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August 26, 2019, 7:55 AM
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| Arjun Kharpal / CNBC: |
Megvii, a China-based facial recognition focused startup, files for a Hong Kong IPO; Megvii has raised $750M, reportedly at a $4B valuation, earlier this year — KEY POINTS — An attendee uses his smartphone to record a facial-recognition demonstration on himself at the Beijing Megvii Co. booth …
More:
TechCrunch, Reuters, Nikkei Asian Review, China Money Network, Bloomberg, Financial Times, and Bloomberg
Tweets: @tculpan, @luluyilun, @tculpan, and @tculpan
| Matt Burgess / WIRED UK: |
FireEye: China-linked hacking groups are increasingly targeting healthcare systems to obtain medical research data and intellectual property for medical devices — New research shows cyber espionage groups linked to China are targetting medical research data and the intellectual property for medical devices| Yun Li / CNBC: |
J.P. Morgan Chase says it will shut down its digital wallet app, Chase Pay, in early 2020, but will continue pushing the Chase Pay button in apps and on the web — KEY POINTS — The bank plans to add more retailers that accept Chase Pay through merchant apps including food ordering company Grubhub.| Jeff Vogel / The Bottom Feeder: |
Founder of Spiderweb, which has been making indie games for 25+ years, explains the business and design reasons for still making games with a retro, quirky look — We spent years working on this game. We're betting our family's future on it. So. Why does it look so bad?
Tweets: @carnage4life, @dgbaumgart, and @moomanibe
| Tim Bradshaw / Financial Times: |
Interview with Tobi Lütke, CEO of Shopify, as its market cap has surpassed eBay, and it sets its sights on Amazon, building out its own fulfillment network — Tobi Lütke, the Shopify chief executive, prefers his employees to refrain from checking the ecommerce company's share price too often.
Tweets: @hkanji and @hashim_warren
| Andrew Sheivachman / Skift: |
Groups360, a booking engine for meeting spaces founded in 2014, raises $50M from Marriott International, IHG, Accor, and Hilton, bringing total raised to ~$55M — The hotel industry has had a tough time improving the painful process of selling event space and room blocks to meeting planners.
Tweets: @globalbta
| Mary Ann Azevedo / Crunchbase News: |
Versatile Natures, which uses AI to improve construction processes, raises $5.5M in seed funding, led by Robert Bosch Venture Capital — Versatile Natures, a startup using machine learning and AI to improve construction processes, has raised $5.5 million in seed funding.| Chua Kong Ho / South China Morning Post: |
Interview with CEO of Razer, a gaming PC maker with 70M registered user accounts, which has steadily increased its share of revenue from software and services — Gaming company Razer reported a narrower loss in the first six months CEO Min-Liang Tan says Razer is a gateway …
Tweets: @chuakongho
| Manish Singh / TechCrunch: |
India's BharatPe, which helps merchants accept digital payments and secure working capital, raises $50M Series B led by Ribbit Capital and Steadview Capital — BharatPe, a New Delhi-based firm that is enabling hundreds of thousands of merchants to start accepting digital payments …
More:
Business Standard, Times of India, VCCircle, Livemint, Entrackr, Moneycontrol, YourStory.com, and Inc42 Media
| Mary Loritz / EU-Startups: |
Lunar Way, a Denmark-based banking app that raised €13M and expanded to Norway in February, raises €26M, says it has obtained a European banking license — Copenhagen-based banking app Lunar Way has raised a €26 million round led by SEED Capital, while obtaining …
More:
Tech.eu
| Sarah Perez / TechCrunch: |
Pew study: smartphone users in emerging markets have more diverse social networks than those without smartphones — The latest study from Pew Research Center takes a look at the impact mobile technology, including the use of smartphones and social media, is having on the diversity of people's social network in emerging markets.| Colin Harper / Bitcoin Magazine: |
Inside PlusToken, a Ponzi scheme that collected ~$3B worth of cryptocurrencies from investors in China and SE Asia this year, and the efforts to trace the funds — On June 27, 2019, a handful of leaders for a wildly popular ponzi scheme that spread across Asia were arrested by Chinese authorities …
More:
FXStreet, Ethereum World News, CoinTrust, CryptoSlate, Cointelegraph, and The Block
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