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Volvo Trucks teases the all-electric semi truck it's bringing to California in 2019
Dec 13, 5:44AM
Volvo Trucks released teaser images Wednesday of the electric trucks it plans to bring to California next year as part of a demonstration project, the latest truck manufacturer to publicize its electric plans in the state. The attraction to California is no accident. The state has set aggressive targets to improve air quality and reduce […]
Lazada, Alibaba's Southeast Asia e-commerce business, gets a new CEO
Dec 13, 3:14AM
Alibaba has reshuffled the leadership at Lazada, its e-commerce firm in Southeast Asia, after CEO Lucy Peng — an original Alibaba co-founder — stepped down to be replaced by Lazada executive president Pierre Poignant after just nine months in the role. Alibaba owns more than 90 percent of Lazada but it has been involved in the business […]
Pokémon GO trainer battles are now live (for some players)
Dec 13, 2:40AM
Last week we did a deep dive on how Pokémon GO’s new (and long overdue) player-versus-player battle system would work. The only thing we didn’t know at the time was when, exactly, it would actually start rolling out. The answer: tonight. Just a few days ago, Niantic started shipping an update to the app that […]
Feds like cryptocurrencies and blockchain tech and so should antitrust agencies
Dec 13, 2:30AM
Thibault Schrepel Contributor Share on Twitter Thibault Schrepel is an Assistant Professor in the Department of Public Economic Law at Utrecht University and a reviewer at the Stanford Journal of Blockchain Law & Policy. While statements and position papers from most central banks were generally skeptical of cryptocurrencies, the times may be changing. Earlier this […]
TNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asia's startups
Dec 13, 1:39AM
TNB Aura, a recent arrival to Southeast Asia’s VC scene, announced today that it has closed a maiden fund at SG$31.1million, or around US$22.65 million, to bring a more private equity-like approach to investing in startups in the region. The fund was launched in 2016 and it is a joint effort between Australia-based venture fund Aura […]
Revolut gets European banking license in Lithuania
Dec 13, 12:01AM
Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has finally come out of the regulatory tunnel with a license in hand. As expected, Revolut applied for a license through the Bank of Lithuania and is leveraging […]
Watch Rocket Lab launch 10 cubesats into orbit tonight for NASA
Dec 12, 11:53PM
It's been just over a month since Rocket Lab's inaugural (and long-delayed) commercial launch, "It's Business Time," and it's about to take another customer to space: NASA. Tonight's 8PM scheduled launch will take 10 small satellites to orbit as part of NASA's Educational Launch of Nanosatellites (ELaNa) XIX mission.
Stratim, formerly known as valet startup Zirx, sues co-founder for theft
Dec 12, 11:39PM
Stratim, the mobility services company formerly known as Zirx, is suing its co-founder and now-former COO Shmulik Fishman for breach of fiduciary duties, civil conversion, criminal conversion, theft, criminal mischief, deception, unjust enrichment and fraud. The lawsuit’s co-plaintiff is Adesa, a subsidiary of KAR Auction Services, which acquired Stratim earlier this year. Stratim powers fleet management […]
'The Mandalorian' cast includes Pedro Pascal, Gina Carano … and Werner Herzog
Dec 12, 9:51PM
Lucasfilm has released an initial cast list for “The Mandalorian,” the live-action Star Wars series that Jon Favreau is creating for the upcoming streaming service Disney+. Pedro Pascal, who had a brief-but-glorious run on “Game of Thrones” as Oberyn Martell, will star in the title role — Lucasfilm describes his character as “a lone Mandalorian […]
Scoot unveils new lock to prevent scooter theft
Dec 12, 9:24PM
During the first two weeks of Scoot’s operations of shared, electric scooters in San Francisco, more than 200 scooters were either stolen or damaged beyond repair, Scoot CEO Michael Keating wrote in a blog post. As a temporary fix, Scoot attached cable locks to some of its scooters in San Francisco. Now, the company is […]
Wellness giant Life Time targets co-working, shopping malls for next act
Dec 12, 8:59PM
Founded in 1990 by CEO Bahram Akradi, Minnesota-based Life Time used to be known as a premier health club that operated large gyms mainly in affluent suburbs in Midwestern and Southern states. Its success was memorialized in 2015 when two leading private equity firms, Leonard Green & Partners and TPG Capital, led a $4-billion deal […]
Bowery, an indoor farming startup, raises $90 million more, including to counter a SoftBank-funded rival
Dec 12, 8:35PM
When in July of last year, SoftBank’s Vision Fund led a whopping $200 million round in the Silicon Valley startup Plenty, investors behind a competing indoor farming startup across the country, New York-based Bowery, were left reeling. Just one month earlier, they’d closed on a round that brought Bowery’s total funding to $31 million. As […]
Changing consumer behavior is the key to unlocking billion-dollar businesses
Dec 12, 8:30PM
Revolutionary products succeed when they deliver value to their users. The fact that a product creates a behavior shift is not enough. It must create value to overcome the initial skepticism.
Fortnite developer Epic Games to release SDK for cross-platform profiles
Dec 12, 8:25PM
Epic Games unveiled plans for a new developer framework for online services. This framework will let other game developers add cross-platform support into their games. The SDK will be free and roll out in multiple parts over 2019. Fortnite has been one of the best examples of cross-platform gameplay. A single player can install Fortnite […]
Senators aim to give internet companies doctor-like duties to protect our data
Dec 12, 8:23PM
Consumers are increasingly entrusting online services with all kinds of personal data — but that trust has been repeatedly abused or taken for granted. If a doctor or a lawyer did that, they’d be kicked to the curb, because they have a legally defined duty to protect privileged data. Why don’t Facebook and Google? They […]
Farfetch bets on sneakers with $250M Stadium Goods acquisition
Dec 12, 8:19PM
Luxury fashion marketplace Farfetch will tap into the sneaker resale economy with its latest transaction.
Oracle is suing the US government over $10B Pentagon JEDI cloud contract process
Dec 12, 7:45PM
Oracle filed suit in federal court last week alleging yet again that the decade-long $10 billion Pentagon JEDI contract with its single-vendor award is unfair and illegal. The complaint, which has been sealed at Oracle’s request, is available in the public record with redactions. If all of this sounds familiar, it’s because it’s the same argument the […]
Confirmed VPN wants to bring transparency to the VPN industry
Dec 12, 7:26PM
The VPN industry sucks. Dozens of companies promise you the impossible dream of perfect privacy. But it's simply a big lie. A company called Confirmed VPN wants to change that by holding VPN companies accountable. WTF is a VPN? VPN companies let you establish an encrypted tunnel between your device and a server in a […]
Android users can now donate to charities through the Google Play Store
Dec 12, 7:12PM
The Google Play Store is receiving an update today that will allow customers to make charitable donations to nonprofits from their Android device. While it may seem odd to be rallying for support for charities within the same marketplace where users download apps and games, it’s not uncommon — Apple for years has collected donations […]
Facebook settles Oculus VR lawsuit with ZeniMax
Dec 12, 6:22PM
Nearly five years after announcing its acquisition of Oculus VR, Facebook is finally ready to put behind it the drama surrounding its founding. Gaming giant ZeniMax Media’s lawsuit against Facebook over the misuse of intellectual property related to the founding of Oculus VR has finally been settled. In a statement, ZeniMax CEO Robert Altman confirmed […]
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