This article is an on-site version of our #techAsia newsletter. Sign up here to get the newsletter sent straight to your inbox every Wednesday Hi everyone, Mercedes here from Singapore. China’s Big Tech crackdown is spreading like wildfire. #techAsia readers will no doubt be following the Didi Chuxing drama playing out as closely as we…
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Just a Spotify used VC and PE backing to acquire the assets of the music industry so that we must now all rent our music via subscription, rather than own it for life, so a PropTech startup plans to follow a similar strategy for single-family homes. Casafari, a real estate data platform in Europe based…
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South Korean regulators are stepping up scrutiny of big initial public offerings as rich valuations prompt concerns over bubbles in the Asian market. Krafton, the company behind global hit game PlayerUnknown’s Battlegrounds, last week lowered its IPO price more than 10 per cent and cut the deal size by almost a quarter under pressure from…
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The numbers don’t lie. According to DocSend, the average pitch deck is reviewed for just three minutes. And if you think a senior VC is studying the presentation your team crafted for months as if it were a Fabergé egg — well, you might be disappointed. Even if you are lucky enough to land a…
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Well, that was fast. Just days after a Twitter clone from former Trump spokesperson Jason Miller launched, the new social network is already beset by problems. For one, hackers quickly leveraged Gettr’s API to scrape the email addresses of more than 85,000 of its users. User names, names and birthdays were also part of the…
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Didi lost a fifth of its market value after Chinese regulators announced an investigation into the ride-hailing app that last week raised more than $4bn in a New York IPO. China sparked investor unease in New York before the start of trading when it said it would tighten restrictions on overseas listings, endangering the lucrative…
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Max Q is a weekly newsletter from TechCrunch all about space. Sign up here to receive it weekly on Mondays in your inbox. It’s a space race of the most indulgent kind, plus there’s a new commercial launch enterprise in the games and another is prepping for production at a massive scale. Also, Starlink aims…
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Didi, the Chinese ride hailing app that raised over $4bn in an IPO in New York last week, lost a quarter of its market value on Tuesday in the first trading session after Chinese regulators announced an investigation into the company. Just before the market opened in New York, the Chinese government announced it would…
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Influential entrepreneurs like Paul Graham and Naval Ravikant always preach the need for startups to have founders-turned-investors on their cap table. As Ravikant puts it, “founders want to know that the people they are taking money from have first-hand experience.” His platform AngelList has helped individual founders-cum-investors source and participate in deals via collectives. However,…
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Hyperlocal social media platform Nextdoor has agreed to go public through a merger with a special purpose acquisition company, in a deal that it said would give the business an implied valuation of $4.3bn. Founded in 2011, the social network carved a niche distinct from dominant rival Facebook by creating an online space for neighbours…
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