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Belgian ranked cycling kicks into high gear with €22m and aims to rethink ebike riding

Classified Cycling, which hails from the same country that produced the greatest cyclist the world has ever known, Eddie Merckx, has secured €22 mil

Classified Cycling, which hails from the same country that produced the greatest cyclist the world has ever known, Eddie Merckx, has secured €22 million in a funding round led by Active Partners, which also included the participation of a number of highly respected Olympiads and World Champion cyclists such as Tom Boonen, Anna Van der Breggen, Andre Greipel, and Marcel Kittel. Classified intends to use the investment to accelerate new product development, including the companys first foray into ebikes, expand the team, and establish new commercial and strategic partnerships globally, with a focus on both European and US markets. Read More..

B2B Tech News | 3 years ago        

Smartphone recommerce startup Badili raises $2.1M in preseed funding

Badili, a smartphone recommerce firm located in Kenya, has acquired $2.1 million in preseed capital. The corporation intends to expand operations in K

Badili, a smartphone recommerce firm located in Kenya, has acquired $2.1 million in preseed capital. The corporation intends to expand operations in Kenya, Uganda, and Tanzania. It handles tradeins and buybacks for major OEMs and phone dealers. Badili is entering the rapidly expanding refurbished and used mobile phone market, which is anticipated to reach $146 billion by 2030. It calculates the value of the gadget using its price estimating algorithm, which takes into consideration a variety of characteristics such as the phones age and model. Read More..

B2B Tech News | 3 years ago        

Iterative launches its second startup fund in Southeast Asia

A Singaporebased venture capital firm that operates a YCstyle accelerator programme announced today that it has raised $55 million for its Fund II. It

A Singaporebased venture capital firm that operates a YCstyle accelerator programme announced today that it has raised $55 million for its Fund II. Its portfolio companies have raised $163 million in additional capital and are valued a total of $1.2 billion. According to Ma, Southeast Asian businesses benefit from strong potential and reasonable valuations. The digital economy of Southeast Asia is estimated to surpass $200 billion this year. Over the next three years, Vietnams online GMV is expected to more than double. Southeast Asia, according to Google, Temasek, and Bain & Company, is less affected by global economic patterns. Read More..

B2B Tech News | 3 years ago        

CEFC is providing $70 million for the T3 Collingwood timberframed skyscraper in Melbourne

In 2019, Hines bought the 2,120 square metre property at 36 Wellington St. Collingwood. It intends to build a 15story, primegrade office tower using t

In 2019, Hines bought the 2,120 square metre property at 36 Wellington St. Collingwood. It intends to build a 15story, primegrade office tower using the T3 Timber, Transit, and Technology concept as a guide. According to the projects developer, it will have a dual influence on reducing emissions. On top of five reinforced concrete podium levels, the hybrid construction method will include a glue laminated timber framework with crosslaminated timber flooring. The time is right, according to Ryan Rathborne, joint head of property for CEFC, for the development of more timber structures in the real estate industry. Read More..

B2B Tech News | 3 years ago        

US State Department approves potential sale of antidrone system to Qatar for $1 billion

According to the Pentagon, the US State Department has approved the potential sale of an antidrone system to Qatar in a $1 billion deal. Raytheon Tech

According to the Pentagon, the US State Department has approved the potential sale of an antidrone system to Qatar in a $1 billion deal. Raytheon Technologies Corp RTX.N, SRC, and Northrop Grumman Corp NOC.N will be the primary contractors, according to a Pentagon statement. The potential sale approval comes after US President Joe Biden designated Qatar as a major nonNATO ally earlier this year, granting special status to a key friend in a volatile region. Separately, Qatar has played a role in the Iran nuclear talks and in relations with Afghanistan, where the small Gulf state has represented Washingtons interests. Read More..

B2B Tech News | 3 years ago        

SAA aircraft are back in the skies – in Serbia and Nigeria

South African Airways planes, or rather aircraft once used by the airline, are being reintroduced into service in countries such as Nigeria and Serbia

South African Airways planes, or rather aircraft once used by the airline, are being reintroduced into service in countries such as Nigeria and Serbia. According to the specialist publication Simple Flying, Nigerian airline Air Peace took delivery of an Airbus A320200 that was previously registered for SAA as ZSSZH. An Airbus A330200, previously registered to SAA as ZSSXW, is the second former SAA plane to fly again. It was delivered to SAA in mid2011 and will be retired in early 2020. Air Serbia recently began flights between Belgrade and Tianjin, China, and has long planned additional flights to the United States. Read More..

B2B Tech News | 3 years ago        

Meta fined €265 million by Irish regulators for breaching EU data protection law

On Monday, Irish regulators fined Facebook parent Meta €265 million, the companys latest punishment for violating strict European Union data privacy

On Monday, Irish regulators fined Facebook parent Meta €265 million, the companys latest punishment for violating strict European Union data privacy rules. Last year, the watchdog launched an investigation into reports that data on over 533 million users had been leaked online. Its the latest in a string of penalties meted out by the Irish watchdog over the last two years. In September, the Irish data protection authority fined Metaowned Instagram €405 million after discovering that the platform mishandled the personal information of teenagers. Read More..

B2B Tech News | 3 years ago        

Temasek of Singapore holds an internal assessment of the loss of $275 million related to FTX

Singapores Deputy Prime Minister Lawrence Wong announced on Wednesday that Temasek Holdings [RICRICTEM.UL] has begun an internal assessment of its par

Singapores Deputy Prime Minister Lawrence Wong announced on Wednesday that Temasek Holdings [RICRICTEM.UL] has begun an internal assessment of its participation in the nowbankrupt FTX crypto exchange, resulting in a $275 million writedown. Following the stunning collapse of FTX, Temasek decided to write down its investment of approximately $275 million. SoftBank Group Corps 9984.T Vision Fund and Sequoia Capital have also reduced their investments in FTX to zero after the company, founded by Sam BankmanFried, filed for bankruptcy protection in the United States this month in the highestprofile crypto meltdown to far. Read More..

B2B Tech News | 3 years ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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