Tag: health
Tencent backs Chinese healthcare portal DXY in $500M round
DXY, a 20-year-old online healthcare community for Chinese consumers and healthcare organizations like Pfizer, announced this week that it has raised $500 million in a new round led by private equity firm Trustbridge Partners. Existing backer Tencent and Hillhouse Capital also participated in the round, which lifted the firm’s total…
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TikTok parent ByteDance hiring for AI drug discovery team
ByteDance, TikTok’s Chinese parent company, is entering the health industry as it seeks to diversify a business dependent on advertising and livestreaming sales. The company, which prides itself on content algorithms, has started seeking talent in AI drug discovery across Mountain View, Shanghai and Beijing, its recruiting page shows. “We…
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Peloton will pay $420 million to acquire fitness equipment maker Precor
Home fitness tech has been on a tear in 2020, and one major player is gearing up to capitalize on shifting workout habits for the long haul. In a press release, Peloton today confirmed its plans to acquire Precor, a maker of home and commercial-grade… Source
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FDA authorizes Moderna’s COVID-19 vaccine for emergency use
The U.S. Food and Drug Administration (FDA) has issued an Emergency Use Authorization (EUA) for Moderna’s COVID-19 vaccine, as expected after an independent panel commissioned by the administration recommended its approval earlier this week. This is the second vaccine now authorized for use in the U.S. under EUA, after the…
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Daily Crunch: Amy Klobuchar discusses Amazon Halo concerns
We interview the senior senator from Minnesota about fitness trackers, Sony pulls “Cyberpunk 2077” from the PlayStation Store and Indian delivery startup Zomato raises a massive round. This is your Daily Crunch for December 18, 2020. The big story: Amy Klobuchar discusses Amazon Halo concerns Minnesota Senator Amy Klobuchar recently…
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Amazon’s Halo fitness tracker raises privacy concerns for Amy Klobuchar
After reading a review of Amazon’s new fitness tracker, Minnesota Senator Amy Klobuchar penned an open letter. “Recent reports have raised concerns about the Halo’s access to this extensive personal and private health information,” the lawmaker wrote to U.S. Department of Health and Human Services Secretary Alex Azar. “Among publicly…
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