KoreaTechToday’s Post

[WORLD] Taiwan's Fair Trade Commission has blocked Uber's $950 million acquisition of Foodpanda's local operations, citing concerns over market dominance and reduced competition. #TaiwanTechRegulation #UberFoodpandaDeal #GigEconomyScrutiny #FairCompetition #TechMergerBlock https://lnkd.in/gsX5de_t

🛍️Retail + 🏦Fintech: Redefining Boundaries and Fueling Innovation! ⛽️ Big news from Wolt! They’re launching Wolt Capital, a game-changing service offering fast, transparent financing for their restaurant partners. In collaboration with finmid, Wolt is set to help merchants accelerate growth. Here's some highlights of the service: 🔹 Fast Funding: Get funds in your account within 1-2 days. 🔹 Transparent Costs: One-time fee, no hidden charges. 🔹 Flexible Repayment: Payments based on your Wolt sales. Wolt Capital is now available in Sweden, Poland, Finland, and Denmark. Wolt is committed to driving the success and growth of their merchant community. This is a perfect example of the growing integration between retail and fintech. Platforms like Wolt, with their deep understanding of small business needs, are ideally positioned to help them scale. Read the full press release here 👉https://lnkd.in/dbT-MwBW Ditte Gerner Dyhr Stian Faber Chris Crespo Damián Džamba Carsten Christensen

When it comes to running a business, here's the bottom line: mobility isn’t a luxury, it’s a necessity. In the Philippines, over 40% of locals rely on their vehicles for livelihood, from Grab delivery drivers riding on the streets to entrepreneurs scaling up their operations. The surge of e-commerce has only added fuel to the fire, driving a 12-15% growth in demand for commercial vehicles. Businesses needing transport for logistics aren’t just buying cars; they’re investing in their future. That’s why at CARSOME, we don’t sit on the sidelines. We partner with industry heavyweights to source the right commercial vehicles, so our clients can keep moving. Building the RIGHT products for our market. Yesterday, we closed a deal, delivering a commercial vehicle that will help a family kickstart their business. Why? Because in this market, standing still is a surefire way to get left behind. Still Day One. #teamPanalo #CARSOMEPH

There are only two mistakes one can make along the road to success…not going all the way, and not starting. Everybody has their own opinions, and doubts may arise even with good intentions. Yet, every challenge is an opportunity to grow and, most importantly, never give up. In recent news, Grab's acquisition of taxi operator Trans-cab has been halted as Singapore's Competition and Consumer Commission has blocked the move. The concern revolves around competition in the ride-hail platform services market. This decision aligns with Singapore's competition laws, which aim to prevent anti-competitive mergers. Every obstacle presents a chance for growth. Keep pushing forward and stay resilient. Learn more: [Link to the article] #CompetitionLaw #Grab #Transcab #SingaporeEconomy

What's New to The Street... 🚫 Taiwan Says No to Uber’s $950M Deal  In a major decision, Taiwan has blocked Uber’s planned $950 million takeover of Foodpanda’s local operations. 🛵 The ride-hailing giant had hoped to finalize the deal by mid-2025.  What does this mean for the future of food delivery in Taiwan? Share your thoughts below! 👇  👉🏻Follow New To The Street for more! #Uber #Foodpanda #TaiwanNews #FoodDelivery #TechDeals #ECommerce #Innovation #Businessupdate #Businessnews #Business #News #Newtothestreet

Had the pleasure to speak with Stefan Pirker and Margaretha V. Jurik on our 𝗪𝗼𝗹𝘁 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 launch in Austria. 💶 It's another milestone for us in offering highly relevant services for the Austrian market. With Wolt Capital, our partners can access financing in an incredibly fast and unbureaucratic way. It's literally a few clicks in our merchant admin portal. Why is this so relevant for the market? 💡 Getting a traditional loan can be super complex. Or Has lots of paperwork. And it takes time. With Wolt Capital, partners get their cash advance in a matter of days and can use it for their needs: investing in new equipment, emergency funding for a broken fridge or having additional resources for expansions. Who is eligible and how much financing can you get? 🔎 Any partner who has been operating and doing turnover with us for a while can become eligible. The actual amount is then calculated on an individual basis and are pre-approved when it is visible in our portal. We are collaborating with our partner finmid on this and Wolt Capital in general. To quote from the article: “𝘞𝘪𝘵𝘩 𝘞𝘰𝘭𝘵 𝘊𝘢𝘱𝘪𝘵𝘢𝘭, 𝘸𝘦 𝘸𝘢𝘯𝘵 𝘵𝘰 𝘰𝘧𝘧𝘦𝘳 𝘰𝘶𝘳 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴 𝘢𝘯 𝘢𝘤𝘤𝘦𝘴𝘴𝘪𝘣𝘭𝘦 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘯𝘨 𝘰𝘱𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘵𝘩𝘦𝘮 𝘪𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯𝘵𝘰 𝘵𝘩𝘦𝘪𝘳 𝘧𝘶𝘵𝘶𝘳𝘦 𝘨𝘳𝘰𝘸𝘵𝘩. 𝘞𝘦 𝘸𝘪𝘭𝘭 𝘤𝘰𝘯𝘵𝘪𝘯𝘶𝘦 𝘵𝘰 𝘥𝘦𝘷𝘦𝘭𝘰𝘱 𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘴 𝘢𝘯𝘥 𝘴𝘦𝘳𝘷𝘪𝘤𝘦𝘴 𝘵𝘩𝘢𝘵 𝘴𝘵𝘳𝘦𝘯𝘨𝘵𝘩𝘦𝘯 𝘰𝘶𝘳 𝘮𝘦𝘳𝘤𝘩𝘢𝘯𝘵 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘵𝘺 𝘵𝘰 𝘦𝘯𝘴𝘶𝘳𝘦 𝘵𝘩𝘦𝘪𝘳 𝘧𝘶𝘵𝘶𝘳𝘦 𝘴𝘶𝘤𝘤𝘦𝘴𝘴.” Link of the article in the comments.

Danish startup closes €3.5M funding round to scale up beverage distribution platform Bemakers, a Copenhagen-based startup, has secured €3.5 million seed funding to enhance its beverage distribution platform across Europe. The round was backed by a mix of strategic investors, further solidifying Bemakers’ position as a tech-forward solution in the industry. The funds will be used to expand distribution channels into new markets, enabling brand partners to broaden their reach and improve logistics efficiency. Bemakers simplifies complex tasks such as excise duties, customs, VAT, and order management, positioning itself as a comprehensive operational partner for brands aiming for streamlined European market entry. https://lnkd.in/gHSS8FTp #funding #nordicmade #denmark #startups #foodtech #beverages #trending

【Cornerstone Technologies and foodpanda Hong Kong launches innovative Electric Motorbike Battery Swapping Network】 We are thrilled to announce that Cornerstone Technologies has partnered with foodpanda Hong Kong to launch an innovative Electric Motorbike Battery Swapping Network! This initiative aims to provide delivery riders with convenient electric delivery solutions while significantly reducing carbon emissions. With our new Cornerstone SWAP network, riders can easily enjoy fast battery-swapping services without the burden of high upfront costs, lowering the barrier to entry into the industry. Utilizing ZEEGO by Mile Green electric motorbikes in this program allows delivery personnel to benefit from impressive performance and a range of up to 150 kilometers, reducing carbon dioxide emissions by nearly 75%. This not only benefits the environment but also enhances delivery efficiency. Our collaboration with foodpanda Hong Kong will establish Cornerstone swapping stations at multiple pandamart locations, offering riders enhanced convenience. This partnership exemplifies our commitment to corporate social responsibility and marks an important step in driving sustainable development. We look forward to working with foodpanda Hong Kong to create a greener future for Hong Kong! 🌏💚 #GreenMobility #SustainableDevelopment #ElectricVehicles #CornerstoneTechnologies #foodpandaHK #ZEEGObyMileGreen #CornerstoneSWAP

I’m thrilled to share that Cornerstone Technologies has teamed up with foodpanda Hong Kong to launch a battery swapping network for electric motorbikes! This initiative will make it easier for delivery riders to go green while reducing carbon emissions. Together, we’re taking a big step toward a more sustainable future for Hong Kong🌱

Taiwan’s Fair Trade Commission (FTC) has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business on the island, citing anti-competition concerns. Read: https://lnkd.in/d3NAY2Xm