Reuters reported that the U.S. government is considering placing new restrictions on Chinese investment into American companies developing artificial intelligence, machine learning and other technologies with strategic importance to the United States. The report, based off of documents that haven’t been released publicly, suggests that, in the view of Reuters, the “U.S. government is now looking to strengthen… Continue reading Regulation could stifle growing China-US venture activity
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Mobike will launch dockless bike-sharing in the U.K., its first market outside of Asia
Mobike, one of China’s largest bike-sharing companies, will launch in Manchester and Salford, its first cities outside of Asia. The service is slated to arrive on June 29, the Beijing-headquartered company said, and will start with 1,000 bikes. Mobike’s launch outside of Asia (it expanded into Singapore in March) heightens is competition with Ofo, another… Continue reading Mobike will launch dockless bike-sharing in the U.K., its first market outside of Asia
What is happening to cryptocurrency valuations?
The total market cap for all cryptocurrencies just surpassed $100 billion. The vast majority of these gains have come in just the last few months — on April 1st the total market cap was just over $25 billion — representing a 300 percent increase in value in just over 60 days. While some of these… Continue reading What is happening to cryptocurrency valuations?
Blispay raises $12 million to help retail customers avoid payments for 6 months
If you’re looking to buy something, but don’t want to pay for it yet, Blispay thinks it has the solution for you. The startup works with small and mid-sized businesses to help retail customers defer payments for six months. Baltimore-based Blispay has been gaining traction and raised an additional $12 million in funding after raising… Continue reading Blispay raises $12 million to help retail customers avoid payments for 6 months
Instagram on copying Snapchat: “This is the way the tech industry works”
That’s Instagram’s VP of Product Kevin Weil’s perspective about cloning Snapchat. He’s the man in charge of bringing Snap CEO Evan Spiegel’s vision to a much larger audience, reforging his features for the mainstream, and then taking Instagram a step further. But rather than showing guilt, remorse, or reluctance about copying what’s worked for Snap,… Continue reading Instagram on copying Snapchat: “This is the way the tech industry works”
Inside Andy Rubin’s futuristic Playground hardware incubator
With titanium 3D printers, electrostatic charge tables, and a giant slide, Playground Global lives up to it’s a name. Here we take you on a tour of Android operating system inventor Andy Rubin’s hardware startup incubator that’s backed by a $300 million fund. Check out how the whimsical space lets scrappy hackers compete with Facebook… Continue reading Inside Andy Rubin’s futuristic Playground hardware incubator
Indonesia’s Uber rival Go-Jek raises $1.2 billion led by Tencent at a $3 billion valuation
Go-Jek, the motorbike on-demand startup that is battling Uber and Grab in Indonesia, has closed a new round of $1.2 billion led by Chinese internet giant Tencent, two sources close the company told TechCrunch. The deal, which we understand was signed last week, values the company at $3 billion post money. It is expected to be officially… Continue reading Indonesia’s Uber rival Go-Jek raises $1.2 billion led by Tencent at a $3 billion valuation
Data management startup Rubrik is raising up to $200M on a $1B valuation
Make way for another juggernaut amongst enterprise startups: Rubrik, a data backup company that only emerged from stealth in 2015, is in the process of raising between $150 million and $200 million on a valuation of $1 billion as the company enters a period of strong demand for its storage and data management products, according… Continue reading Data management startup Rubrik is raising up to $200M on a $1B valuation
Breaking records, enterprise fundings are up nearly 80% in Q1 2017
After a lackluster year for enterprise technology venture capital investments, 2017 kicked off with a record breaking quarter for enterprise technology startups. Following 4 straight quarters of decreasing investment, investors poured a record-breaking $5 billion dollars into enterprise technology startups in the first quarter of 2017 alone – a nearly 80% increase from the previous… Continue reading Breaking records, enterprise fundings are up nearly 80% in Q1 2017
Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at an $11.6 billion valuation
Following months of rumors, Indian e-commerce giant Flipkart has confirmed that it has raised $1.4 billion in new funding at a post-money valuation of $11.6 billion to battle Amazon and Alibaba. The deal includes some big name strategic investors: China’s Tencent, eBay and Microsoft, which joint existing Flipkart backers that include Tiger Global, Naspers, Accel and DST Global.… Continue reading Flipkart raises $1.4 billion from eBay, Microsoft and Tencent at an $11.6 billion valuation