Tag: economy

Our favorite pitches from Alchemist Accelerator’s 16th batch

| September 20, 2017 | 0 Comments





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Our favorite pitches from Alchemist Accelerator’s 16th batch

The director of Baidu’s Silicon Valley AI Lab has departed

| September 13, 2017 | 0 Comments





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The director of Baidu’s Silicon Valley AI Lab has departed

India’s OYO snags $10M strategic investment from hotel giant China Lodging

| September 13, 2017 | 0 Comments




 Indian budget hotel startup OYO pulled in a big $250 million round led by SoftBank’s Vision Fund last week, but now it has topped that money up with a $10 million strategic investment from multi-billion dollar hotel management firm China Lodging. Beyond the financial commitment from NASDAQ-listed China Lodging — which was formerly known as Huazhu Hotels and is valued at $6.8… Read More


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India’s OYO snags $10M strategic investment from hotel giant China Lodging

Is it exit season yet?

| September 9, 2017 | 0 Comments




 Startup funding and exiting activity has been slow over the past few months in the U.S. Fewer companies closed rounds, IPO volumes were light, and not a lot of big M&A deals got done. But that’s to be expected, right? After all, it was summer break. Now that Labor Day’s over and we’re back at our desks, we can expect deal volumes to pick up. That seasonal explanation for… Read More


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Is it exit season yet?

Tech’s ‘give back’ moment

| September 4, 2017 | 0 Comments




 We now exist an interesting interstitial moment, one defined by big corporations producing much of the innovation and some of the world’s richest companies – Apple, Amazon, Uber, Facebook – trying to solve big hairy problems. These are the problems that startups would have once solved but because they are so expensive – I’m talking about commercial VR,… Read More


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Uber’s Asian rival Grab loses its head of engineering

| August 31, 2017 | 0 Comments





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Uber’s Asian rival Grab loses its head of engineering

Thailand’s Kasikorn Bank backs cloud accounting startup in first deal for $30M fund

| August 30, 2017 | 0 Comments




 Thailand’s banks have stepped up to chase the startup dream over the past year. Following on from SCB’s Digital Ventures, which has backed blockchain startup Ripple among others, Kasikorn Bank (KBank) has made the first investment from its $30 million fund — a $1.15 million round for Bangkok-based FlowAccount. KBank announced its Beacon fund this summer. It has made… Read More


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Thailand’s Kasikorn Bank backs cloud accounting startup in first deal for $30M fund

Y Combinator takes machine intelligence startups to school and learns a thing or two

| August 27, 2017 | 0 Comments





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Y Combinator takes machine intelligence startups to school and learns a thing or two

Indonesian Uber rival Go-Jek closes in on new $1.2 billion round

| August 25, 2017 | 0 Comments




 Go-Jek, the on-demand transportation company that rivals Uber and Grab in Indonesia, is getting close to pulling in its next huge funding round. That’s because JD.com, the China-based e-commerce firm that rivals Alibaba, has agreed to join Go-Jek’s upcoming $1.2 billion round, a source with knowledge of discussions told TechCrunch. The news was first reported by The Information.… Read More


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Indonesian Uber rival Go-Jek closes in on new $1.2 billion round

Tencent posts record $2.7B profit as mobile game revenue tops PC for first time

| August 16, 2017 | 0 Comments





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Tencent posts record $2.7B profit as mobile game revenue tops PC for first time

Andrew Ng is raising a $150M AI Fund

| August 16, 2017 | 0 Comments




 We knew that Andrew Ng had more than just a series of deep learning courses up his sleeve when he announced the first phase of his deeplearning.ai last week. It’s clear now that the turn of Ng’s three part act is a $150 million venture capital fund targeting AI investments. Ng, who formerly founded Google’s Brain Team and served as chief scientist at Baidu has long… Read More


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Andrew Ng is raising a $150M AI Fund

Machine learning can tell if you’re wearing swap-meet Louie

| August 11, 2017 | 0 Comments





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Machine learning can tell if you’re wearing swap-meet Louie

Slack CEO Voices His Support for Universal Basic Income

| August 11, 2017 | 0 Comments





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Slack CEO Voices His Support for Universal Basic Income

Indian startup Flux Auto wants to democratize self-driving tech for trucks

| August 10, 2017 | 0 Comments




 A young startup in India wants to makes autonomous driving technology more widely available for truck operators, especially those outside of the U.S., by lower the cost significantly. The concept of self-driving trucks sat in the background for some time as the vision of autonomous cars ferrying consumers from A to B hogged the limelight, but the potential for trucking is at least on par if… Read More


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Indian startup Flux Auto wants to democratize self-driving tech for trucks

SoftBank’s Vision Fund backs Flipkart in record India tech investment

| August 10, 2017 | 0 Comments





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SoftBank’s Vision Fund backs Flipkart in record India tech investment

Our favorite startups from 500 startups’ 21st class

| August 2, 2017 | 0 Comments





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Our favorite startups from 500 startups’ 21st class

Gas pump card skimmer now phones home

| July 28, 2017 | 0 Comments




 In an unsurprising move by credit card thieves, police have found a new credit card skimmer that sends stolen data via SMS. By tearing apart cheap phones, crooks are able to send credit card information to their location instantly without having to access the skimmer physically or rely on an open Bluetooth connection. Brian Krebs received images of the skimmer from an unnamed source. They… Read More


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Gas pump card skimmer now phones home

WeWork launches dedicated China business backed by $500M from investors

| July 27, 2017 | 0 Comments




 WeWork is making a big move to win the co-working market in China after it announced the creation of a standalone WeWork China business, backed by $500 million from existing backers SoftBank, Hony Capital and other undisclosed investors.
This fresh influx of capital is not tied to a recent $760 million financing round that closed earlier this month, at a reported valuation of $20 billion. Read More


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WeWork launches dedicated China business backed by $500M from investors

Grab gets $2B from Didi and SoftBank to fuel bid to defeat Uber in Southeast Asia

| July 24, 2017 | 0 Comments




 Grab, the ride-hailing company competing with Uber in Southeast Asia, has pulled in $2 billion of new financing from existing investors Didi Chuxing, the company that defeated Uber in China, and SoftBank. Didi said the round could expand by $500 million more with input from other existing backers and new investors, too. A Grab representative confirmed that SoftBank’s Vision fund is not… Read More


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Grab gets $2B from Didi and SoftBank to fuel bid to defeat Uber in Southeast Asia

Alibaba and Tencent are carving up Southeast Asia’s startup ecosystem

| July 23, 2017 | 0 Comments




 Two global tech forces are putting their mark — and money — into Southeast Asia’s nascent startup ecosystem, but they may not be the Western names that you expect. Rather than Google, Facebook or Microsoft, increasingly Chinese duo Alibaba and Tencent are the driving forces behind the importing of large sums of capital and vast business experience into Southeast… Read More


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Alibaba and Tencent are carving up Southeast Asia’s startup ecosystem

Clara Labs nabs $7M Series A as it positions its AI assistant to meet the needs of enterprise teams

| July 19, 2017 | 0 Comments




 Clara Labs, creator of the Clara AI assistant, is announcing a $7 million Series A this morning led by Basis Set Ventures. Slack Fund also joined in the round alongside existing investors Sequoia and First Round. The startup will be looking to further differentiate within the crowded field of email-centric personal assistants by building in features and integrations to address the needs of… Read More


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Clara Labs nabs $7M Series A as it positions its AI assistant to meet the needs of enterprise teams

The decentralization of startup building

| July 15, 2017 | 0 Comments





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The decentralization of startup building

Here are the winners of the Google Cloud machine learning pitch-off

| July 13, 2017 | 0 Comments





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Here are the winners of the Google Cloud machine learning pitch-off

Venture capital association slams Trump Administration’s delay of the International Entrepreneur…

| July 10, 2017 | 0 Comments





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Venture capital association slams Trump Administration’s delay of the International Entrepreneur…

Stripe adds support for Alipay and WeChat Pay, China’s top digital payment services

| July 10, 2017 | 0 Comments





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Stripe adds support for Alipay and WeChat Pay, China’s top digital payment services

Omise acquires online payment business Paysbuy from Thai operator Dtac

| July 6, 2017 | 0 Comments





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Omise acquires online payment business Paysbuy from Thai operator Dtac

Chinese bike-sharing startup Ofo raises $700M led by Alibaba

| July 6, 2017 | 0 Comments





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Chinese bike-sharing startup Ofo raises $700M led by Alibaba

500 Startups admits it kept Australian LP in the dark over investigation into Dave McClure

| July 3, 2017 | 0 Comments




 500 Startups has apologized to its Australian LP LaunchVic after the U.S. firm admitted that it failed to disclose an internal investigation into sexual harassment claims against co-founding partner Dave McClure. LaunchVic is a $40 million-plus entrepreneurship scheme backed by the government of Victoria, Australia’s second most populous state. It’s a major investor in 500… Read More


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500 Startups admits it kept Australian LP in the dark over investigation into Dave McClure

Microsoft is laying off ‘thousands’ of staff in a major global sales reorganization

| July 2, 2017 | 0 Comments





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Microsoft is laying off ‘thousands’ of staff in a major global sales reorganization

McClure steps back at 500 Startups after internal sexual misconduct investigation

| June 30, 2017 | 0 Comments





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McClure steps back at 500 Startups after internal sexual misconduct investigation