Techmeme

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Lulu Yilun Chen / Bloomberg:
Sources: Didi weighing $6B SoftBank-backed funding to expand R&D; Apple and Tencent considering joining investment on a pro-rata basis to avoid stake dilution   —  Tencent, Apple considering chipping in to avoid share dilution  —  The Chinese ride-sharing leader needs capital for R&D
Mar 28, 2017, 10:30 AMIn context
Bloomberg:
Sources: Grab, Uber's largest rival in Southeast Asia, raising $1.5B+ led by SoftBank   —  SoftBank said to back $1 billion investment to help expansion  —  Grab racing against Go-Jek for ride, payment dominance  —  Grab, Uber Technologies Inc.'s largest rival in Southeast Asia …
Mar 25, 2017, 6:35 AMIn context
Bloomberg:
Backlog of pending bitcoin transactions up 5x YoY, as some big miners back “Bitcoin Unlimited” upgrade plan, increasing likelihood of hard forking blockchain   —  ‘Bitcoin Unlimited’ gains support of world's largest miner  —  Opponents say move could split bitcoin into two currencies
Mar 13, 2017, 2:50 PMIn context
Lulu Yilun Chen / Bloomberg:
Chinese bike-sharing service Ofo raises $450M Series D round at a $1B+ valuation from DST, Didi Chuxing, and others   —  Bike-sharing service raises $450 million in a Series-D  —  Ofo gains a unicorn-valuation of more than $1 billion  —  A bruising battle between China's two largest bike-sharing services just ramped up a notch.
Mar 1, 2017, 12:35 AMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba announces new retail strategic partnership with Shanghai Bailian Group, one of China's largest retailers, will upgrade Bailian's 4.7K stores in China   —  Jack Ma's new retail vision racing against Amazon Go  —  Partnership follows Alibaba's investment in Intime, Suning
Feb 21, 2017, 9:20 AMIn context
Lulu Yilun Chen / Bloomberg:
China's “Uber for trucks” Huochebang raises $115M at $1B valuation from Tencent, others   —  Tencent-backed Huochebang raised $115 million for expansion  —  IFC, All-Stars Investment co-led the new funding round  —  Truck Alliance Inc., an Uber-type service for trucks known …
Dec 26, 2016, 6:40 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Alibaba's on-demand services unit Koubei close to raising $1.2B round at $8B valuation from Silver Lake, Jack Ma's Yunfeng, others   —  Primavera, CIC also said part of higher-than-expected funding  —  Other backers said to include CDH Investments, Yunfeng
Dec 22, 2016, 10:20 PMIn context
Lulu Yilun Chen / Bloomberg:
Chinese selfie app maker Meitu closes flat on first day of trading after raising $629M at a $4.6B valuation in an IPO in Hong Kong   —  Chinese maker of selfie apps starts trading on Thursday  —  Meitu says mobile hardware contribution to drop to 30 percent
Dec 14, 2016, 11:40 PMIn context
Bloomberg:
Source: Airbnb in talks to buy Chinese home-rental rival Xiaozhu, which says it has 10M active users and over 100K listings in 301 cities across China   —  Companies said to hold multiple meetings on a combination  —  Airbnb planning to boost China workers, add more listings
Nov 23, 2016, 12:35 PMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba sales of $5.1B beat estimates as cloud revenue more than doubled, sales from the new digital media and entertainment division quadrupled   —  Profit also beat expectations just a week before Singles' Day  —  Cloud revenue more than doubled, entertainment quadrupled
Nov 2, 2016, 8:05 AMIn context

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