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Sub-brands are the new weapon in China's smartphone war
Feb 12, 9:22AM
One of China’s top smartphone brands Vivo appears to have joined its fellows Oppo, Huawei and Xiaomi in setting up a new sub-brand as a softening market and heightened competition at home drive players to venture upon their original reach. A new smartphone brand called iQoo made its debut on Weibo, China’s answer to Twitter, on […]
BeliMobilGue raises $10M for its used-car sales platform in Indonesia
Feb 12, 8:33AM
BeliMobilGue, a used car sales platform in Indonesia, has fueled up with a $10 million Series round for the race to dominate the automotive market in Southeast Asia’s largest economy. The company was started in 2017 as a joint venture between Europe’s Frontier Car Group (FCG) and Intudo Ventures, a VC firm focused on Indonesia. BeliMobilGue said […]
Google takes Hire, its G Suite recruitment platform, to its first global markets, UK and Canada
Feb 12, 8:19AM
The recruitment market is big business — worth some $554 billion annually according to the most recent report from the World Employment Confederation. In the tech world, that translates into a big opportunity to build tools to make a recruiter’s work easier, faster and more likely of success in finding the right people for the […]
SumUp acquires 'multi-channel' e-commerce platform Shoplo
Feb 12, 8:00AM
SumUp, the London-based fintech company that enables small businesses to take card payments via its device and online, has acquired “multi-channel” e-commerce platform Shoplo. Terms of the deal aren’t being disclosed, while SumUp says the acquisition will enable it to expand its product suite to give SumUp merchants access to various online marketplaces, such as […]
India's Swiggy goes beyond food to offer product delivery from local stores
Feb 12, 7:17AM
Swiggy, the Indian food delivery service, has made its much anticipated moved into general deliveries today after it announced its new ‘stores’ product. The move has been speculated since as early as 2017, but recent developments have taken the company closer towards the expansion. Last September, Swiggy picked up delivery service SuprDaily in an acquisition […]
Car rental startup Virtuo picks up €20M Series B
Feb 12, 6:00AM
Virtuo, the Paris-headquartered car rentals startup, has raised €20 million in Series B funding. The round is backed by Iris Capital, Balderton Capital and Raise Ventures, and will be used to continue expanding across the U.K. and other European countries. Originally founded in France and available in 19 French and 2 Belgium locations, Virtuo launched […]
Y Combinator's latest batch of startups is too big for one Demo Day stage
Feb 12, 5:58AM
Y Combinator has been steadily ushering in more and more startups into its classes, but this year the poll position accelerator is having to make some major logistical adjustments to accommodate just how massive its group of startups has become. YC has more than 200 startups in their winter 2019 batch (!!) By comparison, the […]
Mayor Bill de Blasio says bringing Amazon HQ2 to New York City is "mission critical"
Feb 12, 5:39AM
During a state legislature hearing today, New York City mayor Bill de Blasio said it is "mission critical" that Amazon build HQ2 in Long Island City. De Blasio's remarks come a few days after a report that widespread outcry from residents and local politicians alike have prompted Amazon to reconsider the move, which the company […]
Amazon looked to the past to build the future
Feb 12, 3:00AM
Over the last 20 years, smart home gadgets have evolved from fantasy to commodity. Walk into Best Buy and there are dozens of products that take just a few minutes to set up. It's wonderful. Even better, it's easy. There are lights and locks and screens from big and small companies alike. And therein lies […]
Another fine mesh
Feb 12, 12:56AM
Amazon’s acquisition of mesh router company Eero is a smart play that adds a number of cards to its hand in the rapidly evolving smart home market. Why shouldn’t every router be an Echo, and every Echo be a router? Consolidating the two makes for powerful synergies and significant leverage against stubborn competition. It’s no […]
E-commerce startup Zilingo raises $226M to digitize Asia's fashion supply chain
Feb 12, 12:30AM
If you’re looking for the next unicorn in Southeast Asia, Zilingo might just be it. The 3.5-year-old e-commerce company announced today that it has raised a Series D round worth $226 million to go after the opportunity to digitize Asia’s fashion supply chain. This new round takes Zilingo to $308 million from investors since its […]
InReach Ventures, the 'AI-powered' European VC, closes new €53M fund
Feb 12, 12:01AM
InReach Ventures, the so-called “AI-powered” venture capital firm based in London, is announcing the first closing of a new €53 million fund targeting early-stage European technology companies — surpassing the original fund target of €50 million, apparently. Founded by former Balderton Capital General Partner Roberto Bonanzinga, along with Ben Smith (former U.K. Engineering Director at […]
Hulu greenlights 'Howard the Duck' and three other animated Marvel shows
Feb 11, 11:42PM
Four new animated Marvel series, plus a crossover special, are coming to Hulu. According to the Hollywood Reporter, Hulu has greenlit “MODOK,” “Hit-Monkey,” “Tigra & Dazzler Show” and “Howard the Duck.” The characters will then come together in a special titled “The Offenders.” These aren’t exactly A-list, or even B-list, Marvel characters. Howard the Duck […]
Jobvite raises $200M+ and acquires three recruitment startups to expand its platform play
Feb 11, 11:02PM
Jobvite, the company that was once an early mover in leveraging social networks to help source job opportunities and find interesting candidates for openings, is today announcing two big moves to double down on its ambition to build a bigger platform for recruitment and applicant tracking. The company has picked up an investment of over […]
Bevy acquires community-focused networking company CMX
Feb 11, 10:58PM
Bevy announced today that it has acquired CMX, which it describes as “the world’s largest community for community professionals.” In other words, CMX is trying to connect and support the people whose job is to build communities around their companies. To do that, it organizes the CMX Summit and also offers membership to a private […]
DoorDash is reportedly raising $500M at a $6B+ valuation
Feb 11, 10:24PM
Just days after Postmates filed confidential paperwork for an initial public offering, the latest news in the on-demand delivery space is that competitor DoorDash is in the process of raising a $500 million round, The Wall Street Journal reports. The round would reportedly value DoorDash at more than $6 billion and possibly up to $7 […]
Amazon is buying home mesh router startup, Eero
Feb 11, 10:11PM
Amazon is about to expand its smart home offerings in a big way. The company just announced its intention to acquire Bay Area-based home mesh router startup, Eero. It's a pretty clear fit for the online retailer as it pushes to make Alexa a feature in the connected home. The move also makes sense for […]
Hands-on with an Alpha build of Google Maps' Augmented Reality mode
Feb 11, 10:10PM
I think most of us have had this experience, especially when you’re in a big city: you step off of public transit, take a peek at Google Maps to figure out which way you’re supposed to go… and then somehow proceed to walk two blocks in the wrong direction. Maybe the little blue dot wasn’t […]
Lyft puts $700K toward Oakland's underserved communities
Feb 11, 9:30PM
Lyft is donating $700,000 to TransForm, an organization focused on improving access to transportation in underserved areas throughout California. In partnership with Oakland Mayor Libby Schaaf, Lyft and TransForm will invest in a free bike library and community parklets in Oakland, Calif. Lyft will also offer free rides to low-income residents of Oakland. "At Lyft, […]
Lenovo Watch X was riddled with security bugs, researcher says
Feb 11, 9:14PM
Lenovo’s Watch X was widely panned as “absolutely terrible.” As it turns out, so was its security. The low-end $50 smartwatch was one of Lenovo’s cheapest smartwatches. Available only for the China market, anyone who wants one has to buy one directly from the mainland. Lucky for Erez Yalon, head of security research at Checkmarx, an […]
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