Insta360, one of the pioneers in making 360-degree cameras, just raised $30 million in a Series C+ funding round from Chinese investors including Everest Venture Capital, MG Holdings and Huajin Capital. The Shenzhen-based camera maker declines to disclose its latest valuation. It plans to use the fresh proceeds in research and development, marketing and after-sales services […]
View More Camera maker Insta360 raises $30M as it eyes 2020 IPOCategory: Asia
Xiaom Q4 sees strong growth in overseas shipment and internet services
Xiaomi, the Chinese company known for its cheap handsets and a vision to drive revenues by selling internet services, has come in ahead of analysts’ estimates in its fourth-quarter profit although revenues missed expectations. The Hong Kong-listed company more than tripled its net profit to 1.85 billion yuan ($276 million), exceeding the 1.7 billion yuan […]
View More Xiaom Q4 sees strong growth in overseas shipment and internet servicesVisa policies threaten innovation but aren’t stopping hiring abroad
The growing intensity of the US visa approval process has made it more difficult for companies to attract, support and retain foreign talent. However, recruiters are still sourcing talent from abroad at an increasing clip. According to a recent, roughly 30-page, report published by Envoy – the corporate workforce immigration management platform – US corporate […]
View More Visa policies threaten innovation but aren’t stopping hiring abroadXiaomi outs Redmi Go, a $65 entry-level smartphone for India
Chinese smartphone maker Xiaomi has announced a new entry level smartphone at an event in Delhi. The entry-level smartphone is targeted at the Indian market and looks intended to woo feature phone owners to upgrade from a more basic mobile. It runs Google’s flavor of Android optimized for low-powered smartphones (Android Go) which supports lightweight […]
View More Xiaomi outs Redmi Go, a $65 entry-level smartphone for IndiaSingapore fintech startup Instarem closes $41M Series C for global growth
Singapore’s Instarem, a fintech startup that helps banks and consumers send money overseas at lower cost, has closed a $41 million Series C financing round to go after global expansion opportunities. The four-year-old company announced a first close of $20 million last November, and it has now doubled that tally (and a little extra) thanks […]
View More Singapore fintech startup Instarem closes $41M Series C for global growthGrab launches SME loans and micro-insurance in Southeast Asia
In its latest move beyond ride-hailing, Southeast Asia’s Grab has started to offer financing to SMEs and micro-insurance to its drivers. The launch comes just weeks after Grab raised $1.5 billion from the Vision Fund as part of a larger $5 billion Series H funding round that’ll be used to battle rival Go-Jek, which is […]
View More Grab launches SME loans and micro-insurance in Southeast AsiaTikTok parent Bytedance is getting serious about games
A turbulent 2018 for China’s gaming market hasn’t held back newcomers. Bytedance, the world’s most valuable startup behind a collection of rising new media apps including TikTok and Jinri Toutiao, is making a further push into video games after it took control of a mobile game developer through a roundabout deal. According to a business registration […]
View More TikTok parent Bytedance is getting serious about gamesThis YC-backed startup preps Chinese students for US data jobs
In recent years, data analysts have gone from optional to a career that holds great promise, but demand for quantitative skills applied in business decisions has raced ahead of supply as college curriculum often lags behind the fast-changing workplace. CareerTu, a New York-based startup launched by a former marketing manager at Amazon, aims to close […]
View More This YC-backed startup preps Chinese students for US data jobsApple kerfuffles, praise groups, and media layoffs
Lots of news and interesting tidbits to wrap up the week. Apple kerfuffles Apple has been vindicated (for a brief moment anyway) in its long-standing dispute with Qualcomm. From Stephen Nellis at Reuters: A U.S. federal judge has issued a preliminary ruling that Qualcomm Inc owes Apple Inc nearly $1 billion in patent royalty rebate […]
View More Apple kerfuffles, praise groups, and media layoffsShiok Meats takes the cultured meat revolution to the seafood aisle with plans for cultured shrimp
Rising consumer interest in alternative proteins and meat replacements has brought hundreds of millions of dollars to companies trying to grow or replace beef or chicken, but few companies have turned their attention to developing seafood alternatives. Now Shiok Meats is looking to change that. The company has raised pre-seed financing from investors like AIM […]
View More Shiok Meats takes the cultured meat revolution to the seafood aisle with plans for cultured shrimpPi Day wasn’t pleasant for a lot of tech execs
Pi Day is apparently New Job day for tech execs and VCs these days. Leaving: Lee Fixel It’s not every day that one of the top VC investors heads out from their shop. TechCrunch’s @cookie aka Connie Loizos has the story: Lee Fixel, the low-flying head of Tiger Global’s private equity business, is leaving at […]
View More Pi Day wasn’t pleasant for a lot of tech execsKorean e-commerce unicorn Coupang hires Walmart’s former global chief compliance officer
Coupang, the unicorn that is defining e-commerce in Korea, announced today that it has hired Jay Jorgensen, Walmart’s former global chief ethics and compliance officer, to serve as its general counsel and chief compliance officer. Jorgensen will relocate to Seoul for the position. Founded in 2010, with a total of $3.4 billion raised from investors […]
View More Korean e-commerce unicorn Coupang hires Walmart’s former global chief compliance officer