Techmeme

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Peter Smith / Financial Times:
French asset manager Tobam launches Europe's first bitcoin mutual fund, which is classified as an alternative investment fund and not traded on an exchange   —  A small Paris-based asset manager has launched Europe's first bitcoin mutual fund in a move intended to draw institutional investor interest …
Nov 22, 2017, 9:05 AMIn context
Yuan Yang / Financial Times:
Six students say school sent group of 3,000 to Foxconn for three months of “work experience”, routinely working 11-hour days on iPhone X, breaking overtime law   —  Apple's main supplier in Asia has been employing students illegally working overtime to assemble the iPhone X …
Nov 21, 2017, 12:10 PMIn context
Aliya Ram / Financial Times:
UK-based Graphcore, maker of machine learning chips, has raised $50M from Sequoia Capital   —  UK chipmaker Graphcore has raised $50m from Sequoia Capital, one of Silicon Valley's top venture capital firms, as the start-up angles to become Britain's biggest maker of artificial intelligence hardware.
Nov 12, 2017, 7:30 PMIn context
Richard Waters / Financial Times:
Profile of Broadcom CEO Hock Tan as he tries to acquire Qualcomm for $130B   —  Hock Tan was feeling sensitive.  As the most acquisitive executive in the chip industry, it was probably inevitable that his rapid-fire spate of deals — capped this week by a $130bn run at struggling Qualcomm — would bring charges of opportunism.
Nov 11, 2017, 4:20 PMIn context
Financial Times:
Sources: US DoJ tells AT&T it needs to sell CNN to get Time Warner merger approval; source says “It's all about CNN”; source says AT&T plans to sue DoJ   —  AT&T has been told by the US Department of Justice that it needs to sell CNN, Time Warner's cable news channel …
Nov 8, 2017, 6:40 PMIn context
Financial Times:
Sources: SoftBank in talks to invest in German online car dealer Auto1 at €2.5B+ valuation   —  SoftBank is in talks to invest in Germany's Auto1, which would make the fast-growing online car dealer one of Europe's most highly valued private start-ups.  —  The investment would be the …
Nov 3, 2017, 11:40 AMIn context
Simon Mundy / Financial Times:
India's startups have raised almost $10B in 2017 compared to $4.4B in 2016 and $7.9B in 2015   —  The megabucks are back for Indian tech start-ups.  Last year, the funding environment darkened after two years of exuberant investment followed by warnings that growth forecasts had been far too optimistic.
Oct 30, 2017, 2:55 AMIn context
Financial Times:
Chinese online lender Qudian raised $900M in US IPO, closed up 22% on its first day of trading on Wednesday   —  Qudian, one of China's largest online lenders, had a debut to remember on the New York Stock Exchange this week.  Its shares closed up 22 per cent, making a multi-millionaire of founder and chief executive Min Luo.
Oct 22, 2017, 9:50 PMIn context
Madhumita Murgia / Financial Times:
Google says it plans to take a percentage of fees for new subscriptions that media publishers get via its upcoming subscriber targeting tools   —  Google plans to share revenues with publishers which benefit from the company's new digital subscription tools, in a scheme comparable to its successful advertising revenue model.
Oct 22, 2017, 2:55 PMIn context
Leslie Hook / Financial Times:
Airbnb partners with property developer Newgard on 300-unit rental complex near Orlando, to be built, owned by Newgard but branded “Niido powered by Airbnb”   —  Airbnb is stepping up its challenge to traditional hotel operators, launching branded, purpose-built apartments in Florida …
Oct 12, 2017, 6:15 PMIn context

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