Sydney’s SafetyCulture raises $46 million, with Australian VC investments on track for record year

Index Ventures raises $1.65 billion for two new funds

Venture capital (VC) agency Index Ventures has announced a whopping $1.65 billion in funds because it targets world startups at numerous phases. The cash is break up throughout two pots — $650 million for the agency’s ninth enterprise fund (geared toward earlier stage startups), and $1 billion for its fourth progress fund (geared towards “scale […]

Tencent to spin off its music business and list its shares in the U.S.

Tencent to spin off its music enterprise and checklist its shares within the U.S.

Chinese web big Tencent has introduced plans to spin off its on-line music enterprise and float the unit within the U.S. Tencent, which operates dozens of digital companies, from social networking apps to ecommerce websites, listed its shares on the Stock Exchange of Hong Kong (SEHK) in 2004, but it surely has now sought and […]

China’s Xiaomi raises $4.72 billion after pricing Hong Kong IPO at bottom of range

Xiaomi shares fall after weak Hong Kong debut

(Reuters) — Xiaomi Corp’s shares fell as a lot as 6 % of their Hong Kong debut on issues over the Chinese smartphone maker’s valuation, in an ominous signal for its know-how sector friends who’ve lined up listings within the metropolis. The share efficiency of Xiaomi is a key take a look at of investor […]

Beyond Ethereum: The battle to own blockchain’s ‘layer two’

Beyond Ethereum: The battle to personal blockchain’s ‘layer two’

Ethereum  —  as the present incumbent amongst general-purpose permissionless blockchains  —  has thus far provided one of the best sources, tooling, and incentives for builders to construct on prime of its protocol. These “layer-two” initiatives mix off-chain software program with some variety of good contracts (which can embody a local ERC20 token) to create markets […]

Byton’s car of the future will be a ‘next-gen smart device’

Byton’s automobile of the longer term will probably be a ‘next-gen good system’

“We think it was perfect what Steve Jobs said a decade ago, that a revolution of the user interface will change everything,” stated Henrik Wenders, advertising VP of China-based automotive startup Byton. “So just like the iPhone put the entire mobile phone industry upside down, we predict that we have to interpret this strategy for […]

HTC plans to cut 1,500 jobs in Taiwan, around 25% of its workforce

HTC’s June gross sales fall 68%, its largest drop in over 2 years

(Reuters) — Taiwanese smartphone maker HTC stated its gross sales fell almost 68 p.c in June, its largest hunch in additional than two years, because the struggling agency continues to lose clients amid intensifying competitors with nimbler manufacturing rivals. Once a favourite with customers and buyers, HTC’s recognition has dwindled with the emergence of rivals […]

Samsung profits slow due to weak smartphone sales

Samsung earnings sluggish as a consequence of weak smartphone gross sales

(Reuters) — South Korean tech large Samsung Electronics estimated on Friday earnings grew on the slowest tempo in additional than a 12 months within the second quarter, as analysts mentioned weak smartphone gross sales doubtless offset document excessive chip earnings. Samsung shares fell 2 p.c because the steerage gave buyers perception into how badly the […]

Albert Technologies raises $18 million for AI platform that automates marketing campaigns

Albert Technologies raises $18 million for AI platform that automates advertising campaigns

In case you missed the memo, synthetic intelligence (AI) is now encroaching into nearly each side of our lives, from recruitment and cybersecurity to ecommerce and even reputation management. But creativity is among the final remaining vestiges of human endeavor that’s secure from the bony claws of algorithmic automation… for a way lengthy, although, is […]