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Posted on Mar 21, 2016
  • China’s Tencent Music raises $1.1 billion in downsized US IPO
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    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... Read more »
  • Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund
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    Indonesia-based e-commerce firm Tokopedia is the latest startup to enter the Vision Fund after it raised $1.1 billion Series G round 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... Read more »
  • Building in Facebook’s Menlo Park campus evacuated after bomb threat
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    Update: Facebook has confirmed that it is looking into a bomb threat on its Menlo Park campus. A few buildings, but not all, were evacuated, and everyone is safe.  A building in Facebook’s Menlo Park campus was evacuated after a bomb threat early Tuesday evening. Around 5PM, the Menlo Park... Read more »
  • L.A. gets more moolah, thanks to Calibrate Ventures and its new, $80 million fund
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    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... Read more »
  • Huawei CFO accused of fraud is granted $7.5M bail
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    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 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... Read more »
  • Wix launches a new suite of products for support, sales and marketing
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    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... Read more »
  • Proof of use: A new crowdfunding threshold for passionate users
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    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... Read more »
  • With $15M, The Riveter plans to open 100 new female-focused co-working spaces
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    In a disappointing year for female-founded startups — at least those looking to raise venture capital — The Riveter not only closed its first institutional funding round, but it’s today announcing a $15 million Series A funding, bringing its total backing to $20.5 million. The Seattle-based co-working startup, led by co-founder and... Read more »
  • Podcast industry aims to better track listeners through new analytics tech called RAD
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    Internet users are already being tracked to death, with ads that follow us around, search histories that are collected and stored, emails that report back to senders when they’ve been read, websites that know where you scrolled and what you clicked and much more. So naturally, the growing podcast industry... Read more »
  • Airbnb settles disputes with big property landlord
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    Almost one year after a California judge dismissed Apartment Investment & Management Company’s lawsuit against Airbnb, both companies have agreed to settle all of their disputes. Aimco, which owns or manages 50,000 properties, had filed lawsuits in both California and Florida state courts, seeking monetary damages as well as court orders... Read more »

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