Over the past several years, institutional investors had largely shied away from China’s e-cigarette makers, an industry that was teeming with shoddy workshops and lacked regulatory oversight. But investors’ attitude is changing as China sets in motion its strictest ever regulation on electronic cigarettes. Myst Labs, a Chinese e-cigarette maker co-founded in 2019 by Chenyue […]

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Coinbase shares tumbled today to their their lowest point since the company began trading publicly on April 14. The market often moves in mysterious ways, but several drivers could be at play, including Coinbase’s high opening price at the time of its direct listing, its reliance on margins that are all but certain to drop […]

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SoftBank has picked its bet in China’s flourishing industrial robotics space. Youibot, a four-year-old startup that makes autonomous mobile robots for a range of scenarios, said it has notched close to 100 million yuan ($15.47 million) in its latest funding round led by SoftBank Ventures Asia, the Seoul-based early-stage arm of the global investment behemoth. […]

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Let's unpack the deal to gain a better understanding of the huge exit and the value of Divvy's richly funded competitors.

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Succession is a major issue for many venture firms. Institutional investors, founders — even reporters — often get attached to senior members of a team, and when one of those individuals decides to hang up his or her cleats, it can be tricky for the rest of the partnership. For its part, Emergence, a highly […]

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The City of New York’s lawsuit against JOCO, the docked electric bike-share service, hit a snag with the court Thursday, when it was denied temporary restraining order to end the company’s operations. The city alleges in the lawsuit field Wednesday that JOCO is operating illegally because all bike-sharing systems within the city require prior written authorization […]

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It’s safe to say WhatsApp didn’t have the ideal start to 2021. Less than a week into the new year, the Facebook-owned instant messaging app had already annoyed hundreds of thousands of users with its scary worded notification about a planned policy update. The backlash grew fast and millions of people, including several high-profile figures, […]

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In April, real estate tech company Compass forged ahead with its initial public offering and is now valued at several billions of dollars. At that time, TechCrunch Senior Editor Alex Wilhelm caught up with founder and CEO Robert Reffkin to chat about his company’s debut in the market’s suddenly choppy waters for tech and tech-enabled […]

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What would have been a celebratory earnings call in just about any other quarter ended on a somber note today, as Peloton CEO John Foley kicked things off with an apology. “We are a members-first organization,” the executive stated. “And that means for all of us at Peloton, the safety of our member community comes […]

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Apple’s new AirTag item trackers are pretty small, but not quite small enough to slip into most wallets without adding an obvious bit of bulk. Fortunately, as one talented AirTag owner has found, that’s nothing you can’t fix with a heat gun, a bit of soldering and an understanding that you could totally fry your […]

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Twitter today confirmed earlier reports that it’s testing a new Tip Jar feature. The new addition utilizes a number of different payment platforms, including PayPal, Venmo, Patreon, Cash App and Bandcamp (all region-dependent). “Tip Jar is an easy way to support the incredible voices that make up the conversation on Twitter,” the company wrote in […]

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David Swensen, among the most highly regarded money managers in the world after growing Yale’s endowment from $1 billion when he joined as a 31-year-old former grad student of the school, to the second-largest school endowment in the country after Harvard, has passed away at age 67. The cause was cancer, which Swensen had been […]

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Of the 22 million comments submitted to the FCC regarding 2017’s controversial rollback of net neutrality, some 18 million were fake, an investigation by the New York Attorney General’s office has found. The broadband industry funded the fraudulent creation of about 8.5 million of those, while a 19-year-old college student submitted 7.7 million, and the […]

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Orbital launch company Virgin Orbit has scheduled its next mission to space. Virgin Orbit will be returning its LauncherOne rocket to orbit in June to deliver payloads for the U.S. Department of Defense Space Test Program, SatRevolution and the Royal Netherlands Air Force. The manifest includes three CubeSat satellites as part of the DoD’s Rapid […]

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