How China’s first autonomous driving unicorn Momenta hunts for data

Cao Xudong turned up on the side of the road in jeans and a black T-shirt printed with the word “Momenta,” the name of his startup. Before founding the company — which last year topped $1 billion in valuation to become China’s first autonomous driving “unicorn” — he’d already led an enviable life, but he…

Facebook backs social commerce startup Meesho in first India investment

As Facebook explores ways to generate revenue from WhatsApp, the company is now turning to a startup that already has a lead. The social juggernaut said today it has invested in social-commerce startup Meesho in what is the first time the firm takes equity in an Indian startup. Neither Facebook nor Meesho, which prior to…

India’s Zomato flies drone to deliver food in successful test

Zomato, one of India’s largest food delivery firms, may have figured out a faster way to crawl through dense populated routes: going air with drones. The company, which has expanded its restaurant listing and booking service to about two-dozen markets in recent years, said today it has successfully tested a payload delivery from a hybrid…

Xiaomi’s budget Mi Band wearable now sports a color screen and voice assistant

Xiaomi has refreshed its smart fitness tracker and unveiled a range of other gadgets in China, giving a glimpse at some of its affordable products that it will likely be bringing to other markets in the coming future. The wearable fitness tracker, called Mi Smart Band 4, sports a bigger AMOLED display (39.9% increase in…

Korean hotel platform Yanolja raises $180M at a valuation of over $1B

The travel tech industry has got another unicorn. Following the likes of Airbnb, OYO, Traveloka and Klook, Korea’s Yanolja said today it has closed a $180 million Series D round that takes it valuation beyond $1 billion. The investment is led by GIC, a Singapore sovereign wealth fund, and Booking Holdings, the U.S. firm behind…