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Just played around on TikTok for awhile. A combined TikTok/Music.ly is going to be insane. No one has been able to effectively reach both China AND RoW in social at scale. Total reach is going to be huge. Wouldn’t be surprised if Toutiao is valued over $100B in a year or two.

Best illustration of startups with agile and skilled teams, but no exit plans. #Agile #startup

#Chinese tourists are in top 3 spenders in retail stores. Saw today a Chinese customer using her phone to translate questions to staff and check prices in #CNY. Yes stores can't all have Mandarin speakers. But why letting customers the responsibility to use tech for translation?

Interesting idea. In the Middle-East as well, Uber has been outperformed by #Careem, its UAE-born competitor. Rumor recently talked of a $2bn acquisition discussion by #Uber.

1/ Obligatory controversial tweetstorm of the month: People have been too busy dunking on Facebook to notice that China may be quietly taking over US Social media with TikTok

Uber said to be in advanced talks to buy its UAE-based main Middle-East competitor and market leader Careem, for a valuation of $3 billion. It would be a new step for the region tech, after Amazon acquired Souq for $600 millipn 2 years ago. #Careem #Uber magnitt.com/news/uber-said…

#Lyft #Uber

Important transaction in the Middle-East #tech scene. Delivery Hero acquires indian website #Zomato UAE operations for around $175 million.

Major news for tech startups in the Middle-East. #Uber is said to acquire this week #Careem, its UAE-born competitor and market leader, for more than $3bn. Last major acquisition in the region was done by Amazon, when acquiring e-commerce marketplace Souq for $600m. #acquisition

It is official! Uber acquires Middle Eastern Rival Careem for $3.1 Billion. Read the full article HERE: ow.ly/2p8Z30obQY1

Meet 100 Arab start-ups selected by the #WEF2019. Not a complete panorama of the best Mideast #Startup.s but still an interesting list. widgets.weforum.org/arabstartups/

If you invested $10,000 in Lebanon’s currency 3 years ago you would’ve had $460 today

JUST IN - OpenAI's ChatGPT AI banned in Italy.