Online grocery startup Kurly scraps IPO amid market uncertainty

January 4, 2023

Kurly, a South Korean startup that provides next-day grocery delivery service, just announced that it has called off its plan to go public amid worsening economic situations that have put startups’ market debuts on hold. “We have decided to postpone listing on the Korea Exchange (KOSPI), considering market sentiment remained weak amid the global market […]

Online grocery startup Kurly scraps IPO amid market uncertainty by Kate Park originally published on TechCrunch

Chinese chips will keep powering your everyday life

January 4, 2023
China Report is MIT Technology Review’s newsletter about technology developments in China. Sign up to receive it in your inbox every Tuesday. What’s better to do at this time than to indulge in some predictions for 2023? This morning, I published a story in MIT Technology Review’s “What’s Next in Tech” series, looking at what will happen…

What’s next for batteries

January 4, 2023
Every year the world runs more and more on batteries. Electric vehicles passed 10% of global vehicle sales in 2022, and they’re on track to reach 30% by the end of this decade.  Policies around the world are only going to accelerate this growth: recent climate legislation in the US is pumping billions into battery…

Twitter goes down for many in Australia, users say

January 4, 2023

Twitter users in Australia and New Zealand have been facing issues accessing the service for over 12 hours, they say, as the Elon Musk-owned social network continues to grapple with reliability challenges amid cost-cutting measures. The outage began at around 2 p.m. Pacific Time Tuesday, according to user tweets and DownDetector (Australia and New Zealand), […]

Twitter goes down for many in Australia, users say by Manish Singh originally published on TechCrunch

Snaptrude gets VC backing to take on Autodesk in building design space

January 4, 2023

Snaptrude, a young startup, is attempting to disrupt Autodesk in the building design space, giving customers modern and broader sets of features at more affordable cost. The early progress by the New York City-headquartered firm has helped it court thousands of customers and now, a seed funding. The startup — which has raised $6.6 million […]

Snaptrude gets VC backing to take on Autodesk in building design space by Jagmeet Singh originally published on TechCrunch

Singapore-based AlterPacks turns food waste into food containers

January 4, 2023

Food waste and food packaging take up a significant portion of the world’s landfills. AlterPacks is tackling both issues with technology that turns food waste into takeout boxes and other containers. The Singapore-based startup has raised $1 million in pre-seed funding led by Plug and Play APAC and Seed Capital, with participation from Earth Venture […]

Singapore-based AlterPacks turns food waste into food containers by Catherine Shu originally published on TechCrunch

Twitter is set to reverse the political ad ban to bolster up its revenue

January 4, 2023

Twitter said Monday that it plans to lift the ban on political ads in the “coming weeks.” The company originally enforced the ban back in 2019. At that time, it said that “political message reach should be earned, not bought.” Twitter charted a different path from other social networks like Facebook and Instagram, which allowed […]

Twitter is set to reverse the political ad ban to bolster up its revenue by Ivan Mehta originally published on TechCrunch

This is Chrysler’s vision for your future car cabin

January 4, 2023

One year ago at CES in Las Vegas, Stellantis showed the world what a Chrysler EV might look like — a transformation that will occur by 2028 when it becomes an all-electric brand. Now, we’re getting a peek at the company’s vision for future car cabins. The upshot? Chrysler, the 97-year-old brand under global automaker […]

This is Chrysler’s vision for your future car cabin by Kirsten Korosec originally published on TechCrunch

India’s crypto tax pushing traders to foreign exchanges

January 4, 2023

India’s tax rules on crypto, which went into effect last April, has resulted in local exchanges ceding the lion’s share of the market to those operated by foreign players, according to a new report. Binance, Coinbase and other foreign exchanges commanded 67.6% of the crypto market share in India as of October 2022, up from […]

India’s crypto tax pushing traders to foreign exchanges by Manish Singh originally published on TechCrunch