Category Archives: economy

Tantan, China’s top dating app, raises $70M for monetization and overseas expansion push

 Chinese startup Tantan, which is probably most comparable to Tinder, has raised $70 million in new capital as it looks to monetize its business for the first time and explore overseas expansion options. Three-year-old Tantan claims 60 million ‘validated’ users — i.e. not fake accounts — of which six million are active on a daily basis. Of those active users, 75 percent… Read More

Founder’s Corner: Wealthfront’s Andy Rachleff on growing a business

 Omidyar Network’s Emerging Tech team has launched the second season of its podcast, Founder’s Corner, with lessons from today’s premier founders and CEOs. We will be speaking with some of the top executives in tech. This season features investor and entrepreneur Reid Hoffman, Yancey Strickler, CEO and cofounder of Kickstarter, Gina Bianchini, CEO and founder of Mighty… Read More

The Baggizmo Wiseward is more than a wallet

 In a hole in your pants there lived a wallet. Not a nasty, dirty, wet wallet, filled with the receipts and cigarette papers and an oozy smell, nor yet a dry, bare, boring wallet that fit nothing and there nothing in it to sit down on or to eat: it was a Baggizmo wallet, and that meant lots of gadgetry. It had a perfectly flat folder design, with a programmable NFC chip installed. The wallet… Read More

Pebble founder Eric Migicovsky and Airbnb growth lead Gustaf Alstromer join Y Combinator

 Y Combinator is officially adding three new team members to its roster this morning. Gustaf Alstromer, formerly product leader of Airbnb’s growth team, is joining YC as a partner. Meanwhile Pebble founder Eric Migicovsky is taking a visiting partner role and Jocelyn Robancho is coming on board to assist with organizing YC’s startup batches. Though Alstromer and Migicovsky… Read More

Swatch launches Swatch X You, a custom design system for true watchanistas

 Swatch, the fashion watch for the masses, has created Swatch X You, a clever online watch “factory” that lets you pick a face, band, and extra doodads to truly customize your $65 to $85 watch. The service, available now, offers watches in two sizes 34mm and 41mm. I’ve asked the Swatch group for comment – I basically want to know who is buying Swatches these days… Read More

Columbus could be the next startup city

 Ever since I wrote about the Midwest last year I’ve been keeping my eyes on Columbus. I decided to hold a small pitch-off to meet some of the startups I saw last time I had driven through. The pitch-off was a success and a company called Wyzzer took first place and the quirky Hopper Carts came in second. But what I really came away with was a new respect for Columbus as a startup hub.… Read More

Alibaba is in talks to invest in Uber’s Southeast Asia rival Grab

 Alibaba could substantially increase its business interests in Southeast Asia with an investment in Uber rival Grab. Bloomberg reports that Alibaba President Jack Ma is considering joining an upcoming $1.4 billion funding round for Grab which will be led by SoftBank, a company with many links to Alibaba. Separately, TechCrunch has confirmed with a source that Alibaba has held meetings with… Read More

China’s Mobike raises $600M to expand its bikes on-demand service worldwide

 Mobike, one of two fast-emerging on-demand bike rental services, has landed $600 million in new funding as it seeks to expand its business outside of China. Bike rentals are shaping up to be the first global tech industry that was born in China. The principle is simple: bikes are fitted with GPS trackers which allows them to be picked up from and left anywhere using an app. With companies… Read More

India’s MobiKwik is raising new funding at $1B valuation to battle payment rival Paytm

 With high-profile investments from Alibaba and SoftBank fueling an impressive growth story since demonetization last year, you could be forgiven for thinking that Paytm has India’s payments market sewn up. But at least one company will agree to differ on that. MobiKwik, the mobile payments startup that is number two to Paytm in India, is quietly confident that it can take advantage of… Read More