Techmeme

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Lulu Yilun Chen / Bloomberg:
Sources: Sequoia and IDG Capital to invest in Beijing-based Bitmain, the world's largest bitcoin mining organization, which is raising a $50M round   —  Bitmain is said to raise $50 million for AI expansion  —  Bitmain produces bitcoin mining machines, runs mining pools
Sep 4, 2017, 5:50 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Tencent Music plans to sell about 3% stake at $10B valuation to strategic partners including labels to secure streaming rights in China ahead of an IPO   —  Chinese music giant said seeking funds at $10 billion value  —  Partnering with labels may help secure content deals
Sep 2, 2017, 8:05 AMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba's Q1 beat estimates as revenue rose 56% YoY to $7.4B, with revenue rising 58% in core ecommerce, almost 50% in cloud, and 30% in media   —  Results beat projections on both the top and bottom lines  —  Cloud revenue doubles but media climbed just 30 percent
Aug 17, 2017, 9:00 AMIn context
Bloomberg:
Conflict in the community about how to scale Bitcoin, and competing software update proposals like SegWit2x and UASF, could lead to the cryptocurrency split   —  New proposal SegWit2x aims for compromise ahead of Aug. 1  —  Failure to agree could lead to bitcoin splitting into two
Jul 16, 2017, 2:00 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Tencent to launch its most successful mobile game, Honour of Kings, in US, France, Italy, Spain, and Germany   —  China's largest gaming company revs up its overseas expansion  —  Current global versions feature Batman, Van Helsing characters  —  Tencent Holdings Ltd. is preparing …
Jul 8, 2017, 7:00 AMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba launches Tmall Genie, a voice assistant-controlled speaker for Chinese customers, available in limited beta   —  Tencent, Baidu also developing their own home assistants  —  The Tmall Genie will sell for 499 yuan during its trial period  —  The competition in digital speaker-assistants …
Jul 5, 2017, 12:35 PMIn context
Bloomberg:
Profile of Tencent and its President Martin Lau as it plans to expand outside China, where it dominates user attention on smartphones by offering many services   —  The WeChat app has almost a billion users, and many of them use it all day.  So why isn't the company everywhere by now?
Jul 3, 2017, 5:35 AMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba to invest another $1B in e-commerce site Lazada, raising its stake from 51% to 83%, in a bid to extend its presence in the Southeast Asian market   —  The Chinese company is taking its stake to 83% from 51%  —  Deal extends its presence in a nascent Southeast Asia market
Jun 28, 2017, 11:55 AMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba forecasts 45% to 49% revenue growth in fiscal year 2018 compared to 35% in average analyst estimates   —  The internet titan is predicting a rise of up to 49% this year  —  Cloud, media and marketing will drive revenue expansion  —  Alibaba Group Holding Ltd. shares rose …
Jun 8, 2017, 1:40 PMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Alibaba to invest $1B+ in Chinese food-delivery service Ele.me, valuing the company at $5.5B to $6B   —  Ele.me said to be valued at $5.5 billion to $6 billion  —  The Chinese food delivery service competes with Meituan  —  Alibaba Group Holding Ltd. and its financial services affiliate plan …
May 25, 2017, 8:25 PMIn context

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TechCrunch Disrupt SF:
Uber CEO Dara Khosrowshahi at Disrupt SF  —  Khosrowshahi joined Uber following the ousting of then-CEO Travis Kalanick.  It's been a year since he's taken the helm, and we'll talk about the challenges so far.