Alibaba aquires Infinity Augmented Reality The Israel-based start up's augmented glasses can be used by consumer-facing companies and integrated into apps. In 2016, Alibaba led InfinityAR's series C funding round which raised $18m. Read more.

Uber may purchase Dubai-based Careem The deal for Careem, a transportation network company with operations in over 100 cities, has been speculated to be worth $3bn. Uber has been seeking new growth avenues as competition within the sector increases. Read more.

Digital Brands Group to launch in the UK The Los Angeles-based direct-to-consumer ecommerce platform will launch four pop-up stores in London and possibly Manchester. For the year to 31 December 2018, DBG reported gross revenue of £4.2m which is forecast to reach £8.5m to £10m by the end of 2019. Read more.

Restaurant startup Keatz secures €12m Keatz, a delivery only restaurant or cloud kitchen, is based in Berlin. The company raised €7m in May 2018 and will use the capital to expand across Europe. Read more.

Alibaba and Tencent launch ride hailing service In partnership with car makers including Chongqing Changan Automobile, the Chinese ecommerce giants have established a $1.5bn venture to compete with the likes of ride-sharing company Didi Chuxing. Read more.

Uber Eats to launch collection service in London Its new service will be called Pick-Up and follows on from a pilot programme in the US with around 1000 restaurants. Trials with over 600 restaurants in Paris also started last week. Read more.