Techmeme

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Lulu Yilun Chen / Bloomberg:
Sources: Chinese internet company Tencent is developing its own autonomous driving technology, including creating and testing a prototype internally   —  Tencent is said to have created an autonomous driving system  —  Tencent is competing with Google, Baidu, Tesla in the space
Nov 6, 2017, 10:50 PMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba beats with Q2 revenue of $8.3B, up 61% YoY, and raises annual revenue growth forecast from 45%-49% to 49%-53%   —  Quarterly earnings-per-share also beat analysts' projections  —  Alibaba's dominance in Chinese retail is drawing advertisers  —  Alibaba Group Holding Ltd. raised …
Nov 2, 2017, 10:55 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Tencent-backed Meituan Dianping, China's largest group-buying and restaurant reviews service, is close to raising $3B+ at a $28B valuation   —  The startup is said to plan to seal funding round within days  —  Meituan is said to be raising at a $28 billion valuation
Sep 27, 2017, 3:55 PMIn context
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

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