LemonBox, a Chinese e-commerce startup that imports vitamins and health products from the US, has raised $2 million to develop its business. The company graduated from Y Combinator’s most recent program in the U.S. and, fuelled by the demo day, it has pulled in the new capital from 10 investors which include Partech, Tekton Ventures, […]
View More LemonBox, which brings US vitamins to Chinese consumers, raises $2MCategory: executive
Lazada, Alibaba’s Southeast Asia e-commerce business, gets a new CEO
Alibaba has reshuffled the leadership at Lazada, its e-commerce firm in Southeast Asia, after CEO Lucy Peng — an original Alibaba co-founder — stepped down to be replaced by Lazada executive president Pierre Poignant after just nine months in the role. Alibaba owns more than 90 percent of Lazada but it has been involved in the business […]
View More Lazada, Alibaba’s Southeast Asia e-commerce business, gets a new CEOEx-Facebook exec Kirthiga Reddy becomes first female investor at SoftBank’s Vision Fund
Following speculation that SoftBank is hiring a China-based team, so the Japanese investment giant has brought on a first venture partner (and first female) for its $100 billion Vision Fund. Kirthiga Reddy, a former executive with Facebook, has taken the role and, in doing so, she becomes the first female member of SoftBank’s Vision Fund […]
View More Ex-Facebook exec Kirthiga Reddy becomes first female investor at SoftBank’s Vision FundJioSaavn becomes India’s answer to Spotify and Apple Music
India finally has its answer to Spotify after Reliance Jio merged its music service with Saavn, the startup it acquired earlier this year. The deal itself isn’t new — it was announced back in March — but it has reached its logical conclusion after two apps were merged to create a single entity, JioSaavn, which is […]
View More JioSaavn becomes India’s answer to Spotify and Apple MusicTencent e-wallet is following Alibaba to Hong Kong subways
China’s payments giants have taken their battle to Hong Kong. Less than a week after Ant Financial announced adding QR codes to the city’s MTR public transport network of rail, Tencent’s WeChat Pay unveiled a similar scheme on Wednesday. Starting mid-2021, commuters in Hong Kong can scan a barcode to enter the subway turnstile through […]
View More Tencent e-wallet is following Alibaba to Hong Kong subwaysSnap is being probed over its IPO because some investors are salty about losing money
Here’s something I didn’t expect to read today. The U.S. Justice Department and Securities and Exchange Commission has subpoenaed Snap for details on its IPO apparently in connection with a lawsuit from disgruntled shareholders who claim the company played down its rivalry with Instagram. Reuters first reported on the subpoenas which Snap has confirmed. Precise details […]
View More Snap is being probed over its IPO because some investors are salty about losing moneyLive streaming studio, Culture Genesis, launches its first show, the quiz-based Trivia Mob
A new generation of entrepreneurs is emerging to refashion the Los Angeles studio system for the digital age forming companies that combining live-streamed video, podcasts, and the newfound social media celebrities to craft entertainment for a new breed of consumer. Two of those startup founders, longtime Apple executive Cedric Rogers and former developer for VEVO […]
View More Live streaming studio, Culture Genesis, launches its first show, the quiz-based Trivia MobFlipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’
Flipkart, the India-based e-commerce firm owned by Walmart, has lost CEO Binny Bansal after he resigned from the company following an investigation into “serious personal misconduct.” Bansal founded Flipkart in 2007 with Sachin Bansal (no relation) and he had served as its CEO since 2016, before going on to become CEO of the Flipkart Group […]
View More Flipkart CEO Binny Bansal resigns over allegations of ‘serious personal misconduct’Tiger Global returns with a $3M investment to help restaurants deal with delivery apps
Tiger Global has returned to backing early-stage Indian startups after it wrote a $3 million check for CheckMate, a U.S.-Indian startup the helps restaurant deals with the pain of multiple food ordering platforms. The deal is a Series A and it represents the first time that CheckMate has raised outside funding for its business. It […]
View More Tiger Global returns with a $3M investment to help restaurants deal with delivery appsElectric flying taxi service Lilium poaches key hires from Audi, Airbus
Lilium, the developer of a new, electric, vertical take-off and landing vehicle for a novel flying taxi service, has poached some pretty big former executives from Airbus and Audi as it builds out its technology and gets ready to bring its service to market. Mirko Reuter, the former head of automated driving at Audi, has […]
View More Electric flying taxi service Lilium poaches key hires from Audi, AirbusTesla picks telco executive Robyn Denholm to replace Elon Musk as chairman
Elon Musk’s replacement as the chair of Tesla has been named and it is Robyn Denholm, an Australian executive who has been a director with the electric vehicle firm since 2014. Denholm is currently CFO of Australia-based telco Telstra and she’ll step into the breach once a six-month notice period is served, Tesla said in […]
View More Tesla picks telco executive Robyn Denholm to replace Elon Musk as chairmanSilicon Valley’s sovereign wealth problem
John Vrionis Contributor Share on Twitter John Vrionis is the founder of Unusual Ventures. It’s time to bring the conversation about where Silicon Valley gets its money from out into the open. Following recent revelations into Saudi Arabia’s extensive reach and influence in the US technology sector, the willful ignorance that has defined the relationship […]
View More Silicon Valley’s sovereign wealth problem