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China's Tencent Music raises $1.1 billion in downsized US IPO
Dec 12, 5:06AM
Tencent Music, China’s largest streaming company, has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 a piece ahead of a listing on the Nasdaq. That makes it one of the largest tech listings of the year, but the pricing is at the bottom end of its $13-$15 range indicating […]
Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank's Vision Fund
Dec 12, 3:11AM
Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion Series G round led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding […]
Building in Facebook's Menlo Park campus evacuated after bomb threat
Dec 12, 3:02AM
Update 2: Everyone has been cleared to return to the buildings. Facebook spokesperson Genevieve Grdina issued this statement: “Late this afternoon, we received a bomb threat and took swift action to evacuate several buildings at our Menlo Park campus. We take the safety and security of our people at Facebook extremely seriously and are glad […]
L.A. gets more moolah, thanks to Calibrate Ventures and its new, $80 million fund
Dec 12, 1:31AM
Two years ago, a couple of VCs from Shea Ventures, a 50-year-old, L.A. -based investment firm, banded together to create a Pasadena, Ca.-based early stage venture firm called Calibrate Ventures. Investors clearly like what they’re building. Firm founders Kevin Dunlap and Jason Schoettler are today announcing that they have closed their debut effort with $80 […]
Huawei CFO accused of fraud is granted $7.5M bail
Dec 11, 11:33PM
The decision concludes a three-days-long court hearing in which the judge and the public prosecutor debated whether Wanzhou would breach her bail conditions.
Wix launches a new suite of products for support, sales and marketing
Dec 11, 11:08PM
Wix is taking a big step beyond website building today with the launch of a suite of products called Ascend. PR Manager Matt Rosenberg explained that just as Wix was founded with the aim of “demystifying and democratizing how you get online,” Ascend has a similar mission: “You don’t have to be a developer and […]
Proof of use: A new crowdfunding threshold for passionate users
Dec 11, 11:00PM
Instead of a standard based on wealth, or even knowledge -- one based on users' contributions of time and attention.
With $15M, The Riveter plans to open 100 new female-focused co-working spaces
Dec 11, 10:31PM
"I want The Riveter to be the place people think of when they think of women and work," says its CEO Amy Nelson.
Podcast industry aims to better track listeners through new analytics tech called RAD
Dec 11, 10:27PM
Internet users are already being tracked to death, with ads that follow us around, search histories that are collected and stored, emails that report back to senders when they’ve been read, websites that know where you scrolled and what you clicked and much more. So naturally, the growing podcast industry wanted to find a way […]
Airbnb settles disputes with big property landlord
Dec 11, 10:19PM
Almost one year after a California judge dismissed Apartment Investment & Management Company’s lawsuit against Airbnb, both companies have agreed to settle all of their disputes. Aimco, which owns or manages 50,000 properties, had filed lawsuits in both California and Florida state courts, seeking monetary damages as well as court orders to stop Airbnb from […]
Dell's long game is in hybrid and private clouds
Dec 11, 10:03PM
When Dell voted to buy back the VMware tracking stock and go public again this morning, you had to be wondering what exactly the strategy was behind these moves. While it’s clearly about gaining financial flexibility, the $67 billion EMC deal has always been about setting up the company for a hybrid and private cloud […]
Elon Musk's plans for 2019 might include a Tesla pickup truck prototype
Dec 11, 10:03PM
Tesla CEO Elon Musk has floated the idea for an all-electric pickup truck numerous times in the past two years. Now, he’s back at it, this time with a teaser that Tesla might have a prototype to unveil in 2019. Musk mentioned on Twitter the desire to produce a pickup truck way back in April […]
Bumblebees bearing high-tech backpacks act as a living data collection platform
Dec 11, 9:35PM
There's lots of research going into tiny drones, but one of the many hard parts is keeping them in the air for any real amount of time. Why not hitch a ride on something that already flies all day? That's the idea behind this project that equips bumble bees with sensor-filled backpacks that charge wirelessly and collect data on the fields they visit.
Report: Morgan Stanley lands coveted Uber IPO role
Dec 11, 8:55PM
The investment bank is said to be leading Uber's IPO, expected in the first quarter of 2019. JPMorgan, meanwhile, has reportedly been hired to lead Lyft's offering.
Here's how Lyft envisions self-driving cars communicating with pedestrians
Dec 11, 8:49PM
The question of how self-driving cars will interact and communicate with humans is one that has come up before, but the answer is still up in the air. Google has been looking into this at least since 2012, and earlier this year, Uber filed a patent for using flashing lights and sounds to talk to […]
With Congress focused on political bias, Google's CEO gets off easy
Dec 11, 8:37PM
Google may have evaded the first few rounds of grill-a-tech-exec, but its CEO Sundar Pichai wound up in the hot seat on the Hill after all. Pichai appeared today, weathering a three-and-a-half-hour hearing solo with no competitors to offload congressional ire onto. To his credit, Pichai performed very well. Instead of adopting Facebook's flavor of […]
Gift Guide: the 17 best board games for holiday family fun
Dec 11, 8:34PM
Ah, holiday board gaming. A roaring fire. A glass of nog. And a raging debate over whether the blue guy was next to the red square or vice versa. Buying a gift for a board game fan? Just need something new to bring along to the get together? In this roundup we highlight some of what we've been playing lately - from the easy to the immensely complex - and give you and your family fodder for your next bout of holiday fun. Some new, some old, all great.
Lift Aircraft's Hexa may be your first multirotor drone ride
Dec 11, 8:16PM
We were promised jetpacks, but let's be honest, they're just plain unsafe. So a nice drone ride is probably all we should reasonably expect. Lift Aircraft is the latest to make a play for the passenger multirotor market, theoretical as it is, and its craft is a sleek little thing with some interesting design choices to make it suitable for laypeople to "pilot."
VRgineers looks to set a new gold standard with their $5,800 VR headset
Dec 11, 7:55PM
Thought VR was too expensive and too bulky? Well, VRgineers is here with a giant $5,800 headset to prove that you lack perspective. The Prague-based startup just showed off its latest piece of high-end VR hardware, which it will be launching at this year’s CES expo. The headset sports a 180-degree field-of-view, dual 2560 x […]
Online liquor store Drizly just landed $34.5 million in fresh funding
Dec 11, 7:44PM
Apparently, a lot of people realize at the last minute that they don’t have either beer, wine or liquor in their home when they need it. It’s certainly the most obvious explanation for a sizable new round of funding into Drizly, a six-year-old, Boston-based on-demand delivery app for alcohol that works with roughly 1,000 brick-and-mortar […]
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