Sony’s profit dropped 86 percent year-on-year as the strong performance of the Japanese Yen, fallout from the Kumamoto earthquake and company restructuring weighed on its Q2 2016 earnings. Read More
Showing posts with label Jon Russell. Show all posts
Showing posts with label Jon Russell. Show all posts
Tuesday 1 November 2016
On the back of news that Twitter is trimming nine percent of its staff with layoffs, the microblogging company is also losing the head of its business in India. 
Paktor, a Tinder-like app for dating from Singapore, has raised $32.5 million in new funding as it aims to diversify into new kinds of mobile entertainment. 
Monday 31 October 2016
Facebook tried to buy Asian Snapchat clone Snow
Here’s fuel to the fire for those who believe that Facebook will buy anything that looks, smells or moves like Snapchat. The U.S. social networking giant this summer made an unsuccessful bid to acquire Snow, a Snapchat-like service from Naver, the $25 billion-valued Korean firm behind chat app Line, a source close to the company told TechCrunch. Read More
AI-powered scheduler startup Konolabs wins the TechCrunch Pitch-Off in Seoul
Artificial intelligence was the big winner from the TechCrunch Pitch-Off in Seoul, Korea, last week. Konolabs, a company that uses AI and big data to power a virtual assistant that handles your calendar, took the top prize after winning a 10-company pitch competition at the event. Read More
Friday 28 October 2016
Alibaba-owned Lazada in talks to buy Southeast Asia grocery delivery startup Redmart
Lazada, under Alibaba’s stewardship, is in advanced talks with Redmart, a Singapore-based grocery delivery service, to make a major investment or acquire the company outright, three sources with knowledge of the deal told TechCrunch. Once a deal is agreed, it could be completed as early as next week, once source said. Read More
Singapore-based Carousell has complete its second piece M&A following the Craigslist-like mobile commerce company’s $35 million Series B round in August. 
