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 […]

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 […]

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 […]

Heartland Tech Weekly: The Midwest offers more than just an escape from Silicon Valley

Heartland Tech Weekly: Even after startup successes, scaleup capital is a scarce commodity

Included on this week’s Heartland Tech e-newsletter is a narrative I’ve been engaged on for a couple of weeks within the hopes that it might probably shed some extra mild on how a tech hub will get made — on this case, how the acquisition of ExactTarget by Salesforce for $2.5 billion has shaped the Indianapolis tech community. I checked out what’s […]

Tinder’s looping profile videos launch globally

Tinder’s looping profile movies launch globally

Tinder is immediately rolling out a brand new characteristic that allows customers so as to add a two-second looping video to their profiles. The courting app first announced the feature again in April, although it was initially restricted to Canada and Sweden for testing, and it quietly launched in Japan final month. From immediately, looping […]

Toyota pumps $1 billion into Grab as auto industry bets big on ride-hailing startups

Uber-Grab merger might be reversed as Singapore watchdog cites lack of competitors

(Reuters) — Singapore’s anti-trust physique proposed fines on Grab and Uber Technologies and warned it might must unwind the 2 ride-hailing companies’ merger because the deal considerably lessened competitors. Uber offered its Southeast Asian enterprise to greater regional rival Grab in March in change for a stake within the Singapore-based agency, marking the U.S. agency’s […]