Multilingual Indian video app Roposo raises $10M from Tiger Global and Bertelsmann

Multilingual Indian video app Roposo raises $10M from Tiger Global and Bertelsmann

India has 22 official languages, which often presents a challenge for businesses that want to scale across the entire country. Video-sharing app Roposo, however, uses that to its advantage by offering content in several different regional languages. Based in Gurgaon, Roposo announced today that it has raised a $10 million Series C from returning investors Tiger Global and Bertelsmann, bring its total funding so far to $31 million. Roposo will use new funding for hiring, product development, and user acquisition. Tiger Global first invested in Roposo’s Series A round and…

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China’s Tencent Music raises $1.1 billion in downsized US IPO

China’s Tencent Music raises $1.1 billion in downsized US IPO

Tencent Music, China’s largest streaming company, has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 a piece ahead of a listing on the Nasdaq. That makes it one of the largest tech listings of the year, but the pricing is at the bottom end of its $13-$15 range indicating that the much-anticipated IPO has felt the effects of an uncertain market. Indeed, the company is said to have paused the listing process, which it started in early October, for a time so choppy are…

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Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund

Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion led by the SoftBank megafund and Alibaba. SoftBank and Alibaba are existing investors in the business — the Chinese e-commerce giant led a $1.1 billion round last year, while SoftBank recently transitioned its shareholding in Tokopedia to the Vision Fund. That latter detail is what held up this deal which had been agreed in principle back in October, TechCrunch understands. Tokopedia didn’t comment on its valuation, but TechCrunch understands from a source…

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Building in Facebook’s Menlo Park campus evacuated after bomb threat

Building in Facebook’s Menlo Park campus evacuated after bomb threat

A building in Facebook’s Menlo Park campus was evacuated after a bomb threat early Tuesday evening. Around 5PM, the Menlo Park police department warned people to avoid the area around the 200 block of Jefferson Drive as they investigated a bomb threat. Then they said 200 Jefferson Drive, the address of Facebook Building 24 and Instagram’s headquarters, has been evacuated and a bomb unit is on the scene. Police activity in the 200 block of Jefferson Drive/Constitution Drive in Menlo Park due to a bomb threat. Avoid the area. https://t.co/9LgfA9ulgR…

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Facebook and Instagram evacuated over bomb threat

Facebook and Instagram evacuated over bomb threat

No one has been reported harmed. No bomb reported found. Police in Menlo Park, CA are at the Facebook and Instagram campus near the 200 block of Jefferson Avenue. According to multiple local news reports, NYPD forwarded an anonymous tip to local authorities. NBC Bay Area: A building on Facebook’s campus in Menlo Park was evacuated Tuesday evening after a bomb threat, police said. Menlo Park police said the threat was called into the New York Police Department’s Crimestopper unit, which in turn notified local authorities. According to Menlo Park…

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L.A. gets more moolah, thanks to Calibrate Ventures and its new, $80 million fund

L.A. gets more moolah, thanks to Calibrate Ventures and its new, $80 million fund

Two years ago, a couple of VCs from Shea Ventures, a 50-year-old, L.A. -based investment firm, banded together to create a Pasadena, Ca.-based early stage venture firm called Calibrate Ventures. Investors clearly like what they’re building. Firm founders Kevin Dunlap and Jason Schoettler are today announcing that they have closed their debut effort with $80 million in capital commitments, including from Shea Ventures itself and from Foundry Group, the Boulder, Co.-based venture outfit that began dedicated a portion of its own capital to investing in other early-stage venture funds in…

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Huawei CFO accused of fraud is granted $7.5M bail

Huawei CFO accused of fraud is granted $7.5M bail

The Canadian government has granted bail to Meng Wanzhou, Huawei’s chief financial officer, 10 days after her arrest in Vancouver. The decision concludes a three-day-long court hearing in which the judge and the public prosecutor debated whether Wanzhou would breach her bail conditions. Wanzhou, the daughter of Huawei founder Ren Zhengfei, has been accused of fraud with a maximum penalty of 30 years in prison. She was arrested by Canadian officials at the request of the U.S. government on Dec. 1 while changing planes on her way to Mexico. As part of her bail…

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Huawei CFO Meng Wanzhou of China granted $10 million bail by Canada judge, awaits US extradition hearing

Huawei CFO Meng Wanzhou of China granted $10 million bail by Canada judge, awaits US extradition hearing

A judge in Canada today granted $10 million bail for Meng Wanzhou, the CFO of China electronics giant Huawei. She has to remain in the Vancouver area, where she has a home. The United States has requested her extradition. China is not happy. Huawai’s response follows. . BBC: Meng Wanzhou could be extradited to the US to face fraud charges linked to the alleged violation of sanctions on Iran. A judge in Vancouver set her bail at C$10m (£6m; $7.4m) including C$7m in cash. Meng was arrested in Vancouver on…

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Wix launches a new suite of products for support, sales and marketing

Wix launches a new suite of products for support, sales and marketing

Wix is taking a big step beyond website building today with the launch of a suite of products called Ascend. PR Manager Matt Rosenberg explained that just as Wix was founded with the aim of “demystifying and democratizing how you get online,” Ascend has a similar mission: “You don’t have to be a developer and designer to bring the same thing to business management and marketing.” Other website builders like Squarespace and Weebly (now owned by Square) have also introduced marketing tools, but Ascend seems like a particularly ambitious expansion,…

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Proof of use: A new crowdfunding threshold for passionate users

Proof of use: A new crowdfunding threshold for passionate users

Galen Moore Contributor Galen Moore is director of Business Development at New Alchemy. Right now, most participants in U.S. private placements must be “accredited” investors, meaning $200,000 annual income over multiple years or $1 million in net worth, not including your primary residence. These numbers have not changed since 1982, though inflation in the intervening decades has more than halved the real wealth they represent. This means your mother, who owns a vacation home on Cape Cod, may be getting phone calls from boiler room broker-dealers. The wealth standard means…

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