PC gaming company Razer is set to raise upwards of $504 million (HK$3.9 billion) when it lists on the Hong Kong Stock Exchange on Monday. The company, which develops gaming-focused accessories for PCs, laptops and is preparing to sell its first smartphone, today priced its shares at HK$3.88. That comes in towards the high-end of its HK$2.93-HK$4.00 price range set last month. The listing… Read More
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Musical.ly, the lip-syncing app popular with teens and young people, has been sold to Chinese social media giant Toutiao, according to an announcement made today. The deal is undisclosed by sources tell TechCrunch that Bytedance, the company behind China’s top news aggregator service Toutiao, will pay between $800 million and $1 billion to buy Musical.ly, which claims 60 million users… Read More
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Sogou, the Chinese search engine, debuted on the New York Stock Exchange on Thursday, under the ticker “SOGO.” After pricing at the top of the range at $13 per share, the company raised $585 million. Sogou then hovered around $13.50 for most of its first day of trading, closing the day at $13.51, up about 4%. Beijing-based Sogou aims to be a Google for China. While it’s a… Read More
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Our spidey senses are burning over here. According to an SEC filing, TechCrunch has learned Bolt Threads, the biotech company spinning microbes into spider silk, is raising a whopping $106 million in Series D financing. Bolt Threads has been on a meteoric rise since it first told TC about its ambitious endeavor to make spider silk, a material stronger than teflon but softer than a cloud,… Read More
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Investors are suing Outcome Health, a startup selling ad space on screens in doctor’s offices, for alleged fraud and breach of contract eight months after pouring $500 million into the company. First reported in the Wall Street Journal, investors Goldman Sachs, which invested $100 million into the company, and Google parent company Alphabet’s investment arm CapitalG, Norwest… Read More
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Digital patient relationship platform Welkin Health has landed $8 million in Series A financing, led by Jared Kushner’s Thrive Capital. This now brings the total in the VC piggy bank to $12 million for the company. Welkin launched in 2013 as a digital monitoring system for diabetics. It joined Rock Health in 2014 to create a disease management platform with robotic coaching tools… Read More
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As Apple continues to work on ever-smaller but more powerful computing devices, it has acquired a startup focusing on nanotechnology, and specifically as it relates to image sensors. TechCrunch has learned and confirmed that Apple has picked up InVisage Technologies, a startup that develops solutions to improve imaging capabilities on space-constrained devices, like smartphones.
An Apple… Read More
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WeLab, an financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity and debt financing. The round, which WeLab says is its Series B+, brings its total funding so far to $425 million. Investors include the Alibaba Hong Kong Entrepeneurs Fund, the World Bank’s International Finance Corporation (IFC) and Credit Suisse,… Read More
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Travel metasearch giant Skyscanner has acquired Twizoo, a small London-based startup which makes a platform for brands to automate injecting relevant social content across their digital footprint. Read More
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European startup Natural Cycles is pushing to establish its EU-certified “digital contraceptive app” as a globally accepted contraception option — and compete with tried and tested options used by millions of couples worldwide. Read More
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