China’s Zeekr targets $5.13bn valuation Electric vehicle maker Zeekr has said that it is eyeing a valuation of up to $5.13bn in it US IPO. The IPO will be the first major floatation of a China-based company in more than two years. Read more.

Wayve raises $1bn in Series C The autonomous driving startup has closed $1.05bn in Series C funding led by SoftBank Group. This is the UK's largest-ever AI fundraise. Read more.

Profits improve at German ecommerce giant Zalando The platform has reiterated its full-year guidance for 2024 after seeing growth and improved profitability during the first quarter. EBITDA reached €28.3m in Q1, while GMV increased by 1.3%. Read more.

Ticketing app Trainline reports 22% uptick in sales For the year to the end of February, net sales were up 22% at the digital booking app, reaching the top end of the company's guidance. Adjusted profits rose 42% to £122m. Read more.

Slower demand for the iPhone hurts sales at Apple The tech giant has posted a slight dip in profits and revenue for its second quarter ending 30 March, as sales of its products - particularly iPhones - dropped. Apple has recorded a 2% year-on-year decline in profit to $23.6bn. Read more.

DoorDash grows international business The food delivery startup has narrowed its net losses and hit new quarterly records for key metrics, driven by strong sales in its international markets. DoorDash reported revenue of $2.51bn for Q1, an increase of 22% from the same quarter a year ago. Read more.