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TechCrunch

TechCrunch is a group-edited blog that profiles the companies, products and events defining and transforming the new web.
Didi Chuxing, the Uber of China, confirms $5.5B raise for global and AI push
 After weeks of reports that Didi Chuxing, the Uber of China, was raising another monster round of funding, today the company confirmed the close: it has raised a fresh¬†$5.5 billion, it said¬†in a statement today, to continue global expansion and to invest deeper into emerging areas like artificial intelligence to bring more advanced systems to its transportation service. The company… Read More

Fri, 28 Apr 2017 09:25:12 +0000

Google Wifi now available in Canada
 Google Wifi, the mesh router that Google unveiled first last October, is now on sale in Canada. The router sells either individually for $179 CDN, or in a 3-pack for $439 CDN, which is pretty close to U.S. pricing given current exchange rates. The Wifi¬†solution’s mesh networking approach means it can seamlessly pair with other units to extend coverage throughout a house, without… Read More

Fri, 28 Apr 2017 09:00:31 +0000

Netflix is playing down the significance of its first major distribution deal in China
 Netflix has played down the significance of its first major licensing deal in China, news of which was announced this week. The company’s share price surged nearly six percent after it¬†announced that it had agreed to a distribution deal with iQiyi, one of China’s largest video portals which was started by internet giant Baidu. The news was first revealed at the APOS 2017 event… Read More

Fri, 28 Apr 2017 07:32:49 +0000

Investors are betting 3DR can find life after Solo as a drone data platform
 An early player in drone-tech, 3D Robotics Inc., announced that it has raised $53 million in a Series D round of funding on Thursday, including new equity funding and conversion of debt equity. Atlantic Bridge led the round joined by Autodesk Forge Fund, True Ventures, Foundry Group, Mayfield and other undisclosed investors, according to the company statement. The company didn’t break… Read More

Fri, 28 Apr 2017 06:52:14 +0000

Cloudera and Carvana, tech’s next two IPOs, both price at $15 per share
 Another day another IPO(s). Due to the recent success of public¬†offerings¬†from companies like Yext, Okta¬†and Snap¬†it seems the time¬†is now for startups to go public. And tomorrow we have two IPOs that are weirdly similar when you look at the numbers. Both will offer the same amount of shares for the same price on the same exchange, and even sound alike – Carvana and Cloudera. I… Read More

Fri, 28 Apr 2017 05:18:50 +0000