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WeMo, one of Taiwan’s biggest scooter-sharing platforms, gears up for international expansion – TechCrunch

WeMo, one of Taiwan’s biggest scooter-sharing platforms, gears up for international expansion – TechCrunch

Scooters, a common sight on the streets of Taiwan, give commuters an alternative to cars in the country’s densely populated cities. But they also contribute to pollution and jam-packed parking spaces. Over the past few years, several companies haven taken on the challenge of creating more environmentally friendly alternatives to traditional gas scooters. Gogoro is probably best-known internationally for its electric SmartScooters, which are now the category’s top-sellers in Taiwan. While less known outside of the country, however, scooter-sharing startup has grown steadily since launching...

July 15, 2020
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WeWork’s chairman says it expects to have positive cash flow in 2021 – TechCrunch

WeWork’s chairman says it expects to have positive cash flow in 2021 – TechCrunch

After aggressive cost-cutting measures, including mass layoffs and selling several of its businesses, chairman expects the company to have positive cash flow in 2021. Marcelo Claure, who became WeWork’s chairman after co-founder Adam Neumann resigned as chief executive officer last fall, that the co-working space startup is on target to meet its goal, set in February, of reaching operating profitability by the end of next year.Claure is also chief operating officer of SoftBank Group, which invested $18.5 billion in the co-working space, according during an October all-hands meeting.SoftBank...

July 13, 2020
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Grab to lay off 360 people, or about 5% of its employees – TechCrunch

Grab to lay off 360 people, or about 5% of its employees – TechCrunch

is laying off about 360 people, or slightly under 5% of its employees. Co-founder and CEO Anthony Tan in a letter to Grab employees today.A spokesperson told TechCrunch that the company will not be shutting down offices, and that this is the last organization-wide layoff the company will perform this year.“We do not face capitalization issues. We conducted the layoffs to become a leaner and more efficient organization and we did this by sunsetting non-core projects, consolidating teams and pivoting to focus on deliveries,” the spokesperson said. “We remain laser-focused on adapting our core...

June 16, 2020
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TSMC reportedly stops taking orders from Huawei after new U.S. export controls – TechCrunch

TSMC reportedly stops taking orders from Huawei after new U.S. export controls – TechCrunch

, the world’s largest contract semiconductor maker, has stopped taking new orders from , one of its largest customers, according to the .Orders taken before the ban or already in production will not be affected, if they can ship before September 14. Huawei, the world’s largest telecom equipment maker, is TSMC’s second-biggest customer after Apple. TSMC makes many of the advanced chips used by Huawei, including in its smartphones.The U.S. Commerce Department released its new orders on Friday, which specifically target Huawei by making it harder for the company to create chips using U.S....

May 18, 2020
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