it delivered to them across the South Asian country.  An online store will also allow […]

Apple launches its online store in Vietnam by Ivan Mehta originally published on TechCrunch

A new AI-powered obit writer named ‘Grace’ writes ‘heartfelt’ remembrances so you don’t have to.

Montana Governor Greg Gianforte just signed the nation’s strongest restrictions on Chinese-owned social media app TikTok into law. TikTok has faced mounting pressure in the U.S. from Congress and state legislatures alike in recent months, but Montana’s actions escalate those threats considerably, even if the issue of enforcement remains an open question. To protect Montanans’ […]

Montana just banned TikTok by Taylor Hatmaker originally published on TechCrunch

The businesses that win are those with teams playing more advisory roles in client and customer relationships.