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Meituan-Dianping’s IPO off to a good start as shares climb 7% on debut – TechCrunch

Meituan-Dianping’s IPO off to a good start as shares climb 7% on debut – TechCrunch Meituan-Dianping (3690.HK) enjoyed a strong debut today in Hong Kong, a sign that investors are confident in the Tencent-backed company’s prospects despite its cash-burning growth strategy, heavy competition and a sluggish Hong Kong stock market. …

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Old media giants turn to VC for their next act – TechCrunch

Old media giants turn to VC for their next act – TechCrunch The Web 1.0 and Web 2.0 eras weren’t kind to the world’s largest media conglomerates, throwing their business models into question, creating whole new categories of content consumption, and bringing online competition to subscription and ad pricing. Many …

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Startups are giving writers and filmmakers more ways to make it in Hollywood – TechCrunch

Startups are giving writers and filmmakers more ways to make it in Hollywood – TechCrunch On May 11 Netflix released the teen dramedy “The Kissing Booth” just as the school year was wrapping up for teens across the country. By June, the company had a smash hit among the tweenage …

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Indian patient-doctor platform DocPrime gets $50M for city expansion – TechCrunch

Indian patient-doctor platform DocPrime gets $50M for city expansion – TechCrunch Less than three months after it raised $200 million led by SoftBank’s mighty Vision Fund, Indian digital insurance startup PolicyBazaar beefed up its new healthcare business through a $50 million capital injection. DocPrime, which lets visitors book consultations with …

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Go-Jek plans to raise $2B more for Southeast Asia ride-hailing battle – TechCrunch

Go-Jek plans to raise $2B more for Southeast Asia ride-hailing battle – TechCrunch Indonesia’s Go-Jek is planning to raise $2 billion from investors to fuel its ride-hailing battle with Grab in Southeast Asia. Go-Jek raised $1.5 billion earlier this year from investors that include Chinese trio Tencent, Meituan and JD.com, …

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Chinese electric vehicle maker Nio makes bumpy start following $1B IPO – TechCrunch

Chinese electric vehicle maker Nio makes bumpy start following $1B IPO – TechCrunch Nio, the Tesla -wannabe electric vehicle firm from China, enjoyed a mix start to life as a public company after it raised $1 billion through a listing on the New York Stock Exchange on Wednesday. The firm …

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WeChat Now Censoring Bitmain and Crypto Price Prediction Accounts

WeChat Now Censoring Bitmain and Crypto Price Prediction Accounts The WeChat messaging app is continuing its efforts to block official accounts that involve cryptocurrencies, now targeting those that distribute content for sales of bitcoin miners and cryptocurrency market analysis. The official sales channel of bitcoin mining giant Bitmain, which has …

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Tencent to tighten age verification checks for gamers amid government crackdown – TechCrunch

Tencent to tighten age verification checks for gamers amid government crackdown – TechCrunch Chinese Internet giant Tencent has announced it’s bringing in a new system of age checks to its video games which will be linked to a national public security database — in an effort to reliably identify minors …

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