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Toss, Korea’s top payment app, raises $40M from Sequoia China and Singapore’s GIC – TechCrunch

Toss, Korea’s top payment app, raises $40M from Sequoia China and Singapore’s GIC – TechCrunch The largest payment app in South Korea, Toss, has pulled in $40 million in fresh investment from Singapore sovereign wealth fund GIC and Sequoia China. The deal for Viva Republica, Toss’s parent company, comes just …

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Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion – TechCrunch

Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion – TechCrunch Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an enormous $14 billion. The rumors …

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More funding for scooters, Cruise gets a boost, and Chinese IPOs – TechCrunch

More funding for scooters, Cruise gets a boost, and Chinese IPOs – TechCrunch  Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week was fun. Back in the studio, Connie Loizos, Matthew Lynley, your humble servant, and Ramneek Gupta, managing director …

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China’s SenseTime, the world’s highest-valued AI startup, closes $620M follow-on round – TechCrunch

China’s SenseTime, the world’s highest-valued AI startup, closes $620M follow-on round – TechCrunch SenseTime, the world’s highest-valued AI company with a valuation of over $4.5 billion, is back in the money again. The company raised $600 million in an Alibaba-led financing round announced last month, and now it has added …

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Alibaba doubles down on logistics with $1.4B investment in Chinese courier ZTO – TechCrunch

Alibaba doubles down on logistics with $1.4B investment in Chinese courier ZTO – TechCrunch Alibaba is doubling down on logistics after it led a $1.38 billion investment in Chinese courier firm ZTO Express alongside Alibaba logistics affiliate Cainiao. ZTO went public on the NYSE in 2016 raising $1.4 billion from …

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Alibaba Group agrees to sell several Tmall healthcare categories to subsidiary Alibaba Health – TechCrunch

Alibaba Group agrees to sell several Tmall healthcare categories to subsidiary Alibaba Health – TechCrunch Alibaba Group announced today that it has agreed to sell several of the healthcare categories on Tmall, its B2C shopping platform, to digital healthcare subsidiary Alibaba Health Information Technology. In exchange, Alibaba Group will receive …

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Tencent leads $50M investment in NewsDog, an app vying to be India’s Toutiao – TechCrunch

Tencent leads $50M investment in NewsDog, an app vying to be India’s Toutiao – TechCrunch The growth of China’s Bytedance, an ambitious $30 billion tech firm, and its highly-addictive Toutiao news aggregator app has set off a search for services with similar growth potential across the world. India, second in …

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How did Thumbtack win the on-demand services market? – TechCrunch

How did Thumbtack win the on-demand services market? – TechCrunch Back in 2008, as the global financial crisis was only just beginning to tear at the fabric of the U.S. economy, entrepreneurs in San Francisco were already hard at work on potential patches. This was the beginning of what’s now …

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Alibaba beats forecasts with 61% growth and predicts more of the same for the next year – TechCrunch

Alibaba beats forecasts with 61% growth and predicts more of the same for the next year – TechCrunch Alibaba is forecasting yet more growth for its business after it beat analyst forecasts with its fourth-quarter results. Revenue came in at 61.9 billion RMB ($9.9 billion), an increase of 61 percent …

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Asia-based recruitment app GetLinks nabs investment led by Alibaba’s Hong Kong fund – TechCrunch

Asia-based recruitment app GetLinks nabs investment led by Alibaba’s Hong Kong fund – TechCrunch GetLinks, a Thailand-based startup that offers a job finder app in six countries Southeast Asia and neighboring regions, has closed new funding led by Australia’s Seek group and Alibaba’s Hong Kong Entrepreneur fund. The size of …

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