Techmeme

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Jon Russell / TechCrunch:
Alibaba says it will invest $15B over five years in logistics and takes majority stake in logistics firm Cainiao for $807M   —  Alibaba is getting serious about logistics after it agreed to invest RMB 5.3 billion ($807 million) in order to take majority ownership in subsidiary company Cainiao.
Sep 26, 2017, 1:15 PMIn context
Jon Russell / TechCrunch:
Southeast Asian gaming and e-commerce firm Sea, formerly Garena, files for $1B US IPO   —  Southeast Asia-based games and e-commerce firm Sea, formerly known as Garena, has officially filed for its much-anticipated U.S. IPO.  The company, which is valued at over $3.75 billion …
Sep 24, 2017, 3:05 PMIn context
Jon Russell / TechCrunch:
BTC China, one of the country's top three bitcoin exchanges, announces it will suspend all trading for China-based customers from September 30   —  A number of China's top bitcoin exchanges are preparing to suspend their services following instructions from the government.
Sep 14, 2017, 10:50 AMIn context
Jon Russell / TechCrunch:
OmiseGo and Qtum become first ICO-issued Ethereum ERC20-based crypto tokens to pass $1B market cap   —  It was always likely to happen, but the speed in which the first ICOs worth more than $1 billion have arrived is surprising.  —  Today both OmiseGO (OMG) and Qtum passed a $1 billion market cap today …
Sep 1, 2017, 4:30 AMIn context
Jon Russell / TechCrunch:
Tencent reports $15.7B Q2 revenues and a record quarterly profit of $2.7B, up 70% YoY, as company's mobile game revenue tops PC, propelled by Honour of Kings   —  Tencent, Asia's highest valued technology company, posted a record quarterly profit of $2.7 billion (18.2 billion RMB) thanks to explosive growth from mobile games.
Aug 19, 2017, 3:50 AMIn context
Jon Russell / TechCrunch:
Alibaba leads $1.1B investment in Indonesia-based e-commerce firm Tokopedia   —  Alibaba has continued its push into Southeast Asia after it led a $1.1 billion investment in Tokopedia, an e-commerce firm based in Indonesia.  —  A valuation for the deal was not announced …
Aug 17, 2017, 11:35 AMIn context
Jon Russell / TechCrunch:
Hong Kong's PCCW raises $110M for 18% stake in its video and music streaming unit from Hony Capital, Foxconn, and Temasek   —  This week seems to be a good one for media streaming companies in Asia.  Hot on the heels of Malaysia-based Iflix raising $133 million for its Netflix-like service …
Aug 14, 2017, 6:00 AMIn context
Jon Russell / TechCrunch:
Didi Chuxing makes an undisclosed investment in Middle Eastern ride-hailing service Careem, which operates in 80 cities across 13 countries   —  A week after its first investment in Europe, Chinese ride-sharing giant Didi Chuxing is spreading its wings once again after it announced a financing deal …
Aug 8, 2017, 2:35 AMIn context
Jon Russell / TechCrunch:
Iflix raises $133M led by Hearst, which has also backed Roku, for its $3/month Netflix-style service for emerging markets   —  Iflix, an Asia-based startup providing Netflix-like streaming services in emerging markets, has landed $133 million in fresh funding to accelerate its business.
Aug 7, 2017, 12:30 PMIn context
Jon Russell / TechCrunch:
Didi Chuxing makes an undisclosed investment in Taxify, an Uber rival that operates in 18 countries in Europe and Africa   —  Didi Chuxing, the ride-sharing company that forced Uber out of China, has expanded its increasingly global empire after it made an investment in Taxify …
Aug 1, 2017, 5:00 AMIn context

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