Techmeme
August 1, 2016, 1:40 PM

Top News

Eric Newcomer / Bloomberg:
Didi Chuxing acquires Uber China; Uber China investors get a 20% stake of the combined business, which sources say has a $35B valuation  —  Uber Technologies Inc. will merge its China business with Didi Chuxing, the dominant ride-hailing service in the country, according to people familiar with the matter.
Didi Chuxing:
Didi Chuxing to acquire UberChina  —  Combined resources to promote healthy development of the rideshare industry  —  Didi Chuxing today announced a strategic agreement with Uber under which Didi Chuxing will acquire all assets of UberChina—including its brand,business operations and data—for operation within mainland China.
Ingrid Lunden / TechCrunch:
Verizon buys Fleetmatics, provider of SaaS GPS and logistics products, for $2.4B in cash  —  Hot off the heels of its acquisition of Yahoo last week for $4.8 billion, today Verizon announced another huge purchase: it's buying Fleetmatics, a telematics company based out of Dublin, Ireland …
Peter Sterne / Politico:
Jack Marshall / Wall Street Journal:
Brave Raises $4.5 Million to Fuel Growth of Ad-Blocking Browser  —  The company has raised $7 million in the last year  —  Brave Software announced Monday that it has raised $4.5 million to help grow its ad-blocking, privacy-centric web browser, which aims to nullify many of the ad targeting …
Jonathan Shieber / TechCrunch:
Alabama-based Shipt raises $20M Series A to challenge Instacart, Amazon, and Google in fresh food delivery, after becoming profitable in most of its markets  —  Nestled in a valley between the two tailing ends of the Appalachian foothills, the southern city of Birmingham …
Sam Byford / The Verge:
How LeEco differentiates itself from other Chinese manufacturers like Xiaomi through its focus on entertainment media, drawing from its streaming video origins  —  Chinese tech firm LeEco made its biggest splash on American soil yet yesterday with the announcement that it's acquiring Vizio, the biggest US maker of TVs, for $2 billion.

Sponsor Posts

Microsoft:
Financial services industry banks on the Microsoft Cloud  —  Examples of scenarios and solutions companies are implementing to drive their digital transformation.
eero:
eero data report  —  Read about trends in connected device adoption, usage patterns and behaviors from 10 major metropolitan areas.
Intercom:
From signed up to satisfied  —  Getting new users is easy; keeping them is hard.  Join Intercom co-founder Des Traynor as he explains how to bridge the gap between a company's initial traction and sustained success.
Zoho:
Zoho Assist teams up with Spiceworks to provide a free remote support tool for IT Pros!  —  Zoho Assist, a remote support and remote access offering from Zoho, has joined hands with Spiceworks, the world's largest community of IT pros.
Worldpay:
Join us on Nov 8th in Burlingame, CA  —  We're leading a panel on the future of web payments with guests Alipay, Samsung Pay and Amex.  Register here.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:40 PM ET, August 1, 2016.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

Earlier Picks