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China’s NetEase raises $600M for its music streaming business – TechCrunch

China’s NetEase raises $600M for its music streaming business – TechCrunch As Tencent Music, China’s largest streaming firm, reportedly stalls on its proposed U.S. IPO, one of its closest challengers is doubling down. NetEase Cloud Music, a rival operated by games and publishing giant NetEase, just closed a fresh $600 …

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Chinese WeWork rival Ucommune raises $200M to go after international growth – TechCrunch

Chinese WeWork rival Ucommune raises $200M to go after international growth – TechCrunch China’s Ucommune, the country’s largest rival to WeWork, has been on a busy acquisition spree to build out its domestic business and now it is looking at overseas opportunities after it closed a $200 million Series D …

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11/11 shows biometrics are the norm for payments in China – TechCrunch

11/11 shows biometrics are the norm for payments in China – TechCrunch Chinese consumers were quick to adopt digital payments, and a recent shopping binge showed they are ready for another leap: biometric payments. On November 11, Alibaba wrapped up Singles’ Day – the world’s largest shopping event – and …

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Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline push – TechCrunch

Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline push – TechCrunch Alibaba may have pioneered the concept of Singles’ Day, the world’s largest shopping day based on sales, but it very much not the only e-commerce giant involved. JD.com, Alibaba’s biggest rival in China, just announced that …

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Alibaba made a smart screen to help blind people shop and it costs next to nothing – TechCrunch

Alibaba made a smart screen to help blind people shop and it costs next to nothing – TechCrunch Just a few years ago, Li Mengqi could not have imagined shopping on her own. Someone needed to always keep her company to say aloud what was in front of her, who’s …

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In venture capital, it’s still the age of the unicorn – TechCrunch

In venture capital, it’s still the age of the unicorn – TechCrunch Howie Xu is the vice president of artificial intelligence and machine learning at Zscaler. He previously co-founded TrustPath and served as an entrepreneur in residence at Greylock. This month marks the 5-year anniversary of Aileen Lee’s landmark article, …

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Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowing – TechCrunch

Alibaba sets new Singles’ Day record with $31B in sales, but growth is slowing – TechCrunch Alibaba scored another blockbuster Singles’ Day after customers around the world shopped in stores and online on the tenth edition of its November 11 shopping festival. That puts this year’s gross merchandise volume – …

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The top 10 cities for $100M VC rounds in 2018 so far – TechCrunch

The top 10 cities for $100M VC rounds in 2018 so far – TechCrunch Crunchbase News recently profiled a selection of U.S. companies’ largest VC raised in 2018, and no surprise here: the 10 largest rounds all topped out well north of $100 million. A major driver of global venture dollar …

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