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Daily Crunch: Show time for Apple streaming

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. What to expect from Apple’s ‘Show Time’ event Apple is holding a big press event today, where it’s expected to finally unveil its streaming strategy, combining original content with the ability to sign up for subscriptions from HBO, Showtime and others. Also likely: A bundled news subscription. The eve...
Tags: TC, Apple, Daily Crunch


Yunji, a startup that enables social commerce via WeChat, files for $200M US IPO

China’s Pinduoduo was all the rage in 2018 as the ecommerce upstart quickly rose to challenge Alibaba and raised $1.63 billion through a Nasdaq listing. Much of its success was attributable to its link to WeChat, China’s messaging leader. Now, another emerging ecommerce player that has leveraged WeChat is gearing up for a listing in the United States. Yunji, which was founded in 2015, the same year Pinduoduo launched, is raising up to $200 million according to its prospectus filed with the Secur...
Tags: Asia, Funding


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. Apple is holding a big event today — here's everything it's expected to announce. Growing its services business is critical for Apple as iPhone sales have been slowing. Apple reportedly wants to sell subscriptions to HBO, Showtime and more premium channels for $9.99 a pop. Apple is expected to reveal separate subscription services for TV and news content during a special event today. Pinterest officially filed for an IPO on Frid...


Alibaba acquires Israeli startup Infinity Augmented Reality

Infinity Augmented Reality, an Israeli startup, has been acquired by Alibaba, the companies this weekend. The deal’s terms were not disclosed. Alibaba and InfinityAR have had a strategic partnership since 2016, when Alibaba Group led InfinityAR’s Series C. Since then, the two have collaborated on augmented reality, computer vision and artificial intelligence projects. Founded in 2013, the startup’s augmented glasses platform enables developers in a wide range of industries (retail, gaming, med...
Tags: Augmented Reality, Enterprise, Fundings & Exits, M&A, Startups, TC, Alibaba DAMO Academy, Alibaba Group, China, Infinity Augmented Reality, InfinityAR, Israel


Alibaba acquires Israeli VR startup Infinity Augmented Reality

Infinity Augmented Reality, an Israeli virtual reality startup, has been acquired by Alibaba, the companies this weekend. The deal’s terms were not disclosed. Alibaba and InfinityAR have had a strategic partnership since 2016, when Alibaba Group led InfinityAR’s Series C. Since then, the two have collaborated on augmented reality, computer vision and artificial intelligence projects. Founded in 2013, the startup’s augmented glasses platform enables developers in a wide range of industries (ret...
Tags: Enterprise, Fundings & Exits, Startups, TC, Alibaba DAMO Academy, Alibaba Group, Augmented Reality, China, eCommerce, Infinity Augmented Reality, InfinityAR, Israel, Virtual reality


Alibaba Buys Israeli AR Startup Amid China Investment Scrutiny

InfinityAR will join Alibaba’s Israel Machine Vision Laboratory, according to a release dated Thursday on the startup’s website. Financial details were not disclosed, but Alibaba paid more than $10 million, according to an estimate from market sources cited by Globes. “The talented team brings unique know-how in sensor fusion, computer vision and navigation technologies,” lab head Lihi Zelnik-Manor said in the release.


Inside Alibaba's New Futuristic Hotel

The Chinese e-commerce giant's FlyZoo Hotel looks like something out of "The Jetsons" TV show.
Tags: Cdfe5cb2-13ad-52c9-a23d-5b70e968dcb4, Fox-business/markets, Fbn, Fbn/markets, Article, Motley Fool


How to Buy 40′ Shipping Containers or Freight Container That’s On Sale Online

A shipping container might weigh 4000 pounds, but it’s not something you can simply find lying around. There are many challenges to buying shipping or freight containers starting with finding a reliable dealer like shippingcontainersale.org. Although the internet has made it a lot easier to find items on sale, buying a container online comes with its own risk. One of the most obvious challenges is being unable to inspect the container before it is delivered. This is why the focus isn’t just fi...
Tags: Business


Tencent Q4 profit disappoints, but cloud and payments gain ground

China’s Tencent reported disappointing profits in the fourth quarter on the back of surging costs but saw emerging businesses pick up steam as it plots to diversify amid slackening gaming revenues. Net profit for the quarter slid 32 percent to 14.2 billion yuan ($2.1 billion), behind analysts’ forecast of 18.3 billion yuan. The decrease was due to one-off expenses related to its portfolio companies and investments in non-gaming segments like video content and financial technology. Excluding non-...
Tags: Travel, Gaming, Facebook, Asia, Hong Kong, China, Cloud Computing, E-commerce, Alibaba, Tencent, WeChat, Earnings, Alipay, Alibaba Group, Online Payments, iQiyi


Slowdown or not, China’s luxury goods still seeing high-end growth

Despite well-documented concerns over an economic slowdown in China, the country’s luxury goods market is still seeing opulent growth according to a new study. Behind secular and demographic tailwinds, the luxury sector is set to continue its torrid expansion in the face of volatility as it’s quickly becoming a defensive economic crown jewel. Using proprietary analysis, company data, primary source interviews, and third-party research, Bain & Company dug into the ongoing expansion of China’s hig...
Tags: Social, TC, Ecommerce, Asia, Shopping, Advertising Tech, Government, China, Study, Tech, Research, Economy, Policy, Software, Report, Alibaba


Lyft's first Wall Street analyst to launch coverage of the stock gave it a buy rating. Here's why he says the company could be worth $25 billion (LYFT)

Lyft is racing towards an initial public offering (IPO) that could launch as soon as next week.  Ahead of the IPO, the company nabbed its first buy rating from a Wall Street analyst.  Tom White of D.A. Davidson gave the company a $75 price target, which translates to a valuation of more than $25 billion  — its highest target yet.  More than a on the Nasdaq stock exchange, Lyft has already nabbed its first buy rating from a Wall Street analyst. Tom White, an internet analyst at Montana-based...
Tags: Google, Amazon, Transportation, Lyft, Montana, Ipo, New York City, US, Trends, Alibaba, White, Davidson, Tom White, Santosh Rao, Manhattan Venture Partners, Nasdaq stock exchange Lyft


Getting and Saving Money During March Expo

By Rieva Lesonsky March is more than half over, which means time is running out on the bargains and deals retailer and e-tailers can find on Alibaba.com during March Expo. If you’ve already visited the site—or even ordered—this is a great time to come back and take a look at some of the more than 12,000 new products available now. To save even more money, check out the weekly deals, where man manufacturers are offering discounts of at least 30%. Keeping with the theme of saving money during Marc...
Tags: Business, Money, Sales & Marketing, Alibaba, Kabbage, Right Now, Office Depot, OfficeMax, Rieva Lesonsky March, Watchara Ritjan Shutterstock


A 'warrior’s warrior’: Here's why insiders say the first-time CFO running Lyft’s $20 billion IPO is the perfect fit (LYFT)

Brian Roberts, who joined Lyft as chief financial officer in 2014, had no previous experience as a CFO.  Instead, the 50-year-old brought a wealth of tech, retail, and financial knowledge acquired at Microsoft, Walmart, and two banks. He's playing a lead role in the company's IPO, helping convince prospective investors understand Lyft's financials and growth potential. Former colleagues describe Roberts as a "warrior's warrior" who can see problems before they arise and making him the perfect ...
Tags: Facebook, Lyft, Microsoft, Ipo, Trends, Walmart, Alibaba, Brian, Aston Martin, Msn, Lazard, Financial Times, Carl Icahn, John Zimmer, Bay Area, Roberts


A 'warrior's warrior': Why insiders say the first-time CFO running Lyft's $20 billion IPO is the perfect fit (LYFT)

Brian Roberts, who joined Lyft as chief financial officer in 2014, had no experience as a CFO. Instead, the 50-year-old brought a wealth of tech, retail, and financial knowledge acquired at Microsoft, Walmart, and two banks. He's playing a lead role in the company's IPO, helping convince prospective investors understand Lyft's financials and growth potential. Former colleagues describe Roberts as a "warrior's warrior" who can see problems before they arise and making him the perfect person to ...
Tags: Facebook, Lyft, Microsoft, Ipo, US, Trends, Walmart, Alibaba, Brian, West Coast, Aston Martin, Lazard, Financial Times, Carl Icahn, John Zimmer, Bay Area


Foxconn Ventures sells $398.4 million in Alibaba stock: sources

Foxconn Ventures Holdco has sold $398.4 million worth of Alibaba Group Holding Ltd's shares, in a block trade in the open market managed by Goldman Sachs Group Inc, people familiar with the matter said on Wednesday.
Tags: Money, businessNews, Alibaba, Goldman Sachs Group Inc, Alibaba Group Holding Ltd, Foxconn Ventures, Foxconn Ventures Holdco


Spotify rival Tencent Music posts maiden quarter loss of $130M on one-off costs

Tencent Music Entertainment Group, the Chinese answer to Spotify that Tencent spun out and floated on the New York Stock Exchange in December, reported a net loss of 876 million yuan ($127 million) in its first set of quarterly results since going public. The loss, which TME forecasted in its prospectus filed ahead of the IPO, is mainly due to a one-off 1.52 billion yuan ($221 million) share-based charge related to equity issuance to label partners Warner Music Group and Sony Music Enterta...
Tags: Spotify, China, Ipo, US, Tech, Beijing, Alibaba, Sony, Tencent, Warner Music, Warner, New York Stock Exchange, Sony Music Entertainment, Reuters, Warner Music Group, Universal Music Group


This YC-backed startup preps Chinese students for US data jobs

In recent years, data analysts have gone from optional to a career that holds great promise, but demand for quantitative skills applied in business decisions has raced ahead of supply as college curriculum often lags behind the fast-changing workplace. CareerTu, a New York-based startup launched by a former marketing manager at Amazon, aims to close that talent gap. Think of it as Codecademy for digital marketing, data analytics, product design and a whole lot of other jobs that ask one to spot ...
Tags: Google, Amazon, Facebook, Y Combinator, Asia, New York, Education, China, US, Tech, Alibaba, Tencent, WeChat, Mountain View, Social Network, Shopify


I visited the most expensive neighborhood in the world's most expensive city — a billionaire enclave where where Alibaba founder Jack Ma may have bought a $191 million mansion

Hong Kong was named the least affordable city in the world to live in for the ninth year in a row.  Hong Kong's most expensive neighborhood is The Peak. The Peak is a gorgeous, secluded neighborhood that overlooks Hong Kong and is home to bankers, expatriates, business magnates, celebrities, and millionaires and billionaires. Jack Ma, the Chinese billionaire who founded Alibaba, is said to have purchased a $191 million mansion in the neighborhood in 2015, but it has never been confirmed. Ever...
Tags: Asia, Hong Kong, New York City, Trends, Bill Gates, Alibaba, Miami, Jeff Bezos, Kensington, Jack Ma, Frommer, Victoria Peak, Hong Kong Island, CNN Travel, Fifth Avenue London, South Beach Hong Kong


Can there be too much competition between startups?

Competition is the core of capitalism. Competition between companies lowers prices — on average — and ensures that they are forced to innovate lest they lose their markets to others. Competition between workers ensures that people strive to do their best work lest their jobs go to more qualified or faster or cheaper replacements. Obviously, there is a spectrum here from lethargic monopoly to cutthroat competition that causes more problems than it’s worth (environmental damage in the hopes of cut...
Tags: Travel, Amazon, Ecommerce, New York, China, Nigeria, Africa, Palo Alto, Alibaba, Venture Capital, JD.com, Silicon Valley, Starbucks, Travis Kalanick, Naspers, Reuters


How Progressive Web Apps Impact Your Business?

By Ankit Patel How many apps do you download and install in your mobile device? How many times do you open your apps in a month? Other than the popular apps like Facebook, Instagram, and other gaming apps, it is highly unlikely that users pay much importance to mobile apps. Moreover, the apps require more memory space and hence the users restrain from downloading apps that are not useful. For smaller companies, the cost factor comes in when building native mobile apps. Then what is the solution ...
Tags: Google, Business, Technology, Microsoft, Alibaba, Right Now, Facebook Instagram, PWA, Ankit Patel, Alex Russell, Bakhtiar Zein Shutterstock, Mac Safari, XongoLab Technologies


Korean e-commerce unicorn Coupang hires Walmart’s former global chief compliance officer

Coupang, the unicorn that is defining e-commerce in Korea, announced today that it has hired Jay Jorgensen, Walmart’s former global chief ethics and compliance officer, to serve as its general counsel and chief compliance officer. Jorgensen will relocate to Seoul for the position. Founded in 2010, with a total of $3.4 billion raised from investors including SoftBank and a valuation of $9 billion, Coupang currently operates only in Korea, where it is the largest e-commerce player, but has offices...
Tags: Amazon, Startups, TC, Ecommerce, Asia, Supreme Court, China, Ipo, Softbank, Walmart, Amazon Prime, United States, Shanghai, Alibaba, Korea, Seoul


Surging costs send shares of ecommerce challenger Pinduoduo down 17 percent

China’s new tech force Pinduoduo is continuing its race to upend the ecommerce space, even at the expense of its finances. The three-year-old startup earmarked some big wins from the 2018 fiscal year, but losses were even greater, dragging its shares down 17 percent on Wednesday after the firm released its latest earnings results. The Shanghai-based company is famous for offering cheap group deals and it’s able to keep prices down by sourcing directly from manufacturers and farmers, cutting out ...
Tags: Amazon, Ecommerce, Asia, China, Supply Chain, Tech, E-commerce, Shanghai, Alibaba, Earnings, Alibaba Group, E-book, Online Marketplaces, Bytedance, Pinduoduo, Tiktok


Surging costs send shares of e-commerce challenger Pinduoduo down 17 percent

China’s new tech force Pinduoduo is continuing its race to upend the e-commerce space, even at the expense of its finances. The three-year-old startup earmarked some big wins from the 2018 fiscal year, but losses were even greater, dragging its shares down 17 percent on Wednesday after the firm released its latest earnings results. The Shanghai-based company is famous for offering cheap group deals; it’s able to keep prices down by sourcing directly from manufacturers and farmers, cutting out...
Tags: Amazon, Ecommerce, Asia, China, Supply Chain, Tech, E-commerce, Shanghai, Alibaba, Earnings, Alibaba Group, E-book, Online Marketplaces, Bytedance, Pinduoduo, Tiktok


New China Billionaire Drops $2.8 Billion as PDD Shares Tumble

PDD shares dropped 17 percent, the most since it went public last year. Huang, a prolific entrepreneur who started his career at Google, founded PDD in 2015 as Alibaba Group Holding Ltd. and other existing e-commerce operators appeared to have a lock on the market. PDD rapidly became China’s third-largest online mall, behind Alibaba and JD.com Inc.
Tags: Google, Science, China, Alibaba, Huang, Alibaba Group Holding Ltd


The “splinternet” is already here

Keith Wright Contributor Share on Twitter Keith Wright is a Villanova School of Business instructor of Accounting and Information Systems, founder of Simplicity On-Demand LLC and former Senior Vice President for Global Sales Operations for SAP. There is no question that the arrival of a fragmented and divided internet is now upon us. The “splinternet,” where cyberspace is controlled and regulated by different countries is no lo...
Tags: Google, Facebook, Column, Mark Zuckerberg, Asia, South Korea, Net Neutrality, Internet, Washington, North Korea, Saudi Arabia, China, Russia, Censorship, Chief executive officer, Tech


America Sells Its Chinese Hacking Fears at Silicon Valley's Biggest Security Conference

Leading them around practically by the tie, neatly dressed NSA handlers guided the American spy agency’s most powerful leaders through labyrinthine crowds in San Francisco’s Moscone Center last week at the annual RSA Conference. With 50,000 attendees, RSA is the biggest cybersecurity conference in the world, known for…Read more...
Tags: Science, Nsa, China, America, Dhs, Fbi, Alibaba, Silicon Valley, Huawei, 5g, San Francisco 's Moscone Center


What Does Amazon’s “Project Zero” Anti-Counterfeiting Plan Mean for You?

Amazon Amazon’s Project Zero is the company’s first real attempt to remove all counterfeit listings from the Amazon marketplace. But how does Project Zero work, and how will it affect customers like you? Wait, There are Counterfeits on Amazon? It sounds strange, but there’s a massive counterfeit market on Amazon. And whether you realize it or not, there’s a chance that you’ve bought a fake product through the retailer at some point. Amazon, unlike stores like Target and Best Buy, relies ...
Tags: Amazon, Crafts, Alibaba, Jeff Bezos, Amazon Amazon, eBay Amazon, Nick Hayek, Amazon and Swatch Group, Swatch Group CEO, Amazon Ouch The Swatch Group


SoftBank’s Son finds more love for early-stage investing, new fund planned: Reuters

SoftBank Group Corp has expanded its appetite for early-stage startups, with a venture capital unit set to launch its biggest fund for early investments as it opens new offices in Asia. The global fund from newly rebranded Seoul-based SoftBank Ventures Asia will be worth as much as $500 million and could launch next month, its CEO JP Lee told Reuters in an interview. By contrast, the average size of similar funds raised last year was just over $100 million, according to data provider Preqin. Sof...
Tags: Asia, South Korea, Japan, China, Singapore, Softbank, Tel Aviv, Trends, Shanghai, Alibaba, Tokyo, Funds, Son, Seoul, Jack Ma, Latin America


Why Participate in March Expo?

By Rieva Lesonsky There’s a ton of opportunity to be had (as we told you last week) by participating in Alibaba.com’s March Expo. The annual special event lasts through the month of March. Of course, the deals, discounts and promotions are a powerful lure to get you to the explore March Expo. But that’s not the only advantage. As retailers and e-tailers you’re always at least partially guessing what your customers want to find in your store and on your site. And all too often, merchants are afra...
Tags: Business, Sales & Marketing, Alibaba, Right Now, Guangzhou, Fundbox, Rieva Lesonsky, Daieme Cosmetic Co, Xiamen Top Great Technology


PayPal to invest $750M, and Dragoneer $100M into MercadoLibre, Argentina’s e-commerce powerhouse

It’s not only SoftBank that’s eyeing up the opportunity to tap into the quickly expanding market for e-commerce in Latin America. MercadoLibre, a marketplace and financial services powerhouse based out of Argentina and serving 18 countries across the region, has announced that PayPal is investing $750 million, and VC Dragoneer another $100 million, as part of a $1.8 billion equity offering to grow its business — specifically to expand the functionality of its e-commerce platform; improve its log...
Tags: Amazon, TC, Ecommerce, Marketplace, Finance, India, Softbank, Funding, US, Tech, Paypal, Alibaba, Argentina, Goldman Sachs, Morgan Stanley, Instacart