There’s more misery ahead for Huawei, which just saw AT&T pull out of a deal to carry its first smartphone, and fellow Chinese tech firm ZTE. The duo are well known for their growing smartphone businesses worldwide, but it is their more established telecom networking and equipment units that are again under fire in Washington. A […]
Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai. To recap, the Singapore-based firm raised a massive $2 billion led by SoftBank and China’s Didi Chuxing last July with plans to extend the round by a […]
Uber has agreed to pay $3M to settle a proposed class action lawsuit brought by 2,421 drivers in New York who had accused the ride-sharing giant of docking excessive fees from their fares. The preliminary settlement was filed with on Monday with the federal court in Brooklyn, according to Reuters. The original suit was filed in […]
I guess it had to happen sooner or later. TechCrunch has decided to get to the bottom of the Crypto and Blockchain boom by heading to one of its main geographical centers. Since welcoming the regulation of Initial Coin Offerings with open arms, Zug, the Swiss Canton just outside of Zurich, has come to be […]
Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency, powering payments on its chat app and beyond. According to multiple sources which have spoken to TechCrunch, the “Telegram Open Network” (TON) will be a new, ‘third generation’ blockchain with superior capabilities, after Bitcoin and, later, Ethereum paved the way. The […]
Google’s here, and it’s planning something big. The company’s presence is impossible to miss as you drive down Paradise Road toward the Las Vegas Convention Center. Like much the rest of the show, the company’s parking lot booth is still under construction today, but the giant, black and white “Hey Google” sign is already hanging […]
App revenue reached $60 billion in 2017, Travis Kalanick is selling 29 percent of his Uber shares and GoPro cuts 200-300 jobs. All this on Crunch Report. Read More Source link
The rise of ICOs surprised many in the tech industry, helping blockchain companies raise close to $4 billion in 2017, and that’s all set to continue with a twist in 2018. Beyond continued momentum for ICOs, also known as token sales, leading ICO companies themselves are set to start investing. TechCrunch understands that at least […]
Dahmakan, a food delivery startup from Malaysia that graduated Y Combinator last year, has raised $2.6 million as it begins to explore the potential to expand its business across Southeast Asia. The startup distinguishes itself from the likes of FoodPanda and Deliveroo with an “end-to-end” approach to food, that’s to say that it cooks all […]
The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. government blocked the $1.2 billion deal. Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobile wallet — and other financial services, announced a deal to buy Nasdaq-listed MoneyGram in April 2017 after it beat off a rival […]