Techmeme

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Lulu Yilun Chen / Bloomberg:
Analysis of Alibaba's earnings report shows the company's financial affiliate Ant Financial posted ~$1.4B in pretax profit in the year ended March, up 65% YoY   —  - Jack Ma's Ant is said to seek private funding of $10 billion  — Ant Financial posted full year profit of 9.18 billion yuan
May 6, 2018, 5:00 AMIn context
Bloomberg:
Chinese student activist's letter about faculty intimidation was attached to an ether transaction and posted to the blockchain to evade #MeToo movement censors   —  Rare student movement seeks to avert government curbs  —  Blockchain was used as an anti-censorship tool in the petition
Apr 24, 2018, 9:00 PMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba says its smart assistant, Tmall Genie, will be featured in Chinese Mercedes, Audi, and Volvo autos, joining ~100 brands Alibaba says it's partnered with   —  Volvo will also feature the Tmall Genie digital assistant  —  Alibaba jumped on the virtual assistant banwagon a year ago
Apr 24, 2018, 1:50 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Chinese on-demand services app Meituan Dianping to seek at least $60B valuation in Hong Kong IPO as soon as this year   —  Company is said to want to go public as soon as this year  —  Meituan's considering a listing in Hong Kong and China as well
Mar 23, 2018, 11:25 AMIn context
Lulu Yilun Chen / Bloomberg:
Tencent Q4 profit of ~$3.3B beat estimates on revenue of ~$10.4B, bolstered by mobile game hits like Honour of Kings and a growing ad business   —  Tencent Holdings Ltd. posted quarterly profit that beat estimates, bolstered by mobile game blockbusters like Honour of Kings and a growing ad business.
Mar 21, 2018, 7:30 AMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba will invest another $2B in Southeast Asian online mall Lazada; Ant Financial's executive chair will replace Lazada's CEO   —  Ant Executive Chair Lucy Peng to replace Lazada's CEO  —  Alibaba investment in Lazada reaches $4 billion in total  —  Alibaba Group Holding Ltd …
Mar 19, 2018, 12:40 AMIn context
Bloomberg:
Sources: Chinese app Qu Toutiao, which aggregates news and video and is a rival of ByteDance's Jinri Toutiao, weighs US IPO, seeking up to a $3B valuation   —  Qu Toutiao considers listing in U.S. as soon as this year  —  News and video aggregation mobile app launched in June 2016
Mar 14, 2018, 7:50 PMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Alibaba to buy out some investors, including Baidu, of food-delivery service Ele.me, making it the biggest player in China's online food delivery space   —  Alibaba is said to want Ele.me's last-mile delivery network  —  Ele.me had acquired Baidu's food delivery business in August
Feb 26, 2018, 11:30 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Chinese e-commerce startup Meicai, which helps farmers sell vegetables to restaurants, has raised $450M Series E at $2.8B valuation   —  Tiger, CMC, Genesis are said to lead $450 million investment  —  Meicai app seeks fund for expansion in vegetable sourcing
Jan 12, 2018, 6:35 PMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Tencent Music plans IPO in 2018, is expected to raise $1B+, valued at $10B   —  Internet giant is said to plan music-business IPO next year  —  Katy Perry, local artists exploit messaging, karaoke apps  —  One of China's most-anticipated initial public offerings next year …
Dec 17, 2017, 10:20 PMIn context

Sponsor Posts

Microsoft:
Making gaming accessible to all  —  Read the story behind the new Xbox Adaptive Controller, which will make gaming accessible to people with a broad range of disabilities.
eero:
CNET: eero Labs introduces a new innovation playground for networks.  —  eero is introducing eero Labs to give its customers a chance to try out new features on its mesh Wi-Fi system before they go mainstream.
IBM:
Multi-platinum music producer collaborates with AI and APIs  —  See how IBM partnered with Spotify to help Alex da Kid find the perfect match for his upcoming single.
Zoho:
How to connect in 60 seconds...  The best sales professionals are always looking for the slightest advantage to help them connect with more clients and close more deals.  —  They focus on small things …
CB Insights:
How Google Plans To Use AI To Reinvent The $3 Trillion US Healthcare Industry  —  In this report we explore Google's many healthcare initiatives and areas of potential future expansion.