Berlin-based Flink, a six-months old grocery delivery service built around its own delivery stores, raises $240M co-led by Prosus, BOND, and Mubadala Capital
On-demand grocery delivery, which really came into its own with the emergence of the Covid-19 pandemic, continues to command huge attention from investors.
How ByteDance is competing with Alibaba in social commerce, including roping in influencers like Xiaomi's Lei Jun to livestream on TikTok's Chinese twin Douyin
Bloomberg :
A look at those unlucky enough to forget the password to access their bitcoin; Chainalysis says 20% of all bitcoin, or ~$140B, appears to be lost or stranded
Also the Libor transition and Chinese stock bans. Charlesarthur / The Overspill : Start Up No.1462: the bitcoin millionaires with no money, the “clean” CES, the trouble with scotch...
A deep dive into Tencent, its history, core businesses, investment portfolio, and Pony Ma's “outsider CEO” characteristics that led to its success
Tencent is the most important company that many Americans know the least about. When President Trump signed … Tweets: @zoescaman and @docolumide Tweets: Zoe Scaman / @zoescaman : ...
Walmart leads an additional $1.2B investment in India's Flipkart to increase its majority stake, valuing Flipkart at $24.9B post-money
Walmart is increasing its majority-stake in Flipkart by leading a new $1.2 billion financing round in the Indian e-commerce giant.
Colin Huang, the CEO of Chinese e-commerce company Pinduoduo, steps down; the company says he will remain chairman and work on long-term strategy
- PDD shares have more than quadrupled in less than two years — Huang gives away $14 billion stake after stepping down as CEO
Interviews with Huawei staff and a review of internal documents shed light on Huawei's efforts to reorganize and aggressively respond to the growing US pressure
Dan Strumpf / Wall Street Journal :
How some high-profile direct-to-consumer startups have struggled to make their economics work amid rising customer acquisition costs
How venture capital became the most dangerous thing to happen to now-troubled DTCs like Outdoor Voices, Harry's, and Casper
Kenya-based B2B e-commerce startup Sokowatch, which wants to offer working capital and data analytics to businesses, raises $14M Series A led ay Quona Capital
or rollups if they're wise. https://techcrunch.com/...
Report: Magic Leap sold ~6,000 headsets in six months after release, compared to a goal of 100,000 in the first year, and recently laid off dozens of employees
Adi Robertson / The Verge : Source: The Information .
Report: Magic Leap sold ~6,000 headsets in six months after release, compared to a goal of 100,000 in the first year, and recently laid off dozens of employees
And Google CEO Sundar Pichai reportedly left its board — Magic Leap's sales numbers reportedly haven't matched CEO Rony … Source: The Information .
Uber Chief Product Officer Manik Gupta, who joined from Google in 2015, says he is leaving the company
Megan Rose Dickey / TechCrunch :