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A News Digest on Investment, Funding and Self-Driving Vehicle Tech Trends #3

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Douyin, ByteDance’s Chinese version of TikTok, has launched e-wallet “Douyin Pay” to compete with China’s dominant e-payment services WeChat Pay and Alipay.

Spanish Glovo
Spanish delivery app Glovo raises $121M from Swiss real estate firm Stoneweg to build out delivery-only convenience stores for sub-30 minute delivery times. Stoneweg will build, refurbish the property to help Glovo expand.

Google invests $40 million for Indian courier startup Dunzo. Indian courier asked for a $40 million foundation from Google and other investors for a new delivery service due to the high demand for this service during the pandemic.

Aurora partners with truck maker PACCAR to develop self-driving big rig trucks “in the next several years”, as it closes the deal for Uber’s self-driving unit.

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