Tencent has became the first Chinese company to be valued at more than $500 billion. Shares of the 19-year-old company, which is listed on the Hong Kong Stock Exchange, rallied to reach HK$418.80 to give it a market cap of HK$3.99 billion which takes past the $500 billion mark. Close rival Alibaba is Asia’s second-highest-valued firm […]
Zego, the London-based startup that appears to have spotted a gaping insurance hole in the so-called gig economy, has raised £6 million in Series A funding. The round was led by Balderton Capital, with participation from existing backers, including LocalGlobe and unnamed angel investors in the insurance sector. The company plans to use the new […]
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(Hint: Free stuff) TechCrunch Disrupt is coming to Arena Berlin on 4-5 December, and and we’re looking for a few more rockstar startups to be a part of our massive menagerie of innovation, Startup Alley. If you’ve never been to a Disrupt before, Startup Alley is where hundreds of early-stage companies (who have raised less than […]
Bike-sharing, the year’s hottest startup trend in China and beyond, looks like it is about to see the biggest casualty of its cut-throat competition. Bluegogo, which had raised $90 million from investors and operates around 700,000 bikes across China, seems headed for the deadpool after Technode, our Chinese partner site, reported that the company has […]
Google Search’s built-in jobs search engine, which launched earlier this year, is getting an update today. For the most part, these new feature address some basic shortcomings of the first version. This means that in this new version, you can now finally filter jobs by how far away they are from you, not just by […]
When admitting you are struggling with anxiety or depression is hard enough, asking for help can seem insurmountable. Pacifica’s self-help app was created to make cognitive behavioral therapy exercises accessible to more people. Now the startup is launching a Therapist Directory for users who want to take the next step. The service allows them to […]
Razer has continued a winning streak of IPOs from Asian companies after its share price closed 41 percent up on its first day of trading on the Hong Kong Stock Exchange. The company, which makes accessories for PC gamers, laptops and is preparing to sell its first smartphone, raised $529 million from the sale of 1,063,600,000 shares. […]
New CEO Dara Khosrowshahi has been vocal in pledging to reform Uber’s toxic culture to take the business to the next level — and ultimately an IPO — but, over in Asia, another recent arrival is presiding over a revamped approach which includes turning those who were once enemies into friends. Brooks Entwistle, a former Chairman of Goldman Sachs Southeast […]
Well, it’s 11/11 on the other side of the globe which means Alibaba is already raking in loads of cash from Singles Day, otherwise known as the biggest day for global online shopping of the year. The company has a running sales counter on its Alizila news website, which details the “gross merchandise volume” that […]