TikTok-parent ByteDance launches its first gadget in a big education push

ByteDance on Thursday unveiled its first consumer hardware product, a smart light lamp with a display, that it says is part of its education technology portfolio as the Chinese internet giant continues to expand to categories beyond social video. The Dali smart lamp features a display, camera and built-in digital assistant. The Dali smart lamp […]

Top Facebook India executive Ankhi Das leaves the company

Ankhi Das, a top Facebook executive in India, is leaving the company on Tuesday months after she was alleged to interfere in how the company enforced its hate-speech policy in the country to show favoritism to the ruling Bharatiya Janata Party. Facebook has denied the allegations, and people close to Das (pictured above) said her […]

Hubilo raises $4.5 million, led by Lightspeed, to focus on virtual events

Earlier this year, the founders of event analytics platform Hubilo pivoted to become a virtual events platform to survive the impact of COVID-19. Today, the startup announced it has raised a $4.5 million seed round, led by Lightspeed, and says it expects to exceed $10 million bookings run rate and host more than one million […]

Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPO

The long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong exchanges. Shares for the company formerly known as Ant Financial are expected to price at around HK$80, or roughly 68 to 69 Chinese Yuan. The company is selling […]

Netflix to test free weekend-long access in India

Netflix plans to give users in India access to its service at no charge for a weekend as part of a test to expand its reach in the country, a top company executive said Tuesday. The American streaming giant, which today reported a slow users growth for the quarter that ended in September, recently stopped […]

As startups accelerate in record Q3, Europe and Asia rack up huge VC results

Venture capital activity in Europe and Asia saw a strong return to form in Q3, data indicates. The two continents enjoyed more venture capital investment into their local startups than in some time, underscoring that strong VC results the United States saw in the third quarter were not a fluke, but part of a broader […]

Singapore tech-based real estate agency Propseller raises $1.2 million seed round

Propseller, a Singapore-based real estate agency that combines a tech platform with in-house agents to close transactions more quickly, announced today it has raised $1.2 million in seed funding. The round included investment from Iterative; Hustle Fund; XA Network; Rapzo Capital; Lazada co-founder Stein Jakabo; and Dot Property founder Ben Neve. Propseller also said “three […]

Alibaba Group will spend $3.6 billion to take control of Chinese supermarket giant Sun Art

Alibaba Group said today it will spend about $3.6 billion to take a controlling stake in Sun Art, one of China’s largest big-box and supermarket chains. After the transaction is complete, Alibaba Group will own 72% of Sun Art. As in other countries, COVID-19 lockdowns increased demand for online food orders in China, drawing in […]

Miniso, the Japanese-looking variety store from China, sees shares jump in US IPO

Investors are jumping aboard a value store chain that is bringing Japanese-inspired lifestyle goods to consumers around the world. The company, Miniso, raised $608 million from an initial public offering in New York on Thursday. It debuted at $24.40, above its pricing range of $16.50 to $18.50, and finished the day up 4.4%. Everything about […]

South Korean startup Cochlear.ai raises $2 million Series A to detect the sounds missed by speech recognition

Sit quietly for a moment and pay attention to the different sounds around you. You might hear appliances beeping, cars honking, a dog barking, someone sneezing. These are all noises Cochlear.ai, a Seoul-based sound recognition startup, is training its SaaS platform to identify. The company’s goal is to develop software that can identify almost any […]