Carro, a Singapore-based startup that operates an online marketplace for used cars, has raised $360 million in a funding round led by SoftBank at a valuation of more than $1 billion, Bloomberg reported. Carro will use the newly raised capital to accelerate its expansion across Southeast Asia, in markets such as Indonesia, Thailand and Malaysia. Carro CEO Aaron Tan told Bloomberg in an...
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Cloudflare Complaint Pinpoints Amazon’s Antitrust Weak Spot
Today’s blog post from top executives at Cloudflare blasting Amazon Web Services for the “egregious” fees it charges customers who move their data out of AWS’ servers raises an interesting question. Could the most fertile ground for pursuing antitrust action against Amazon lie in its cloud business, not the ecommerce business that gets all the attention from business media and politicians?...
Electric Truck Maker Rivian Raises $2.5 Billion Round
EU Gearing Up for Lengthy Probe of Facebook’s $1 Billion Kustomer Deal
AWS Accused of Gouging Customers for Networking Bandwidth
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