Techmeme

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Selina Wang / Bloomberg:
How apps like De Dao, fewer entertainment options, and widespread adoption of mobile payments are fueling a paid content boom in China   —  For years, China was known mostly for copying U.S. innovations.  Now, the copy-catting is flowing the other way.  —  Back in early 2016 …
May 28, 2017, 5:50 AMIn context
Bloomberg:
Sources: Musical.ly is in talks with media companies including Viacom and NBCUniversal to make original shows, set to launch this summer   —  Tween video app aims to launch new shows as soon as summer  —  Virtual face mask creation tool among other new features
May 19, 2017, 2:30 PMIn context
Bloomberg:
China's Alipay announces deal with payment processor First Data Corp to let its users shop at 4M stores in US   —  Mobile payments wallet to be accepted at 4 million U.S. stores  —  Alipay says it's part of broader international expansion  —  China's mobile-payments king wants a piece of the world's biggest consumer market.
May 9, 2017, 4:10 AMIn context
Bloomberg:
Sources: Lyft forecast a $130M loss and $800M in gross bookings for Q1, and booked 22.8M rides in February after #DeleteUber, up 137% YoY   —  The No. 2 U.S. ride-hailing provider has seized on Uber's recent troubles  —  Lyft Inc.'s bookings and ridership surged in the first quarter …
Apr 27, 2017, 12:52 PMIn context
Selina Wang / Bloomberg:
Source: Square acquired the engineering team of Yik Yak, which had raised ~$74M in total funding, for less than $3M   —  Company pays less than $3 million for small team of engineers  —  The deal is a sign of the once high-flying app's decline  —  Square Inc. acquired the engineering team of Yik Yak …
Apr 24, 2017, 2:40 PMIn context
Selina Wang / Bloomberg:
Source: LeEco missed its $100M US sales goal in 2016, generating less than $15M, will eliminate 175 of 475 jobs in US   —  Chinese tech firm falls far short of $100 million revenue goal  —  U.S. ambitions also hindered by collapse of deal to buy Vizio  —  Chinese technology conglomerate LeEco Inc …
Apr 10, 2017, 7:00 PMIn context
Selina Wang / Bloomberg:
Sources: Chinese tech conglomerate LeEco delayed payroll for US employees this month amid cash squeeze, as some high-profile execs depart to Samsung   —  Tech conglomerate's U.S. plans falter after aggressive growth  —  Some high-profile executives, wooed from Samsung, have left
Apr 4, 2017, 1:30 PMIn context
Selina Wang / Bloomberg:
Square buys assets of OrderAhead, a service for placing takeout orders at restaurants ahead of time; Square's Caviar launches its own restaurant pickup service   —  Deal capitalizes on trend of ordering online ahead of time  —  Caviar, Square's food delivery unit, to incorporate new app
Mar 4, 2017, 11:40 AMIn context
Selina Wang / Bloomberg:
Used goods marketplace Letgo raises $175M Series C from Accel and others, has raised $325M since '15 launch, still doesn't charge for Craigslist-like service   —  Letgo, an online marketplace for buying and selling used goods, said it raised $175 million to invest in growth plans and grab market share from EBay Inc. and Craigslist.
Jan 17, 2017, 1:25 PMIn context
Selina Wang / Bloomberg:
GoPro to cut 15% of workforce, or 200+ jobs, shut down entertainment unit, incur up to $33M in restructuring costs; president Tony Bates to leave by year end   —  Action-camera maker sees charges of as much as $33 million  —  Tony Bates will depart his position as president by year end
Nov 30, 2016, 8:40 AMIn context

Sponsor Posts

Microsoft:
Helping homeless parents forge their futures  —  Meet the Detroit nonprofit that's inspiring employees through on-the-job education and training.
eero:
“The eero Beacon is the perfect addition to its family of products”  —  See what TechCrunch had to say about the 2nd generation of eero WiFi systems.
Zoho:
Zoho partners with LinkedIn to bring Sales Navigator to Zoho CRM  —  Twenty-eight percent of sales reps and business development professionals are using social selling tools 3-5 hours per week, with over 20% spending 5-10 hours per week.
Vantiv:
Join us for a webinar on Deploying payments technology in the cloud: Debunk the myths!  —  Tune in for a panel discussion hosted by Vantiv in collaboration with Microsoft where experts will be discussing the benefits …
Worldpay:
Ever imagine how payments on a VR headset work?  —  Check out our demo here.