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TechCrunch

TechCrunch is a group-edited blog that profiles the companies, products and events defining and transforming the new web.
Xiaomi secures $1B loan to expand its international presence and offline retail footprint
 Chinese smartphone maker Xiaomi has secured a $1 billion loan in order to develop its international focus and build out its offline sales presence. The company revealed today that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint global coordinator, with Bank… Read More

Fri, 28 Jul 2017 03:51:46 +0000

SpaceX’s very first Falcon Heavy launch set for this November
 Falcon Heavy, the high-capacity rocket created by SpaceX designed for bringing very large loads to orbit and beyond, will get its first launch this coming November, according to SpaceX founder and CEO Elon Musk. Musk shared the news on Instagram on Thursday, posting an image of a concept depiction of the rocket’s launch alongside the target date. The Falcon Heavy uses the combined power… Read More

Fri, 28 Jul 2017 03:00:50 +0000

Crunch Report | Jeff Bezos Becomes World’s Richest Person*
Jeff Bezos becomes the richest man on earth, CEO of Kickstarter is looking to step down this year, Apple is discontinuing the iPod Shuffle and Nano and Cristiano Ronaldo is getting more involved in tech. All this on Crunch Report. Read More

Fri, 28 Jul 2017 03:00:25 +0000

Meg Whitman says she’s not going to Uber
 Hewlett Packard Enterprise CEO Meg Whitman wants everyone to know that’s not going to Uber. Bloomberg and Recode had reported that she was on the short list for the CEO spot, but she took to Twitter to make it clear that it’s not happening. In a three-part tweet, she concluded that the “rumors” have “become a distraction,” so she wants everyone to know… Read More

Fri, 28 Jul 2017 02:24:22 +0000

Redfin real estate site prices IPO at $15, valuing company at $1.2 billion
 Redfin, the real estate site based in Seattle, has finally raised its IPO. Founded in 2004, this was 13 years in the making. Despite an ugly patent lawsuit from a former co-founder over one of Redfin’s pending patent applications — one filed just this Monday — the company priced above the $12 to $14 range, at $15 per share, a number that values the company at $1.2 billion.… Read More

Fri, 28 Jul 2017 01:57:17 +0000