Techmeme

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Jon Russell / TechCrunch:
JD.com posts a slim annual profit of $18M on $55.7B net revenues, up 40.3% YoY, for fiscal year 2017 after company posted a net loss of $139.7M for Q4   —  When you hear ‘e-commerce in China’ you'll probably ‘Alibaba,’ but another company is making progress to challenge the assumption …
Mar 4, 2018, 4:40 AMIn context
Jon Russell / TechCrunch:
India-based music streaming service Gaana raises $115M led by Tencent for creating more personalized services and features for listeners using AI   —  Chinese internet giant Tencent is continuing to put its money in India and in music streaming services after it agreed to lead a $115 million investment in India's Gaana.
Feb 27, 2018, 10:15 PMIn context
Jon Russell / TechCrunch:
Google's Tez, its payment service in India, updates to let users pay bills from 80+ organizations from its iOS and Android apps   —  Google's Tez payment service in India has gotten a major update that allows users to pay their utilities and other bills via the app.
Feb 19, 2018, 5:00 PMIn context
Jon Russell / TechCrunch:
SEC filing: Telegram raised $850M for its TON Blockchain, development and maintenance of Telegram Messenger, more; Telegram is reportedly raising funds via ICO   —  It looks like Telegram's billion-dollar ICO has reached its first milestone after the chat app company raised an initial $850 million, according to a filing.
Feb 17, 2018, 2:20 AMIn context
Jon Russell / TechCrunch:
ICO beneficiaries like Omise Go, Cosmos, Golem, Maker, Raiden launch Ethereum Community Fund; sources say members pooled $100M, will provide $50K-$500K grants   —  In a first of its kind, half a dozen ICO companies have come together to collaborate on a new fund that plans to pay …
Feb 16, 2018, 4:20 PMIn context
Jon Russell / TechCrunch:
Korean messaging platform Kakao's game business, Kakao Games, raises $130M from Tencent and others ahead of IPO   —  Korea's dominant messaging firm Kakao is back raising funds after its games business, a standalone unit that is headed for an IPO, pulled in $130 million (140 billion KRW) …
Feb 15, 2018, 11:15 AMIn context
Jon Russell / TechCrunch:
JD.com raises ~$2.5B by selling stake in its logistics business to investors including Hillhouse Capital and Tencent at $13.5B valuation, will retain 81% stake   —  JD.com, the Chinese e-commerce giant that is Alibaba's closest rival, is raising giving its logistics business a huge boost …
Feb 14, 2018, 11:30 PMIn context
Jon Russell / TechCrunch:
Co-founder forks MyEtherWallet ERC20 token wallet generation tool, changes @myetherwallet Twitter account to @mycrypto, and announces rival MyCrypto service   —  There's controversy in the crypto community after one of the founders of a prominent wallet service for storing and sending cryptocurrencies abruptly announced a rival venture.
Feb 9, 2018, 10:55 PMIn context
TechCrunch:
In email snafu, Apple appears to be sending some developers, who are using Search Ads Basic, ad spend and install details for other developers' apps   —  An issue at Apple appears to be resulting in app developers getting emails of ad spend and install summaries for apps belonging to other developers.
Feb 6, 2018, 7:00 AMIn context
Jon Russell / TechCrunch:
SoftBank buys a 51% stake in Line's MVNO service in Japan, which allows unlimited data for Line services and social sites like Facebook, Twitter, and Instagram   —  SoftBank is partnering up with messaging app Line to help develop its Line Mobile telecom service.
Jan 31, 2018, 10:15 AMIn context

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