Didi Chuxing, the Uber of China, confirms $5.5B raise for global and AI push

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 Read full story

Read More

Google Wifi now available in Canada

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 Read full story

Read More

Netflix is playing down the significance of its first major distribution deal in China

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 Read full story

Read More

Investors are betting 3DR can find life after Solo as a drone data platform

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 Read full story

Read More

Cloudera and Carvana, tech’s next two IPOs, both price at $15 per share

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 Read full story

Read More

Meet Nintendo’s new $150 2DS XL console, launching July 28

Meet Nintendo’s new $150 2DS XL console, launching July 28

 Nintendo has a new handheld video game system it released pretty much out of the blue on Thursday. The 2DS XL is basically a 3DS XL without the 3D, with a smaller physical footprint for more portability, but with the same size large, dual displays you’ll find on the 3DS XL. The new console hits store shelves July 28, so we’ll still have to wait a while to get our hands on one, but… Read More Read full story

Read More

For OpenGov, President Trump is proving a boon for business

For OpenGov, President Trump is proving a boon for business

 OpenGov, a Redwood City, Ca., company whose software helps local governments keep transparent financial records, has been picking up speed in a variety of ways, and cofounder and CEO Zac Bookman traces some of that momentum to the election of Donald Trump as U.S. president. “We had the best Q1 in company history. It’s typically a quiet quarter, and we blew the top off”… Read More Read full story

Read More