China’s fast-rising Bullet Messenger hit with copyright complaint

Bullet Messenger, a fast-rising Chinese messaging upstart that’s gunning to take on local behemoth, WeChat, has been pulled from the iOS App Store owing to what its owners couch as a copyright complaint. Reuters reported the development earlier, saying Bullet’s owner, Beijing-based Kuairu Technology, claimed in a social media posting that the app had been taken down […]

Facebook’s plan to let companies it buys live independently is over

Mark Zuckerberg was quick to realize that Facebook, the largest social network in the world, doesn’t have a monopoly on all users nor can it bank on holding its position as top dog forever. Thus he instituted a policy of buying up promising rivals and integrating them into the Facebook ‘group’ in a strategy designed […]

Apple’s Watch isn’t the first with an EKG reader but it will matter to more consumers

Apple’s COO Jeff Williams exuberantly proclaimed Apple’s Watch was the first to get FDA clearance as an over-the-counter electrocardiogram (EKG) reader during the special event at Apple headquarters on Wednesday. While Apple loves to be first to things, that statement is false. AliveCor has held the title of first since 2014 for its KardiaMobile device, […]

Huawei bags Apple’s 2nd place spot in global smartphone sales: Gartner

Another analyst has Huawei overtaking Apple in the global smartphone rankings for the second quarter this year. The latest figures from Gartner put Huawei ahead on sales to end users in Q2. Overall, Gartner says sales of smartphones to end users grew 2% in the quarter, to reach 374 million units. The analyst pegs the Chinese […]

Global unicorn exits hit multi-year high in 2018

Joanna Glasner Contributor More posts by this contributor Boston-area startups are on pace to overtake NYC venture totals Home run exits happen stealthily for biotech Unicorn exits are taking flight. With the IPO window wide open, an apparent record number of venture-backed companies privately valued over $1 billion have launched public offerings this year. Crunchbase […]

Chinese Tesla rival Nio files to raise $1.8 billion in US IPO

Tesla may be looking to go private, but Chinese rival Nio is going the other way after it filed to raise $1.8 billion in an IPO on the New York Stock Exchange. Nio was started in 2014, initially as NextCar, by Bin Li, an entrepreneur who founded online automotive services platform Bitauto. The company is backed by Chinese […]

IP platform PatSnap picks up $38M from Sequoia and Xiaomi founder’s fund

PatSnap, a Euro-Asian company that offers a patent and R&D platform and services, has pulled in a $38 million Series D funding round led by existing investors Sequoia and Shunwei Capital, the investment firm founded by Xiaomi co-founder and CEO Lei Jun. Southeast Asia’s Qualgro also took part. All three backed the company in 2016 when it led […]

Xiaomi posts $1.1B quarterly loss ahead of much-anticipated IPO

A month after it filed for a much-anticipated Hong Kong IPO, Xiaomi has revealed a little more financial information after a monster 621-page document disclosed a $1.1 billion (seven billion RMB) loss for the first quarter of the year. The IPO, which could raise up to $10 billion value Xiaomi at high as $100 billion, […]

Xiaomi’s new fitness band has 20-day battery life and 50-meter water resistance

Xiaomi’s very-iPhone-X-looking Mi 8 smartphone was the highlight of its Shenzhen press event today, but the company did also unveil a number of other notable products, including an updated version of its popular fitness band. The Mi Band has always offered a solid performance at around $30 — to the point that I’ve bought two […]

Xiaomi’s Mi 8 may be its most brazen iPhone copycat yet

Chinese smartphone firm Xiaomi, which is headed for IPO in Hong Kong, just announced its newest flagship smartphone and a bunch of other products at a launch event in Shenzhen today. Xiaomi has long been accused of copying Apple, but in recent years its design seemed to develop a little more independence than before. The […]