Techmeme
February 16, 2016, 2:00 PM

Top News

Reuters:
Apple Pay to go live in China on Feb 18  —  Apple Inc's (AAPL.O) Apple Pay mobile payment system will be available in China from Feb. 18 for Industrial and Commercial Bank of China Ltd (ICBC) (601398.SS)(1398.HK) customers, bank representatives said in social media posts on Tuesday.
Matt Kinne / Phone Probe:
Galaxy S7 water resistance confirmed from Samsung video, website  —  The Galaxy S7 has been well-documented ahead of the official debut on February 21st.  We know what the specs are thanks to Evan Blass (evleaks) and that there will be two devices, the S7 and S7 edge.
Peter Kafka / Re/code:
Apple Uses Dr. Dre Video, Other TV Production as Apple Music Marketing  —  Wait a minute: After years of anticipation, Apple finally made its entry into the TV business, and the rest of the world ... shrugged?  —  Well, yes.  But also, no.  —  Because it's interesting — but not that interesting.
Jordan Crook / TechCrunch:
Giphy closes $55M Series C at a $300M post-money valuation led by Lightspeed Venture Partners, though the service is not yet monetizing  —  Giphy Closes $55 Million Series C At A $300 Million Post-Money Valuation  —  Giphy, the Google of GIFs, has closed a $55 million Series C funding round at a valuation of $300 million post-money.
Daniel Rubino / Windows Central:
LINE kills MixRadio, the music streaming service it bought from Microsoft in 2014  —  The end of MixRadio as LINE quietly kills off music streaming service  —  After a whirlwind ride through many owners the latest one - LINE - has just posted a late-night press release noting that the company …
Pavel Alpeyev / Bloomberg Business:
Vaio owner says it aims to strike three-way merger deal with the PC units of Toshiba and Fujitsu by March's end, focusing on Japan market at first  —  Vaio Near Deal With Toshiba, Fujitsu to Form Japan PC Giant  —  Sony's PC spinoff aims to strike a merger deal by March's end
Matthew Zeitlin / BuzzFeed:
Venmo says $1B was transferred over its service in January, $7.5B in all of 2015  —  A Billion Dollars Was Transferred Over Venmo In January  —  People transferred $1 billion over Venmo in January, the company said today, showing that usage of the mobile money app is still growing fast.
Sarah Perez / TechCrunch:
Fast-Growing Photo App Everalbum, A Chart-Topper On iOS, Comes To Android  —  There are apps that promise to help you free up space on your smartphone by backing up then deleting your photos.  There are apps that help you organize your photos into albums, and share them with friends.
LG Newsroom:
LG details its Stylus 2 smartphone: 5.7 inch display, 1.2 GHz quad-core processor, 1.5GB RAM, 13 MP rear camera, 8 MP front camera, will be unveiled at MWC 2016  —  ALL NEW LG STYLUS 2 TO MAKE FIRST PUBLIC APPEARANCE AT MWC 2016  —  Enhanced Stylus Pen Offers Easy Note Taking and Drawing Experience
Douglas MacMillan / Wall Street Journal:
Sources: DoorDash nears completion of round valuing it at around $700M, below $1B goal; Sequoia, YCombinator, Khosla Ventures agreed to invest over $110M  —  DoorDash Misses $1 Billion Valuation Target  —  Latest round of investments seen valuing food-delivery startup around $700 million

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Steve Ragan / CSO:
John Kell / Fortune: