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Chinese tech stocks tumble from more than just trade tensions – TechCrunch

Chinese tech stocks tumble from more than just trade tensions – TechCrunch Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. Reports of trade tensions between China and the US in the past few months have been hard to ignore. In early July, …

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A new $124 million for Brazil’s Movile proves that investors still see promise in Latin American tech – TechCrunch

A new $124 million for Brazil’s Movile proves that investors still see promise in Latin American tech – TechCrunch Brazil’s macroeconomic picture may be gloomy, but technology investors still see hope in the nation’s burgeoning technology sector — and a recent $124 million financing for the mobile conglomerate Movile is …

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Indian food delivery startup Swiggy raises $210M at a $1.3B valuation – TechCrunch

Indian food delivery startup Swiggy raises $210M at a $1.3B valuation – TechCrunch India’s food delivery race is hotting up after Swiggy, one of the startups vying for pole position, landed $210 million in new capital for expansion and joined the billion-dollar startup unicorn club. The investment is led by existing …

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Naspers is in talks to invest in Southeast Asia’s Carousell – TechCrunch

Naspers is in talks to invest in Southeast Asia’s Carousell – TechCrunch Naspers, the South Africa-based firm that famously backed Chinese giant Tencent in its infancy, is in talks to invest in Singapore-based startup Carousell, according to two sources with knowledge of discussions. Carousell offers a mobile app that combines …

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Coya raises $30 million to launch its insurance service in Europe – TechCrunch

Coya raises $30 million to launch its insurance service in Europe – TechCrunch Coya, a Berlin-based insurance startup, has raised $30 million in new cash as investors around the world continue to see opportunities in modernizing the insurance industry. Founded by two early employees at the European credit and risk …

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Latin America’s Movile is quietly building a mobile empire – TechCrunch

Latin America’s Movile is quietly building a mobile empire – TechCrunch By 2020, Brazilian mobile giant, Movile, wants to improve the lives of more than one billion people through its apps. The company began its mission in 1998 selling gaming, news and SMS messaging services to mobile operators in Brazil. …

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After buying Flipkart, Walmart seeks allies to join its fight against Amazon in India – TechCrunch

After buying Flipkart, Walmart seeks allies to join its fight against Amazon in India – TechCrunch The rumors are true: Walmart has bought a controlling stake in India’s Flipkart. This isn’t a straight-up acquisition, however, because, rather than going it alone, the U.S. retailer is enlisting strategic allies as it takes its …

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South African tech and media conglomerate Naspers made $2.2 billion from Flipkart sale – TechCrunch

South African tech and media conglomerate Naspers made $2.2 billion from Flipkart sale – TechCrunch Naspers, the South African tech and media conglomerate, continues to have an incredibly hot hand when it comes to global tech investment. Famous for owning a huge chunk of the Chinese Internet powerhouse, Tencent and a …

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Brazil’s tech startups begin to expand globally – TechCrunch

Brazil’s tech startups begin to expand globally – TechCrunch Manoel Lemos is a managing partner of Redpoint eventures, the Brazilian-focused arm of the Silicon Valley venture firm Redpoint. More posts by this contributor Silicon Valley is a state of mind Startups in Brazil, Latin America’s largest entrepreneurial ecosystem, are no …

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A look back at the year that the Sub-Saharan African startup scene found its stride

African tech in 2017 was about the normalization of market events mostly absent even a decade ago. There were acquisitions, multiple investment rounds, lots of expansion, big strategic partnerships, and some surprise failures. Africa is fast becoming home to a dynamic tech sector. Here’s a snapshot of the news that …

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