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Luxshare is considering relocating more production outside China due to US tariffs, with potential investments in the US market. While the tariffs have limited profit impact, localizing production could benefit US customers. The company is also evaluating investments in Southeast Asia, though challenges remain in shifting production due to China's established supply chain and technical expertise.
Bose Corporation has invested $20 million in Indian wearables startup Noise, marking its second funding round after a previous $10 million investment. This funding will support Noise's expansion and development of new wearable and audio technology products, as the company continues to capture significant market share in the competitive wearables sector. With a focus on innovation and strategic growth, Noise is positioning itself for international opportunities, particularly in the Gulf Cooperation Council region.
Australian non-bank lender Bizcap has launched in Singapore, its fourth market, funding over SG$6 million in transactions and partnering with over 100 local brokers. The company offers loans from SG$5,000 to SG$500,000, utilizing automated bank statement aggregation for quick assessments, aiming for same-day funding for eligible SMEs. Bizcap plans to introduce new products and expand into other Asian markets within three years, capitalizing on the growing alternative lending sector in Singapore.
Delhi NCR-based snack brand Let’s Try has secured $2.5 million in pre-series A funding led by SWC Global, with participation from Wipro Consumer, 100Unicorns, and others. The funds will enhance distribution in Tier I, II, and III cities, strengthen supply chains, and support new product launches.The healthy snacking sector in India is experiencing rapid growth, projected to reach $4.95 billion by 2032. Let’s Try's focus on in-house manufacturing positions it competitively as consumer demand shifts towards healthier options, reflecting a broader market transformation.
Samsung's semiconductor unit has denied rumors of halting partnerships with Chinese clients, asserting that its foundry business operates normally. This clarification comes amid concerns over US export restrictions and competition with TSMC, as Samsung aims to strengthen its client relationships in a challenging market.
Portnox has secured $37.5 million in a Series B funding round led by Updata Partners, aimed at enhancing product innovation and expanding market reach in the cloud-native zero trust security sector. The company, which boasts nearly 1,000 global customers and a 95% retention rate, offers a unified access control platform designed for complex IT environments. This latest investment brings Portnox's total funding to $59.5 million, following a $22 million Series A round in 2022.
Nuro has successfully raised $106 million to pivot from its focus on delivery robots to licensing its autonomous technology. This strategic shift aims to enhance its market position in the rapidly evolving field of autonomous systems.
Wearables brand Noise has successfully secured $20 million in funding from Bose Corp. This investment marks a significant milestone for the company as it continues to expand its presence in the wearable technology market.
Saudi Arabia's tourism sector experienced remarkable growth in 2024, with licensed hospitality facilities increasing by 89% to 4,425. Makkah led the expansion with 1,030 facilities, an 80% rise from the previous year, as the Kingdom welcomed 30 million inbound tourists, aiming for 150 million by 2030.
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Amazon cancels orders from Asia amid new US tariffs impacting vendors
luxshare considers production shift amid us tariffs and rising costs
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05:10 10.04.2025
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04:12 10.04.2025
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