Friday , 20 September 2019

Monthly Archives: January 2019

Segway unveils a more durable electric scooter and autonomous delivery bot

Wear and tear is a major issue in the realm of electric scooters, resulting in a short lifespan of individual scooters and poor unit economics. At the Consumer Electronics Show today, Segway -Ninebot unveiled the Model Max scooter that is designed to help services like Bird and Lime, for example, reduce their respective operating and maintenance costs. “Model Max was ... Read More »

PR management firm Cision is acquiring Falcon.io to expand into social media marketing

Social media has become a primary conduit for getting the word out, in some cases proving to be an even stronger force for publicity than more traditional media outlets and paid advertising, and so today, a company that has grown its business around public relations services has acquired a social media management company to make sure it has a foothold ... Read More »

Money is no object: China’s Luckin sets sights on rivaling Starbucks

A one-year-old Chinese startup called Luckin is busy waging war against Starbucks as the new year unfolds. At an event on Thursday, Luckin announced that it aims to be the largest coffee chain in China by number of cups sold and outlets by 2019. Caffeinated drinks are taking off in the tea-drinking nation. Average coffee consumption per Chinese consumer is ... Read More »

Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance. Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners. No valuation was disclosed, but ... Read More »

Tencent AI Lab loses key executive

Chinese internet giant Tencent just lost a leading artificial intelligence figure. Zhang Tong, who previously worked at Yahoo, IBM and Baidu, has stepped down after directing Tencent’s AI Lab for nearly two years. The scientist will return to academia and continue research in the AI field, Tencent confirmed with TechCrunch on Thursday, adding that it hasn’t appointed a successor. ”We ... Read More »

China’s lunar probe makes history by successfully soft-landing on the far side of the moon

It’s not Lunar New Year yet, but there is something new on the moon. In a major milestone for space exploration, China announced that its lunar program has successfully soft-landed a probe on the far side of the moon, making it the first one to do so. The historic landing was reported by Xinhua, China’s official news agency, earlier today. ... Read More »

Vengo, maker of touch-screen vending machines, just collected $7 million in fresh equity funding

Vengo, a six-year-old, Bethpage, New York-based startup that makes touchscreen vending machines for a wide variety of uses and clients, has raised $7 million in new equity funding, shows a new SEC filing. That roughly doubles the amount of money the company has raised over the years, including from such notable investors as Brad Feld, Gary Vaynerchuk, Tony Hsieh, David ... Read More »

Lightspeed announces new $560 million fund for China

Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total capital commitment of $560 million. The firm had a massive 2018, with no fewer than five of its portfolio holding IPOs including two of China’s up-and-coming ... Read More »

Senate confirms new FCC Commissioners Carr and Starks

The Senate has officially confirmed the incoming FCC commissioners, Brendan Carr and Geoffrey Starks have been officially confirmed by the Senate for their five-year terms. This completes the five-seat commission, which is required to be balanced between the two parties — today’s additions bring it to three Republicans and two Democrats. Carr, nominated and previously confirmed in August of 2017 ... Read More »

Magic Leap and other AR startups have a rough 2019 ahead of them

Very rarely does an early technology garner such an air of inevitability like AR has in the past few years. 2018 was supposed to be a year where the foundational tech for augmented reality was built out a bit and the industry took a couple big leaps. Things started off well-enough but momentum really doesn’t seem be on the side ... Read More »