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Tencent Music sued by investor ahead of $1.2 billion US IPO
Dec 10, 6:12AM
China’s largest music streaming service has had a whirlwind year. With 800 million monthly users across multiple apps and a profitable business, Tencent Music Entertainment is gearing up for one of this year’s most anticipated initial public offerings in the US. But the firm has landed in hot water in the months leading up to […]
Africa Roundup: Terragon's Asia acquisition, Twiga Foods' $10M raise, SimbaPay's China payment service
Dec 10, 5:30AM
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Africa Roundup: Terragon's Asia acquisition, Twiga Foods' $10M raise, SimbaPay's China payment service SimbaPay launches Kenya to China payment service over WeChat Nigerian consumer data analytics firm Terragon Group acquired Asian […]
Some things Jack Dorsey didn't mention in his Myanmar meditation travelogue
Dec 10, 4:35AM
Twitter co-founder and chief executive officer Jack Dorsey recently went on a birthday trip to Myanmar. As Dorsey recounted in a series of tweets to his 4.1 million followers, he studied Vipassana meditation. The practice’s "singular objective is to hack the deepest layer of the mind and reprogram it," Dorsey wrote, and it is "likely […]
Tencent-backed fleet manager G7 racks up $320M in funding
Dec 10, 3:16AM
A sizable funding round is poised to heat up a race to automate China’s logistics infrastructure. Beijing-based fleet management company G7 announced on Monday that it has banked $320 million to drive technological development, bringing its total capital raised to around $500 million. G7, which runs a proprietary connected platform for trucks, shippers, fleet manager and […]
Alibaba Group takes majority control of loss-making movie unit Alibaba Pictures with $160M share purchase
Dec 10, 3:05AM
Alibaba Group announced today that it will increase its stake in Alibaba Pictures from 49% to 50.92%, making it the loss-making movie production company’s controlling shareholder. Under the agreement, Alibaba Pictures will issue one billion new shares, priced at HKD $1.25 each share for a total of HKD $1.25 billion (about $160 million), to Alibaba […]
Payment service Toss becomes Korea's newest unicorn after raising $80M
Dec 10, 12:00AM
South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new round is led by U.S. firms Kleiner Perkins and Ribbit Capital, both of which cut their first checks for Korea with this […]
JIRA is an antipattern
Dec 09, 2:00PM
Atlassian’s JIRA began life as a bug-tracking tool. Today, though, it has become an agile planning suite, “to plan, track, and release great software.” In many organizations it has become the primary map of software projects, the hub of all development, the infamous “source of truth.” It is a truism that the map is not […]
Awaken offers meditations focused on healing from systems of oppression
Dec 08, 7:54PM
A mindful, contemplative approach to internalized racism and sexism is a necessary piece of the puzzle of dismantling systems of oppression, Awaken founder and CEO Ravi Mishra says. That’s the entire point of Awaken, a mindfulness and meditation app specifically geared toward helping people cope with the harsh realities of today’s society. Awaken got its […]
Why you need a supercomputer to build a house
Dec 08, 6:38PM
When the hell did building a house become so complicated? Don't let the folks on HGTV fool you. The process of building a home nowadays is incredibly painful. Just applying for the necessary permits can be a soul-crushing undertaking that'll have you running around the city, filling out useless forms, and waiting in motionless lines […]
Apple Watch's ECG feature is already proving its worth
Dec 08, 6:28PM
When Apple announced its latest Series 4 Watch with electrocardiogram features, my mom took a sigh of relief, and then proceeded to set a reminder to order one for my dad. That’s because we found out last year, by chance, that he has atrial fibrillation. Atrial fibrillation is an irregular heartbeat, often times rapid heart rate […]
Dallas-based TXV Partners targets $50M for its debut fund
Dec 08, 5:00PM
These first-time VCs want to raise $50M for a Dallas-based, millennial-focused venture firm.
SoftBank's Vision Fund inches closer to $100B
Dec 08, 4:47PM
Much has been said about the SoftBank Vision Fund, mostly in awe of the size of the investment vehicle. Today, however, the Vision Fund inched yet closer to that twelve-figure goal.
The nation-state of the internet
Dec 08, 3:50PM
The internet is a community, but can it be a nation-state? It's a question that I have been pondering on and off this year, what with the rise of digital nomads and the deeply libertarian ethos baked into parts of the blockchain community. It's clearly on a lot of other people's minds as well: when […]
Coinbase abandons its cautious approach with plan to list up to 30 new cryptocurrencies
Dec 08, 6:14AM
Coinbase is the most conservative exchange in cryptoland, largely because it operates in the U.S. under the watchful eye of the SEC. The $8 billion-valued company trades fewer than ten cryptocurrencies to consumers but on Friday announced it announced a major expansion that could see it list up to 30 new tokens. The company said it is […]
Uber files confidentially for IPO
Dec 08, 1:49AM
The ride-hailing giant is expected to go public in early 2019.
Report: Slack is prepping an IPO for next year, with Goldman Sachs as its lead underwriter
Dec 08, 12:47AM
Slack, the workplace messaging company, has hired investment bank Goldman Sachs to lead its IPO next year, according to a Reuters report. Reuters’ sources say the company is hoping to nab a valuation of “well over $10 billion.” The WSJ reported back in September that Slack was “actively preparing” for an IPO in the first […]
Qualcomm lays off 269 employees in North Carolina and California
Dec 07, 11:33PM
Qualcomm's struggling data center business was hit another massive blow as the company laid off hundreds. The news, first revealed by the Information, has since been confirmed by TechCrunch. The chipmaker laid off 269 employees in all, including 144 in Raleigh, North Carolina, where its data center business is located, and an additional 125 in […]
Listen to the soothing sounds of Martian wind collected by NASA's InSight lander
Dec 07, 10:22PM
The InSight Mars lander accomplished a perfect landing last week on the Elysium Planitia region of the planet, where it is hard at work preparing to drill into the surface (and taking selfies, of course). But one "unplanned treat" is a recording of the wind rolling across the Martian plains — which you can listen to right here.
Huawei CFO, accused of fraud, faces up to 30 years in prison
Dec 07, 9:52PM
New details have emerged surrounding Huawei CFO Meng Wanzhou's arrest in Vancouver.
AI desperately needs regulation and public accountability, experts say
Dec 07, 9:44PM
Artificial intelligence systems and creators are in dire need of direct intervention by governments and human rights watchdogs. Surprisingly, it looks like the tech industry just isn't that good at regulating itself.
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