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Tencent's latest investment is an app that teaches grannies in China to dance
Apr 22, 10:58AM
Besides churning out video games for China’s young generations, Tencent has also been attuned to the need of silver-haired users: its latest bet is an app that teaches middle-age and elderly users, most of whom are female, how to dance. Called Tangdou, or “sugar beans” in Chinese, the app announced on Monday that it’s raised […]
Go-Jek brings in Misfit co-founder and ex-Facebook head to lead Vietnam business
Apr 22, 10:34AM
Ambitious ride-hailing startup Go-Jek’s Southeast Asia expansion plan suffered a blow when it lost the leadership team behind its business in Vietnam, but now it has replaced them with the former head of Facebook in the country. Christy Trang Le, who led Facebook’s business in Vietnam for nine months before quitting for family reasons in […]
Confirmed: Pax Labs raises $420 million at a valuation of $1.7 billion
Apr 22, 10:00AM
Pax Labs, the popular vape maker, has today confirmed the close of a $420 million equity round, including from existing investors Tiger Global Management and Tao Capital Partners, and new investors including Prescott General Partners. A Pax Labs spokesperson confirmed to TechCrunch that the post-money valuation for Pax Labs is $1.7 billion. The Information first […]
Huawei says it shipped 59M smartphones in Q1 as revenue jumped 39% to $27B
Apr 22, 9:42AM
Fresh from an $8.8 billion profit last year, much-maligned Chinese tech giant Huawei is touting yet more growth. The firm said today that revenue in the first quarter of 2019 grew 39 percent year-on-year to reach $26.78 billion, or 179.7 billion CNY. The company claims it is owned by its employees — although a recent […]
Sony launches a taxi-hailing app to rival Uber in Tokyo
Apr 22, 7:29AM
Sony last year announced it would enter Japan’s taxi-hailing space and, good to its word, the electronics giant has kicked off its S.Ride service in Tokyo. The service — which was first noted by CNET — is a joint venture between Sony, its payment services subsidiary and five licensed taxi companies. Since ride-hailing with civilian […]
Resurgent HappyFresh raises $20M for its online grocery service in Southeast Asia
Apr 22, 5:45AM
It’s been a tricky past few years for HappyFresh, the startup seeking to bring Instacart-like grocery deliveries to Southeast Asia. It’s been through a series of rebuilding measures, but there’s light at the end of the tunnel after it announced a $20 million Series C. Launched in 2015, HappyFresh quickly raised $12 million to expand […]
China's new gaming rules to ban poker, blood and imperial schemes
Apr 22, 4:51AM
Lots of news has surfaced from China’s gaming industry in recent weeks as the government hastens to approve a massive backlog of titles in the world’s largest market for video games. Last Friday, the country’s State Administration of Press and Publication, the freshly minted gaming authority born from a months-long reshuffle last year that led […]
What you missed in cybersecurity this week
Apr 21, 7:07PM
It’s been a busy week — it’s tough to keep up with all the cybersecurity news. We’ve collected some of the biggest cybersecurity stories from the week — from TechCrunch and afar — to keep you up to date with the latest hacks, privacy breaches and security stories you need to know. Facebook now says […]
Notes from the Samsung Galaxy Fold: day six
Apr 21, 6:09PM
I'm starting to get that thing where my iPhone XS screen feels super tiny when I switch back from the Fold to send a text message from my number. Someone recently asked me if I'm going to have trouble giving the device back to Samsung in a few days, and while the answer is a […]
Sri Lanka blocks social media sites after deadly explosions
Apr 21, 3:31PM
The government of Sri Lanka has temporarily blocked access to several social media services following deadly explosions that ripped through the country, killing at least 207 people and injuring hundreds more. Eight bombings were reported, including during Easter services at three churches, on the holiest weekend of the Christian calendar. In a brief statement, the […]
Week-in-Review: Is Samsung unfolding another flop?
Apr 21, 3:00PM
Stop me if you’ve heard this one before. Samsung tries to deliver a big innovation and fails miserably. A big story this week on TechCrunch was that in the buildup to the release of the Samsung Galaxy Fold, potentially one of the weirdest, most innovative, most expensive phones shipped in the past decade, there are […]
The UK's latest list of most hacked passwords is as bad as you'd think
Apr 21, 2:46PM
Names, soccer players, musicians and fictional characters make up some of the worst passwords of the year, according to the U.K. government’s National Cyber Security Center. But nothing beats “123456” as the worst password of all. It’s no shock to any seasoned security pro. For years, the six-digit password has been donned the worst password […]
The rules of the Game Of Oligarchs
Apr 21, 1:00PM
Technology shrinks the world, makes geography less relevant. People find kinship, common cause, and community on the Internet, across nations and sometimes even languages. When the Internet began to erupt, when its connections began to draw such people closer together, this was anticipated with great hope and excitement. And with reason. At their best, the […]
No one knows how to hire, plus brand design and African tech
Apr 20, 9:01PM
Editor's Note: No one knows how to hire Hiring is the lifeblood of the world. Few people do truly singular work; instead, nearly every facet of our civilization is built by groups of humans (and increasingly machines) working in tandem. That presents quite the puzzle though: if teamwork is so critical to the functioning of, […]
Original Content podcast: On 'Guava Island,' Donald Glover mixes music and politics
Apr 20, 5:33PM
It was hard to know what to expect from “Guava Island.” Last year, Donald Glover and Rihanna filmed the mysterious project with director Hiro Murai (who’s also directed multiple episodes of “Atlanta” and the music video for “This is America”, then they said almost nothing about it until debuting the film at Coachella and releasing […]
>From lab-grown meat to fermented fungus, here's what corporate food VCs are serving up
Apr 20, 5:30PM
We put together a list of venture funds operated by some of the larger food and beverage producers, covering literally everything from soup to nuts (plus lunch meat and soda, too!).
Acquisitions, more than IPOs, will create Africa's early startup successes
Apr 20, 5:08PM
Africa has made its global IPO debut. Pan-African e-commerce company Jumia—a $1 billion-valued company—began trading live on the NYSE last week. The stock offering made Jumia the first upstart operating in Africa to list on a major global exchange. This raises expectations for unicorns and IPOs to create the continent's first wave of startup moguls. […]
3 fixes for Netflix's "What to watch?" problem
Apr 20, 2:51PM
Wasting time every night debating with yourself or your partner about what to watch on Netflix is a drag. It burns people's time and good will, robs great creators of attention, and leaves Netflix vulnerable to competitors who can solve discovery. A ReelGood study estimated that the average user spends 18 minutes per day deciding. […]
Startups Weekly: Zoom CEO says its stock price is 'too high'
Apr 20, 12:00PM
In this week's newsletter: More IPOs, Boston Dynamics dog-like robot makes its debut and Ro raises $85M.
Notes from the Samsung Galaxy Fold: day four
Apr 20, 1:31AM
Apologies for skipping day three. This kept me extremely busy yesterday. Though the Galaxy Fold remained a constant companion. Before you ask (or after you ask on Twitter without having read beyond the headline), no it's hasn't broken yet. It’s actually been fairly robust, all things considered. But here's the official line from Samsung on […]
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