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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 […]
Social media-fuelled anti-vaxxer propaganda is the latest online harm the U.K. government is targeting. Speaking on BBC Radio 4’s Today program this morning health secretary Matt Hancock said he will meet with representatives from social media platforms on Monday to pressure them into doing more to prevent false information about the safety of vaccinations from […]
Huawei’s controversial status in North America and Europe stems from a lot of different factors. At the heart of most of them, however, is the hardware maker’s alleged ties to the Chinese government. The notion of government control has been enough to cause something approaching an outright ban on its products in the States, over […]
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Facebook reserves $3B for FTC fine, but keeps growing with 2.38B users in Q1 A massive penalty hangs over Facebook’s head, […]
Comcast is in talks about selling its 30 percent stake in Hulu to Disney, according to a report from CNBC this morning. The discussions are still in early stages. Comcast is considering whether the timing is right for the sale, as Hulu’s valuation could still increase over time. But if Comcast is less certain about […]
The latest damning assessment of Facebook’s trampling of user privacy comes from the Canadian and Columbia privacy commissioners — which have just published the results of an investigation kicked off in the wake of the Cambridge Analytica data misuse scandal last year. They found the social network company committed serious contraventions of local laws and […]
Long before there was an autonomous vehicle industry, there was Project Chauffeur — a secret endeavor staffed by about a dozen engineers and housed under Google’s moonshot factory X. That venture, popularly known as the Google self-driving car project, would eventually graduate from its project status to become a standalone company called Waymo in 2016 […]
