Tag: Tencent
Will China’s coronavirus-related trends shape the future for American VCs?
Rocio Wu Contributor Rocio Wu is a second-year MBA candidate at Harvard Business School and a venture capitalist. For the past month, VC investment pace seems to have slacked off in the U.S., but deal activities in China are picking up following a slowdown prompted by the COVID-19 outbreak. According…
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The Station: Bird and Lime layoffs, pivots in a COVID-19 era and a $2.2 trillion deal
Hello folks, welcome back (or hi for the first time) to The Station, a weekly newsletter dedicated to the all the ways people and packages move around this world. I’m your host, Kirsten Korosec, senior transportation reporter at TechCrunch. I also have started to publish a shorter version of the…
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Tencent launches $100M fund to fight COVID-19
Tencent this week announced the launch of the Global Anti-Pandemic Fund, a $100 million effort designed to help curb the devastating spread of COVID-19. The news follows the launch of $100 million funds from fellow tech giants, Netflix and Facebook. In the case of the Shenzhen-based corporation, initial funding will…
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XYZ Reality secures £5M to bring a hologram headset to the construction industry
Augmented reality technology did not, it turns out, light the touch paper on a booming new industry. What we got instead were a few cute applications on smartphones and devices like Microsoft’s HoloLens, which has seen pretty limited success. Where AR has proved that it may have a future is…
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The companies that will shape the upcoming multiverse era of social media
Throughout this series on the rise of multiverse virtual worlds, I have outlined the collision of gaming and social media into a new multiverse era of social media within virtual worlds due to technological and cultural changes. The result will be a healthier ecosystem of social media than what currently…
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Latin America roundup: Softbank adds $1B, Stori raises $10M and Grow Mobility puts on the brakes
After investing nearly $2 billion of its Innovation Fund in Latin America in 2019, Softbank announced this month that it would add an additional $1 billion into the fund to continue supporting tech startups across the region. While the Japanese investor faces the challenge of raising a second global fund after its…
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