Techmeme

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The Information:
Sources: Qualcomm's joint venture with Guizhou province on a server chip plant will be shut down; Qualcomm and the province spent $570M on the plant since 2016   —  A joint venture between Qualcomm and the government of a rural Chinese province to make server chips will wind down by the end of the month …
Apr 20, 2019, 9:40 PMIn context
Yunan Zhang / The Information:
ByteDance, the Chinese company behind TikTok and newsfeed app Toutiao, has doubled its headcount to ~40,000 in one year and now operates more than 20 apps   —  To grow fast in China, apparently, you've also got to get big.  —  ByteDance, the Chinese company behind TikTok …
Apr 4, 2019, 6:20 PMIn context
Jessica Toonkel / The Information:
Sources: Amazon is planning to launch a free ad-supported video news app for Fire TV devices, featuring digital news programming from TV networks   —  Amazon.com is planning to launch a free ad-supported video news app for its Fire TV streaming video devices, featuring digital news programming …
Mar 29, 2019, 2:20 PMIn context
Zoë Bernard / The Information:
Source: Carta, formerly eShares, is close to completing a $300M funding round led by a16z at a ~$1.8B valuation; Carta raised $80M in December   —  Carta, a startup that helps investors manage their equity stakes in private companies, is close to having a new set of investors of its own.
Mar 28, 2019, 8:00 PMIn context
Wayne Ma / The Information:
Analysis: share prices for some of Apple's top suppliers declined 23% YoY on average in 2018, while Apple's share price only fell 5%   —  As Apple goes, so go its suppliers—but worse.  —  Share prices for top companies that make parts for Apple products declined far more than Apple's own stock …
Mar 15, 2019, 9:20 AMIn context
Aaron Tilley / The Information:
Apple has acquired Laserlike, a small Silicon Valley-based ML startup, likely to strengthen its AI efforts; Laserlike had raised $24M+ according to Crunchbase   —  Apple has acquired Laserlike, a small Silicon Valley-based machine learning startup, which could help strengthen …
Mar 13, 2019, 6:40 PMIn context
Amir Efrati / The Information:
Source: Waymo is seeking financing from outside investors such as the German automaker Volkswagen   —  Alphabet's Waymo self-driving car division has been seeking financing from outside investors, such as European automakers like Volkswagen, according to a person with direct knowledge of the situation.
Mar 11, 2019, 6:00 PMIn context
The Information:
Sources: Bytedance is planning to launch a Slack-like work collaboration app; Bytedance had a $1.2B loss last year after mixed results of its TikTok expansion   —  In 2017 ByteDance, owner of such popular apps as newsfeed service Toutiao, made a slim profit.
Mar 6, 2019, 9:05 PMIn context
Zoë Bernard / The Information:
Sources: Kleiner Perkins is expected to lead a $30M round for HR software startup Rippling, led by ex-Zenefits CEO Parker Conrad, valuing it between $200M-$300M   —  Venture capitalists pressured Parker Conrad to step down from his health insurance startup, Zenefits, after the company was found to have skirted insurance regulations.
Mar 4, 2019, 8:10 PMIn context
Jon Victor / The Information:
Source: Circle, which runs cryptocurrency exchange Poloniex and was reportedly valued at ~$3B last year after raising $246M, is raising another $250M   —  Circle, one of the biggest cryptocurrency startups in the U.S., is seeking to raise about $250 million in a combination of equity and debt …
Mar 2, 2019, 2:25 PMIn context

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