Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch. The valuation, share price, and timeline for public stock sales will be determined over the coming weeks for the Nigeria headquartered company. With a smooth filing process, Jumia will […]
View More African e-commerce startup Jumia files for IPO on NYSECategory: Companies
Venture investors and startup execs say they don’t need Elizabeth Warren to defend them from big tech
Responding to Elizabeth Warren’s call to regulate and break up some of the nation’s largest technology companies, the venture capitalists that invest in technology companies are advising the presidential hopeful to move slowly and not break anything. Warren’s plan called for regulators to be appointed to oversee the unwinding of several acquisitions that were critical […]
View More Venture investors and startup execs say they don’t need Elizabeth Warren to defend them from big techOver a quarter of U.S. adults now own a smart speaker, typically an Amazon Echo
U.S. smart speaker owners grew 40 percent over 2018 to now reach 66.4 million – or 26.2 percent of the U.S. adult population – according to a new report from Voicebot.ai and Voicify released this week, which detailed adoption patterns and device market share. The report also reconfirmed Amazon Echo’s lead, noting the Alexa-powered smart […]
View More Over a quarter of U.S. adults now own a smart speaker, typically an Amazon EchoElizabeth Warren wants to break up Google, Amazon and Facebook
The influential Massachusetts Senator and Presidential hopeful Elizabeth Warren has been a longtime critic of the consolidation of economic power by Amazon, Google, and Facebook. Now she’s making their break-up a key component of her Presidential platform. Warren has just released her plan for breaking up big tech, in what seems like a watershed moment […]
View More Elizabeth Warren wants to break up Google, Amazon and FacebookChanges at YC, $1.5B more for ride hailing, and Airbnb buys HotelTonight
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
View More Changes at YC, $1.5B more for ride hailing, and Airbnb buys HotelTonightSea is raising up to $1.5B for its Shopee e-commerce business in Southeast Asia
Alibaba is about to get a jolt from its largest rival in Southeast Asia. Sea, the Nasdaq-listed business, is raising as much as $1.5 billion from a new share offering that’s sure to be funneled into its Shopee e-commerce business. Singapore-based Sea said in a filing that it plans to offer 60 million American Depositary […]
View More Sea is raising up to $1.5B for its Shopee e-commerce business in Southeast AsiaGrab confirms $1.46B investment from SoftBank’s Vision Fund
Grab has become the newest addition to the SoftBank Vision Fund after it announced today that it has pulled in a $1.46 billion investment from the super fund. Grab said the new money will be used to further its super app strategy, which is aimed at making its service a daily app for Southeast Asian […]
View More Grab confirms $1.46B investment from SoftBank’s Vision FundAnthony Levandowski will be speaking at TC Sessions: Robotics + AI April 18 at UC Berkeley
Late last week, we announced the schedule for April 18’s TC Sessions: Robotics + AI event at U.C. Berkeley, including some heavy hitters like Marc Raibert, Melonee Wise and Ken Goldberg. At the time, we noted that still had some big names left to reveal — and we weren’t joking. Today we’re excited to announce […]
View More Anthony Levandowski will be speaking at TC Sessions: Robotics + AI April 18 at UC BerkeleyLyft unveils its S-1 and nearly $1B in 2018 losses
According to the filing, Lyft recorded $2.2 billion in 2018 revenue on a net loss of $911 million.
View More Lyft unveils its S-1 and nearly $1B in 2018 lossesIndia’s Ola spins out a dedicated EV business — and it just raised $56M from investors
Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and it is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and […]
View More India’s Ola spins out a dedicated EV business — and it just raised $56M from investorsJD.com shares take off despite slowing revenue growth
Shares of JD.com, the Chinese e-commerce service that rivals Alibaba, are on the rise today after the online retailer announced better than expected results for Q4 2018, bucking uncertainty around tech companies in China. The company reported net revenue of RMB 134.8 billion ($219.6 billion) for the final quarter of last year. Despite representing the […]
View More JD.com shares take off despite slowing revenue growthChina wants its rural villages to go cashless by 2020
Residents of even the tiniest far-flung villages in China may soon be able to pay on their phones to run daily errands as Beijing announced this month that it aims to make mobile payments ubiquitous in rural areas by the end of 2020. The plan arrived in a set of guidelines (document link in Chinese) […]
View More China wants its rural villages to go cashless by 2020