Tech New Delhi-based diabetes management app BeatO raised a $33M Series B led by Lightrock India, with Flipkart and others participating (Debjyoti Roy/Livemint)
Tech Source: the US DOJ is investigating whether rent-setting software made by RealPage is facilitating collusion among landlords to drive up rental prices (Heather Vogell/ProPublica)
Tech An in-depth look at the US sanctions on China’s chipmakers and worries over their impact on inflation and rising costs for Western manufacturers and customers (June Yoon/Financial Times)
Tech Reserve Bank of India declines a payment aggregator license for Paytm parent One 97, asking it to comply with foreign direct investment guidelines and reapply (Ira Dugal/Reuters)
Tech Analysis: AI startup funding has been around 9%-10% of global VC investment in recent years, led by robotics, autonomous vehicles, and enterprise software (Gené Teare/Crunchbase News)
Tech Inside Zhengzhou’s "iPhone City" lockdown, where China’s zero COVID-19 policy, related propaganda and fears, and Foxconn’s missteps led to the worker riots (South China Morning Post)
Tech Experts and employees detail Uber’s struggles in Pakistan as it discontinues service in five cities, cuts spending, and faces increased competition from inDrive (Nilesh Christopher/Rest of World)
Tech How Woolworths, Loblaws, and other retailers are developing digital advertising arms and profiling customers, aiming to become ad venues for large brands (Alistair Gray/Financial Times)
Tech Hong Kong-based XanPool, a cross-border payments infrastructure provider for both crypto and fiat currencies, raised $41M in Q2 2022 at a $400M value (Jonathan Burgos/Forbes)
