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Tencent becomes the first Chinese tech firm valued over $500B
Nov 20, 10:35AM
Tencent has became the first Chinese company to be valued at more than $500 billion. Shares of the 19-year-old company, which is listed on the Hong Kong Stock Exchange, rallied to reach HK$418.80 to give it a market cap of HK$3.99 billion which takes past the $500 billion mark. Close rival Alibaba is Asia’s second-highest-valued firm at $474 billion. Entry to the half-a-trillion-dollar… Read MoreGermany bans kids' smartwatches that can be used for eavesdropping
Nov 20, 10:12AM
A German regulator has banned domestic sales of children’s smartwatches that have a listening function — warning that parents have been using the devices to secretly eavesdrop on teachers at their kids’ school. Read MoreOnly 3 days left to save 30 percent on Disrupt Berlin tickets
Nov 20, 9:01AM
In just two short weeks, the Disrupt Berlin 2017 conference will be the European epicenter of cutting-edge technology. It’s an event that no self-respecting techie should miss. But here’s the thing: You have only 72 hours left to get the best deal on tickets. Read MoreMonzo's latest round included £11M in secondary as founding employees partly cash in
Nov 20, 9:00AM
Earlier this month, U.K.-based challenger bank Monzo announced that it had raised a further £71 million in a round led by Goodwater Capital, giving the startup a post-money valuation of £280 million. However, what wasn’t reported at the time was that the round included £11 million in secondary investment, meaning that only £60 million entered the company’s balance sheet and… Read MoreWhat is an IPO pop and why do VCs hate it so much?
Nov 20, 8:34AM
Over the weekend, several VCs tweeted that my headline recapping Stitch Fix’s first day of trading was too harsh. The headline read, “Stitch Fix up just 1% on first day of trading, after reducing size of IPO.” I didn’t say it “fumbled” or label it as “weak” and “disappointing” like many other media publications, but that would… Read MoreTech In Asia raises $6.6M led by Korean conglomerate Hanwha
Nov 20, 7:33AM
Tech In Asia, the Singapore-based media and events startup, has closed $6.6 million in fresh funding. The lead investor is a name that may not be too familiar to regular readers (yet) and that’s Hanwha, a Korean conglomerate which started out in explosives in 1952 but has since expanded into a range of verticals including (now) a focus on tech in emerging markets. With $55.5 billion… Read MoreLast chance to get your tickets for TechCrunch China in Shanghai November 27-28
Nov 20, 6:25AM
TechCrunch is excited to be returning to China this month! Fresh from the success of our first event in Shenzhen in June, we’ll be back in more familiar surroundings for the TechCrunch China event in Shanghai from November 27-28. The theme of the event is ‘The New Beginning,’ and we’ll be looking at a host of topics from electric vehicles and live-streaming… Read MoreSoutheast Asia's aCommerce lands $65M led by KKR-backed Emerald Media
Nov 20, 5:39AM
Southeast Asia-based aCommerce, a startup that helps brands get into e-commerce and digital media in the fast-growing region, has pulled in $65 million in new funding led by Emerald Media, an Asian firm backed by global investor KKR. The Series B deal takes Bangkok-based aCommerce to $94 million raised to date. Existing backers Blue Sky, MDI Ventures and Switzerland-based DKSH also took… Read MoreJeffrey Tambor quits Amazon's "Transparent" after being accused of sexual harassment
Nov 20, 2:45AM
Jeffrey Tambor says he will leave Amazon Studios series “Transparent” after being accused of sexual harassment by two women. While Tambor continues to deny the allegations, he told Deadline that he does not want to continue working on “Transparent,” where he portrays lead character Maura Pfefferman, because of “the politicized atmosphere” on set. Read MoreAlibaba invests $2.9B in hypermarket operator Sun Art to continue its offline retail push
Nov 20, 2:43AM
Alibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm announced today it has spent HK$22.4 billion (around US$2.88 billion) to acquire of 36.16 percent in Sun Art Retail Group, a Hong Kong-listed business that operates 446 hypermarkets across 224… Read MoreMedia startup Cheddar launches its TV channel in Europe with Molotov
Nov 20, 12:01AM
Business news network Cheddar has been partnering with social media platforms and OTT services in the U.S. And Cheddar is now looking at international markets. The media company is partnering with French startup Molotov so that French viewers can watch Cheddar from all their devices. Cheddar first launched 18 months ago. Unlike many new media companies, the startup has been focusing on live… Read MoreFintech startup Glint de-cloaks to offer a multi-currency account and card that supports spending gold
Nov 20, 12:01AM
London-based Glint has been pretty stealthy about what it planned to offer, despite several funding rounds and a vague description that it wanted to a create new “global currency” based on gold. Well, today the fintech startup is finally de-cloaking with a staggered launch of its multi-currency account, app and card that does indeed let you store your money in gold and convert it… Read MorePact Coffee founder steps down from CEO role as London startup looks to B2B for growth
Nov 19, 7:56PM
Pact Coffee, the U.K. subscription service that delivers freshly roasted “specialty coffee” to your door, has seen a change of leadership as the company plans to focus more on the B2B side of its business. After 5 years running Pact, TechCrunch understands that founder Stephen Rapoport has stepped down from his role as CEO and instead will act as Chairman going forward.… Read MoreAuthorities serve Apple a warrant for Texas shooter's iPhone
Nov 19, 7:33PM
Two weeks ago today, 26 people were killed by a gunman at First Baptist Church in Sutherland Springs, Texas. Two phones were discovered at the scene: older push-button LG and what local news described as a “blood spattered” Apple iPhone SE. Now local law enforcement has served Apple with a search warrant in order to retrieve information from the smartphone. The news has echoes of… Read MoreNuraphones' custom profiles bring out new detail in familiar songs
Nov 19, 7:20PM
I promised myself I wouldn’t read any work email (I failed), wouldn’t tweet (failed) and wouldn’t bring along any homework — I failed there too, but that one I don’t actually feel bad about. We’ve been following the progress of Nura headphones since they were an unsightly jumble of wires, with an exterior control box that did most of the heavy lifting.… Read More17 STEM-focused gifts to inspire kids to learn coding and love robotics
Nov 19, 7:01PM
This year’s STEM gift guide reflects the boom in ‘educational’ techie toys — featuring programmable and controllable robots of all stripes and shapes, as well as some fully fledged learn-to-code computers and a few lower tech alternatives for variety. Read More100 cryptocurrencies described in four words or less
Nov 19, 6:00PM
This list describes cryptocurrencies. Each gets four words. There are many. Some are landmarks. Some are scams. Hopefully this provides orientation. Read MoreEllo Again…
Nov 19, 5:30PM
The social networking platform splashed onto the tech scene promoting itself as an ad-free rival to Facebook. Soon millions of people (including yours truly) signed on just to see what all the fuss was about. The platform quickly ballooned to nearly 3 million community members in a short few months. The problem was no one knew what the hell this thing was. The logo was just a black dot with a… Read MoreThe battle for control of data could be just starting
Nov 19, 5:30PM
Companies like Facebook, Google and Amazon happily take our data in exchange for convenience, lower prices or free services, but individuals and businesses are beginning to understand the value of controlling their data instead of simply handing it over to the world’s largest technology companies. The battle to regain control over that data could be starting in earnest. I saw a couple… Read MoreA decade of Amazon Kindle
Nov 19, 5:27PM
Ten years ago this week, Amazon released the first Kindle. It was big and clunky and kind of ugly, with an awkward physical keyboard and 250 MB of on-board storage. It sold out in less than six hours and would remain that way until the following April. Amazon, it seemed, was really onto something. Read MoreIf at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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