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Amazon’s cloud computing unit is making further inroads into Asia after it opened a data center in Hong Kong this week, adding to the seven existing locations where it currently operates across Asia Pacific and China. The new entry will likely give the American giant a leg up in its regional battle with Alibaba’s cloud […]
Slack has filed to go public via a direct listing. Similar to what Spotify did last year, this means that the company won’t have a traditional IPO, and will instead allow existing shareholders to sell their stock to investors. The company’s S-1 filing says it plans to make $100 million worth of shares available, but […]
Amazon is prepping a high-fidelity music streaming service for a launch by year-end, according to a report from Music Business Worldwide — a site which also accurately reported Amazon’s recent launch of the free, ad-supported Amazon Music service for Echo device owners. As for the high-fidelity service, the plan is to charge around $15 per […]
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate Clark and Alex Wilhelm dug into the latest, namely big news on the fund front from folks you know, two China-based companies going public on domestic exchanges and what’s next in the long-running sagas of […]
In what seems like a historic moment in crypto, the New York state attorney general’s office has announced that it is investigating iFinex, the company behind exchange Bitfinex and stablecoin Tether, over an alleged $850 million fraud. Attorney General Letitia James’ office said on Thursday that it is looking at how the company (apparently) lost $850 […]
Uber, the transportation-on-demand behemoth, today filed its much-anticipated updated S-1, where it announced that it would be pricing its initial public offering at $44-50 per share. Selling 180 million common shares, Uber plans to raise between $7.9 billion and $9 billion ahead of its public debut on the NYSE, valuing it at $84 billion — squarely in […]
China’s Ctrip, the world’s second largest online travel company, is doubling down on India after it announced a deal to increase its ownership of travel company MakeMyTrip to nearly half. Ctrip will boost its ownership of MakeMyTrip, which is listed on the Nasdaq as Ctrip, to 49 percent through an exchange deal that sees Naspers, the […]
London-based startup Wheely has raised a $15 million Series B round led by Concentric, with Oleg Tscheltzoff, Misha Sokolov and other investors also participating. The company wants to build an Uber competitor focused on the luxury market. It’s a bit ironic when you think about it, as Uber started as a luxury company. But everybody […]
RosieReality, a startup out of Zürich developing consumer augmented reality experiences, has raised $2.2 million in seed funding led by Redalpine. Other backers include Shasta Ventures, Atomico partners Mattias Ljungman and Siraj Khaliq (both of whom invested in a personal capacity) and Akatsuki Entertainment Fund. Founded in early 2018, RosieReality’s first AR experience is designed […]
It’s official: Nikkei, the Japanese media firm that owns the FT, has confirmed that it has acquired Singapore-based new media startup Deal Street Asia. (The Nikkei announcement is buried behind a paywall — make of that what you will!) The deal is undisclosed, but the announcement does confirm a TechCrunch report from last month that […]
