Goldman backs Kobo360, Rwanda commits to EVs, Interswitch IPO update – gpgmail

[ad_1] Nigerian freight logistics startup Kobo360 raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks. The company — with an Uber-like app that connects truckers and companies to delivery services — will use the funds to upgrade its platform and expand to 10 new countries beyond […]

Didi Chuxing to launch self-driving rides in Shanghai and expand them beyond China by 2021 – gpgmail

[ad_1] Didi Chuxing will begin picking up ride-hailing passengers with self-driving cars in Shanghai in just a few months, according to company CTO Zhang Bo (via Reuters). The plan is to roll out autonomous pick-ups in Shanghai first, starting in one district of the city, and then expand the program from there – finally culminating […]

Africa’s top mobile phone seller Transsion to list in Chinese IPO – gpgmail

[ad_1] Chinese mobile-phone and device maker Transsion will list in an IPO on Shanghai’s STAR Market,  Transsion confirmed to gpgmail.  The company—which has a robust Africa sales network—could raise up to 3 billion yuan (or $426 million). “The company’s listing-related work is running smoothly. The registration application and issuance process is still underway, with the […]

Elon Musk says The Boring Company will launch in China this month – gpgmail

[ad_1] Elon Musk wants to drill holes in China. The Tesla founder has tweeted to reveal that his tunnelling and transportation startup, The Boring Company, will be launch in China later this month. Musk is due to speak at an AI conference, called the World Artificial Intelligence Conference, taking place in Shanghai on August 29-31. […]