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China's PPI surges to record high at 13.5%, CPI up 1.5% in October

China's factory-gate inflation hit a record high in October, while consumer prices rose slightly amid public concern over food shortages, data from the National Bureau

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Independent retailer platform Creoate raises $5M Seed led by Fuel Ventures

Creoate is a startup, which lets independent retailers buy sustainable products from brands and wholesalers, has raised a $5m Seed round led by Fuel Ventures with participation from Vinted founder, Ju

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Colvin raises €45M Series C led by Eurazeo to disrupt the cosy flowers industry

Something very interesting is going on with supply chains, and has been for a while. But it’s clear the pandemic has accelerated the trend. Tech startups are once again cutting out the middle man, but

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Indonesian B2B marketplace GudangAda raises more than $100M in new funding

GudangAda founder and chief executive officer StevensangGudangAda, a Jakarta-based marketplace that brings wholesalers closer to retail stores and other buyers, announced it has closed a Series B of m

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Sundae closes on $80M for residential real estate marketplace

Sundae, a residential real estate marketplace that pairs sellers of dated or damaged property with potential buyers, has raised $80 million in a Series C funding round co-led by Fifth Wall and General

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Collectiv raises $16M Series A to connect food producers directly with kitchens

In the modern world, we tend to like to know where our food comes from and this has massively influenced professional kitchens. For decades, food suppliers have sat on one side and distribution channe

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GrowSari, a B2B platform for small stores in the Philippines, adds investors like Temasek’s Pavilion Capital and Tencent

Sari-sari stores are neighborhood stores in the Philippines that usually sell daily necessities and sometimes serve as community hubs, too. Today GrowSari, a startup that is digitizing sari-sari store

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German business climate index in May reaches two-year high: ifo

Guests are seen at the outdoor area of a restaurant in Berlin, capital of Germany, May 21, 2021. (Photo by Stefan Zeitz/Xinhua) Sentiment among German managers "improved considerably" as the i

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BukuWarung, a startup digitizing Indonesia’s SMEs, raises new funding from Rocketship.vc

BukuWarung, an Indonesian startup focused on digitizing the country’s 60 million small businesses, announced today it has raised new funding from Rocketship.vc and an Indonesian retail conglomer

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CrediBook gets $1.5 million to help Indonesian retail wholesalers digitize their finances

CrediBook, a startup that helps Indonesian retail wholesalers digitize the financial side of their operations, has raised $1.5 million in pre-Series A funding led by Wavemaker Partners, with participa

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U.S. FDA approves GSK unit's long-acting HIV injection

The logo of British drugmaker GlaxoSmithKline is shown on a building in Shanghai, November 11, 2019. /CFP The U.S. Food and Drug Administration on Thursday approved a long-acting HIV injection

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U.S. FDA approves GSK unit's long-acting HIV injection

The logo of British drugmaker GlaxoSmithKline is shown on a building in Shanghai, November 11, 2019. /CFP The U.S. Food and Drug Administration on Thursday approved a long-acting HIV injection

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BukuKas raises $10 million led by Sequoia Capital India to build a “end-to-end software stack” for Indonesian SMEs

The backbone of Indonesia’s economy are small- to medium-sized businesses, which account for 60% of its gross domestic product. Many still rely on manual bookkeeping, but the impact of COVID-19 has dr

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LeafLink raises $40m from Founders Fund, others to cultivate its cannabis wholesale market

LeafLink is today announcing it raised a $40 million Series C financing round, led by Founders Fund with participation from Thrive Capital, Nosara Capital, and Lerer Hippeau. This round of financing b

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Canada blocks bulk exports of key prescription drugs after U.S. ban

Canada on Saturday blocked bulk exports of prescription drugs if they would create a shortage at home, in response to outgoing U.S. President Donald Trump's efforts to allow imports from Canada to

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Welcome raises $12 million to be the ‘Ritz Carlton for event platforms’

On the heels of Hopin’s $125 million funding round, a newcomer in the virtual events space is gaining steam. Welcome, led by co-founder and CEO Roberto Ortiz, is positioning itself as the “

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London-based Weezy raises seed funding for its 15-minute grocery delivery app

First there was same-day delivery. Then came one-hour delivery. Now a new London startup wants to make 15 minute delivery a thing.Putting the hyper hyper-local into online grocery shopping, Weezy comb