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economy

EBay paid $573M to buy Japanese e-commerce platform Qoo10, filing reveals – TechCrunch

EBay is a very distant second behind Amazon when it comes to e-commerce sales in the U.S., but abroad — and in particular in Asia — it is willing to invest to grow its footprint in a targeted way. In February, eBay paid a total...

EBay is a very distant se...

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Alibaba boosts its offline reach with $2B+ investment in outdoor digital marketing firm – TechCrunch

Alibaba is investing big bucks into offline distribution. The Chinese e-commerce giant has forked out $2.23 billion in exchange for a sizeable piece of Focus Media, a Shanghai-based company that operates outdoor digital advertising screens across China, Singapore and Hong Kong, according to a U.S. filing. The deal itself...

Alibaba ...

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MallforAfrica and DHL launch MarketPlace Africa global e-commerce site – TechCrunch

More posts by this contributor Nigerian logistics startup Kobo360 accepted into YC, raises $1.2 million Breaking down France’s new $76M Africa startup fund MallforAfrica and DHL are giving African merchants a global stage. This week the online retailer and delivery giant launch MarketPlaceAfrica.com: an e-commerce site for select African artisans...

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Glasswing Ventures closes its artificial intelligence-focused fund with $112 million – TechCrunch

One year after receiving a whopping $75 million commitment to invest in early stage companies applying artificial intelligence to various industries, Glasswing Ventures has closed its debut fund with $112 million.  It’s a significant milestone for a firm that purports to be the largest early stage...

One year after receiving ...

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A new $124 million for Brazil’s Movile proves that investors still see promise in Latin American tech – TechCrunch

Brazil’s macroeconomic picture may be gloomy, but technology investors still see hope in the nation’s burgeoning technology sector — and a recent $124 million financing for the mobile conglomerate Movile is the latest proof that that the pace of investment isn’t slowing down. Brazil was already...

Brazil’s macroeconomic ...

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TrustToken opens its dollar-backed cryptocurrency to accredited investors – TechCrunch

Pitching a dollar-pegged token that offers cryptocurrency speculators a way to move their investments across volatile exchanges, TrustToken (the first public investment from a16z crypto) is now looking for public investments from accredited investors on CoinList. The company’s first token is TrueUSD, a stablecoin that...

Pitching a dollar-pegged ...

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China’s Xiaomi makes underwhelming public debut in Hong Kong IPO – TechCrunch

China’s Xiaomi, the world’s fifth biggest seller of smartphones, made an underwhelming public debut after it hit the Hong Kong Stock Exchange amid concerns around an ongoing trade war between the U.S. and China. Media reports in the lead up to today’s bell ringing suggested...

China’...

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A peek into the startup economies of Malaysia, Vietnam, and Indonesia

Photo credit: Unsplash With Southeast Asia’s massive growth in tech funding from 2016 to 2017, all eyes are on the startup economies of countries like Malaysia, Vietnam, and Indonesia. While these three countries saw varying amounts of tech funding and have vastly incomparable startup densities, the...

Photo credit: Unsplash With So...

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New malware highjacks your Windows clipboard to change crypto addresses – TechCrunch

In what amounts to be an amazingly nefarious bit of malware, hackers have created an exploit that watches 2.3 million high-value crypto wallets and replaces the addresses in the Windows clipboard with an address associated with the hackers. In other words, you could paste your...

In what ...

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