Tiger Global and Ant Financial lead $500M investment in China’s shared housing startup Danke – TechCrunch

Tiger Global and Ant Financial lead $500M investment in China’s shared housing startup Danke – TechCrunch

A Chinese startup that’s taking a dorm-like approach to urban housing just raised $500 million as its valuation jumped over $2 billion. Danke Apartment, whose name means “eggshell” in Chinese, closed the Series C round led by returning investor Tiger Global Management and newcomer Ant Financial, Alibaba’s e-payment and financial affiliate controlled by Jack Ma. Four years ago, Beijing-based Danke set out with a mission to provide more affordable housing for young Chinese working in large urban centers. It applies

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Smart cat shelter uses AI to let strays inside — but no dogs allowed

Chinese internet giant Baidu has unveiled what it calls the first smart cat shelter.

Chinese internet giant Baidu has unveiled what it calls the first smart cat shelter.Image: Getty Images/EyeEm By Johnny Lieu2019-02-12 04:14:40 UTC You might know Baidu for its search engine, but it’s looking to make a mark in the feline world too. The Chinese internet giant has released what it’s claimed to be the first AI-powered smart cat shelter, which was put together by one of the company’s engineers, Wan Xi. “At first, I just wanted to provide them with a

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China’s NetEase raises $600M for its music streaming business – TechCrunch

China’s NetEase raises $600M for its music streaming business – TechCrunch

As Tencent Music, China’s largest streaming firm, reportedly stalls on its proposed U.S. IPO, one of its closest challengers is doubling down. NetEase Cloud Music, a rival operated by games and publishing giant NetEase, just closed a fresh $600 million injection from a bevy of investors that include Baidu and General Atlantic, the company announced this week. NetEase will maintain a majority share in the company following this deal although it isn’t clear what the valuation is. The business is already

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