The Khashoggi murder isn’t stopping SoftBank’s Vision Fund – TechCrunch

The Khashoggi murder isn’t stopping SoftBank’s Vision Fund – TechCrunch

Money talks in the startup community, especially when SoftBank comes knocking with the megabucks of its Vision Fund. Despite the public outcry around the firm’s dependence on money from Saudi Arabia in the wake of that country’s assassination of Washington Post journalist Jamal Khashoggi, deal flow for Softbank’s Vision Fund appears to be back to normal. The $100 billion megafund has done 21 deals over the last two quarters, that’s as more than in the other quarters of the previous

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Moka raises $27M led by Hillhouse to make hiring more data-driven in China – TechCrunch

Moka raises $27M led by Hillhouse to make hiring more data-driven in China – TechCrunch

Moka, a startup that wants to make talent acquisition a little more data-driven for China-based companies that range from smartphone giant Xiaomi to Burger King’s local business, announced Monday that it has raised a 180 million yuan ($27 million) Series B round of funding. The deal was led by Hillhouse Capital, an investor in top Chinese technology companies such as Tencent, Baidu, JD.com, Pinduoduo — just to name a few. Other investors who took part include Xianghe Capital, an investment

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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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Company is GPS-tracking chickens to ensure they’re healthy and organic

GoGo Chicken will monitor poultry and let customers monitor the animal

GoGo Chicken will monitor poultry and let customers monitor the animal’s diet and exercise.Image: Ulrich Baumgarten via Getty Images By Matt Binder2019-02-24 20:27:49 UTC Your future chicken dinner is about to get its very own Fitbit-like device. Chinese online insurance company ZhongAn Online has developed a new GPS tracker for poultry called GoGo Chicken, according to the . The device fits around the animal’s leg while sensors monitor information like the chicken’s environment, what it eats, and how much exercise

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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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Nexon founder hints at plan to sell his $9B majority share in gaming giant – TechCrunch

Nexon founder hints at plan to sell his $9B majority share in gaming giant – TechCrunch

The founder of Korea’s Nexon, one of the biggest gaming companies on the planet, today appeared to acknowledge his intention to sell his controlling interest for around $9 billion. The divestment has been a hot rumor after a report from newspaper Korea Economic Daily this week [via Reuters] suggested that Jung-Ju Kim, who founded Nexon back in 1989, is moving to sell nearly all of his holdings in the firm, which is listed on the Tokyo stock exchange. Kim, the paper claimed, is tired of the

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Alibaba-backed Hellobike bags new funds as it marches into ride-hailing – TechCrunch

Alibaba-backed Hellobike bags new funds as it marches into ride-hailing – TechCrunch

2018 has been a rough year for China’s bike-sharing giants. Alibaba-backed Ofo pulled out of dozens of international cities as it fought with a severe cash crunch. Tencent-backed Mobike puts a brake on expansion after it was sold to neighborhood services provider Meituan Dianping. But one newcomer is pedaling against the wind. Hellobike, currently the country’s third-largest bike-sharing app according to Analysys data, announced this week that it raised “billions of yuan” ($1 = 6.88 yuan) in a new round. The

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China’s Tencent Music raises $1.1 billion in downsized US IPO – TechCrunch

Tencent Music, China’s largest streaming company, has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 a piece ahead of a listing on the Nasdaq. That makes it one of the largest tech listings of the year, but the pricing is at the bottom end of its $13-$15 range indicating that the much-anticipated IPO has felt the effects of an uncertain market. Indeed, the company is said to have paused the listing process, which it

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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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Tesla to bring portion of Model 3 production to China next year – TechCrunch

Tesla to bring portion of Model 3 production to China next year – TechCrunch

Tesla, which reported its first quarterly profits in two years Wednesday, is looking to extend its earnings streak by bringing its new Model 3 to customers beyond North America. And part of that plan involves accelerating its manufacturing plans in China. Tesla saw its revenue skyrocket to $6.8 billion in the third quarter (and a $312 million profit) thanks to sales of its new Model 3 vehicle, despite production bottlenecks and more recent issues with delivery logistics. The company was able

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