The startling rise to wealth of the nation’s entrepreneurs has been an affront to Beijing’s political philosophy and increasingly, a threat to the communist partyIn a Politburo group study session on 23 November 2015, China’s president, Xi Jinping, rec…
São Paulo’s QuintoAndar real estate platform raises $120M, now valued at $5.1B
Less than three months after announcing a $300 million Series E, Brazilian proptech QuintoAndar has raised an additional $120 million. New investors Greenoaks Capital and China’s Tencent co-led the round, which included participation from some existing backers as well. São Paulo-based QuintoAndar is now valued at $5.1 billion, up from $4 billion at the time […]
Chinese president vows to ‘adjust excessive incomes’ of super rich
Chinese Communist party to crack down on almost weekly creation of billionaire company bossesChina’s president has vowed to “adjust excessive incomes” in a warning to the country’s super-rich that the state plans to redistribute wealth to tackle wideni…
Equity Monday: Hacks, IPOs, and the next generation of American tech giants
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You […]
China roundup: Alibaba’s sexual assault scandal and more delayed IPOs
A sexual assault case at Alibaba has sparked a new round of #MeToo reckoning in China. Industry observers believe this is a watershed moment for the fight against China’s allegedly misogynist tech industry. Meanwhile, social media operators are still undecided on how to deal with the unprecedented public uproar against the powerful internet giant.
Argentine fintech Ualá lands $350M at a $2.45B valuation in SoftBank, Tencent-led round
The dollars keep flowing into Latin America. Today, Argentine personal finance management app Ualá announced it has raised $350 million in a Series D round at a post-money valuation of $2.45 billion. SoftBank Latin America Fund and affiliates of China-based Tencent co-led the round, which included participation from a slew of existing backers, including funds […]
Argentine fintech Ualá lands $350M at a $2.45B valuation in SoftBank, Tencent-led round
The dollars keep flowing into Latin America. Today, Argentine personal finance management app Ualá announced it has raised $350 million in a Series D round at a post-money valuation of $2.45 billion. SoftBank Latin America Fund and affiliates of China-based Tencent co-led the round, which included participation from a slew of existing backers, including funds […]
TikTok acts on teen safety with ‘bedtime’ block on app alerts
Social networking firm introduces range of child safety measures including increased privacy controls TikTok will prevent teenagers from receiving notifications past their bedtime, the company said, announcing a range of child safety improvements that …
The China tech crackdown continues
We should expect more of the same from the Chinese government: More complaints about the impact of “excessive” capital in its industries, more tumbling share prices and more held IPOs.
Equity Monday: Apple’s privacy flap continues as crypto regulation looms
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You […]