Vegan meal kit company Purple Carrot purchased by Japanese online supermarket Oisix ra daichi has brought the U.S. company in a deal worth $30m. Launched in 2014, Purple Carrot will use Oisix’s expansive network to grow nationally and globally. Oisix achieved revenues of around $580m in the year to March 2019. Read more.

Tencent teams up with Riot Games The two companies have reportedly formed a partnership to make a mobile version of the world’s most popular desktop-based game. League of Legends achieved a revenue of $1.4bn in 2018. Read more.

$150 per month exercise app launched by Future Users will be given Apple Watches to track their exercise, as well as a human trainer to provide personalised workout and nutrition plans. Those who sign up to Future's app will be given a 1-month money-back guarantee. Read more.

Zalando to reduce waste and carbon dioxide emissions The online shopping business has started trials to replace plastic returns packaging with reusable material. In an effort to become more environemntally friendly, makeup products will be shipped in paper bags instead of plastic. Read more.

EE poised to launch 5G network On 30 May, the service will launch in London, Cardiff, Edinburgh, Belfast, Birmingham and Manchester. EE has plans to add 10 more UK cities by the end of 2019. Prices for 5G enabled handsets will begin at £54 per month. Read more.

TransferWise is now valued at $3.5bn Its latest investment round of $292m has made the company Europe’s most valuable financial technology startup. For the year ending March 2018, TransferWise achieved a net profit of $7.9m, while annual revenue almost doubled to £117m. Read more.