Alibaba, China’s e-commerce giant, is considering a $3 billion investment in Southeast Asian ride-hailing app Grab, according to Bloomberg. The investment would be one of Alibaba’s biggest bets on the region since 2016 when it first invested in local e-commerce site Lazada, according to the report. Grab is locked in a costly battle for market share with Gojek. The two rivals have been holding...
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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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