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China's Tencent is raising $6 billion through a bond sale
Apr 04, 10:01AM
Tencent, Asia’s largest tech firm, is raising $6 billion after the Hong Kong-listed firm announced a new note sale today. Tencent last tapped the markets when it raised $5 billion in January 2018. This time around, it is offering a five-tranche bond that is almost in line with reports earlier this week, which speculated that […]
Swedish fintech Zaver has raised $1.2M seed for its P2P payments platform
Apr 04, 8:15AM
Zaver, a Swedish fintech that has built a payments platform to facilitate peer-to-peer trades and more, has picked up just over $1.2 million in seed funding. Backing the burgeoning startup are VC firms Inventure and Inbox Capital, as well as a number of relatively well-established angel investors. They include Joen Bonnier (partner at Atomico), Tom […]
Africa Roundup: Jumia files for IPO, OneFi acquires Amplify, FlexClub expands in Mexico
Apr 04, 7:30AM
Less than a decade ago IPOs, acquisitions, and global expansion by African startups were more possibility than reality. March saw all three from the continent's tech scene. Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange, per SEC documents and confirmation from chief executive Sacha Poignonnec. In an updated filing, […]
Nauta Capital launches €55M 'sidecar' fund to double-down on its later-stage portfolio
Apr 04, 7:00AM
Nauta Capital, the pan-European VC that invests in “capital-efficient” B2B software companies and consumer tech, has announced the closing of a new €55 million “sidecar” fund dedicated to backing its existing later-stage portfolio companies. The VC firm, with offices in London, Barcelona and Munich, typically invests in early-stage technology startups from late seed and at Series A. […]
The Internet Archive has uploaded 450,000 songs collected before Myspace's massive data loss
Apr 04, 6:04AM
Last month, it became widely known that MySpace has lost much of the user data uploaded to it before 2016, including potentially million of music tracks from between 2003 to 2015. This is a significant loss for people who may not have used the site anymore, but took for granted that it would remain an […]
Amazon reportedly removes the most obvious promotions for its private brands from search results
Apr 04, 3:56AM
If it feels like your Amazon search results have been overwhelmed with promotions for their private-label brands, like Amazon Basics, Mama Bear or Daily Ritual, that may be changing. As lawmakers pay more attention to the most powerful tech companies, Amazon has begun quietly removing some of the more obvious promotions, including banner ads, for […]
SpaceX has completed the first tethered hop for the "Starhopper"
Apr 04, 2:48AM
SpaceX has completed the first tethered jump for its Starship prototyped, Elon Musk confirmed in a tweet Wednesday evening. Called the Starhopper because it’s making limited hops to test the landing capabilities of the Starship vehicle, the tethered jump represents the first firing of a rocket engine at the company’s Boca Chica launch site. The […]
Tesla first-quarter deliveries drop on challenges shipping Model 3 overseas
Apr 04, 12:37AM
Tesla delivered 63,000 of its electric vehicles in the first quarter of the year, nearly a one-third drop from the previous quarter, the company reported late Wednesday. Tesla cautioned that it expects first-quarter profits to be negatively impacted by lower than expected delivery volumes and several pricing adjustments. Deliveries included about 50,900 Model 3 vehicles […]
Facebook gets one step closer to building your virtual copy
Apr 03, 11:28PM
When it comes to representing yourself on social media, who you actually portray yourself as has always been a bit of a caricature. That thinking has always made it a little interesting to examine how a company like Facebook approaches avatar design for services like their VR avatar system. Oculus Avatars have undergone a number […]
Ousted Nissan chief Carlos Ghosn says 'I will not be broken' following latest arrest
Apr 03, 10:48PM
Carlos Ghosn, the former Nissan Motor chairman who was released on $9 million bail last month following three earlier indictments for financial wrongdoing, was arrested today on new charges by Tokyo prosecutors. Japanese public broadcaster NHK first reported the news that Ghosn was brought in for questioning. Ghosn released a statement following his arrest on […]
Toyota is giving automakers free access to nearly 24,000 hybrid car-related patents
Apr 03, 10:29PM
Toyota said Wednesday it will give royalty-free access to its nearly 24,000 patents related to electrification technology and systems through 2030 in a move that aims to encourage rival automakers to adopt the low-emissions and fuel-saving technology. Collectively the patents represent core technologies that can be applied to the development of various types of electrified […]
Ruhnn, a Chinese startup that makes influencers, raises $125M in U.S. IPO
Apr 03, 10:02PM
Ruhnn, a company that enables influencers to sell through e-commerce and is plotting to change the face of China’s fashion industry, has raised $125 million after it listed on the Nasdaq on Wednesday. The company sold 10 million American Depositary Shares at $12.5 a pop, the midpoint of its expected range. In an earlier filing […]
Talking the future of media with Northzone's Pär-Jörgen Pärson
Apr 03, 10:00PM
We live in the subscription streaming era of media. Across film, TV, music, and audiobooks, subscription streaming platforms now shape the market. Gaming and podcasting could be next. Where are the startup opportunities in this shift, and in the next shift that will occur? I sat down with Pär-Jörgen "PJ" Pärson, a partner at European […]
Femtech's billion-dollar year
Apr 03, 9:46PM
Cora, which sells organic tampons and pads, has raised $7.5 million. It's the latest in a long series of deals in the femtech space.
MIT's 'cyber-agriculture' optimizes basil flavors
Apr 03, 9:08PM
The days when you could simply grow a basil plant from a seed by placing it on your windowsill and watering it regularly are gone — there's no point now that machine learning-optimized hydroponic "cyber-agriculture" has produced a superior plant with more robust flavors. The future of pesto is here.
The uncertain future of shared electric scooters
Apr 03, 8:47PM
Cities all over the world have seen an influx of two-wheeled, electric kick scooters on the road over the last couple of years. Scooters from the likes of Bird, Lime, Spin, Uber’s JUMP, Lyft and others are all trying to own the first and the last mile. The first mile is often understood as the […]
HyperSciences raises an untraditional $9.6M for its hypersonic drilling vision
Apr 03, 8:03PM
We profiled HyperSciences in February, when the team had just successfully completed a launch milestone for a small business grant with NASA. The last time we checked in, the hypersonic drilling company had raised about $5 million as part of an untraditional Reg A offering. By the end of March, HyperSciences rounded out its first […]
Beats' Powerbeats Pro could beat AirPods at their own game
Apr 03, 6:18PM
AirPods are far and away the leader in the world of fully wireless earbuds. New numbers out this week give Apple's headphones a commanding 60 percent of the market, and a second-gen release is likely to help the company maintain its top position. But Apple's got a lot of competition these days, like a solid […]
Researchers find 540 million Facebook user records on exposed servers
Apr 03, 5:48PM
Security researchers have found hundreds of millions of Facebook user records sitting on an inadvertently public storage server. The two batches of user records were collected and exposed from two third-party companies, according to researchers at security firm UpGuard, who found the data. In the researchers’ write-up, Mexico-based digital media company Cultura Colectiva left more […]
Boeing confirms delay of Starliner's first test flight
Apr 03, 5:44PM
The Commercial Crew program is well on its way to changing the way the world accesses space, but SpaceX may hog the glory this year if rival Boeing keeps putting off the first tests of its complete Starliner system. The first uncrewed test flight, tentatively scheduled for May, has been pushed all the way out to August, Boeing confirmed yesterday.
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