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TechCrunch is a group-edited blog that profiles the companies, products and events defining and transforming the new web.
Tencent becomes the first Chinese tech firm valued over $500B
 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 at $474 billion. Entry to the half-a-trillion-dollar… Read More

Mon, 20 Nov 2017 10:35:48 +0000

Germany bans kids’ smartwatches that can be used for eavesdropping
 A German regulator has banned domestic sales of children’s smartwatches that have a listening function — warning that parents have been using the devices to secretly eavesdrop on teachers at their kids’ school. Read More

Mon, 20 Nov 2017 10:12:28 +0000

Only 3 days left to save 30 percent on Disrupt Berlin tickets
 In just two short weeks, the Disrupt Berlin 2017 conference will be the European epicenter of cutting-edge technology. It’s an event that no self-respecting techie should miss. But here’s the thing: You have only 72 hours left to get the best deal on tickets. Read More

Mon, 20 Nov 2017 09:01:46 +0000

Monzo’s latest round included £11M in secondary as founding employees partly cash in
 Earlier this month, U.K.-based challenger bank Monzo announced that it had raised a further ¬£71 million in a round led by Goodwater Capital, giving the startup a post-money valuation of ¬£280 million. However, what wasn’t reported at the time was that the round included ¬£11 million in secondary investment, meaning that only ¬£60 million entered the company’s balance sheet and… Read More

Mon, 20 Nov 2017 09:00:44 +0000

What is an IPO pop and why do VCs hate it so much?
 Over the weekend, several VCs tweeted that my headline recapping¬†Stitch Fix’s first day of trading was too harsh. The headline read, “Stitch Fix up just 1% on first day of trading, after reducing size of IPO.” I didn’t say it “fumbled” or label it as “weak” and “disappointing”¬†like¬†many other media publications, but that would… Read More

Mon, 20 Nov 2017 08:34:16 +0000