A sizable funding round is poised to heat up a race to automate China’s logistics infrastructure. Beijing-based fleet management company G7 announced on Monday that it has banked $320 million to drive technological development, bringing its total capital raised to around $500 million. G7, which runs a proprietary connected platform for trucks, shippers, fleet manager and…
Much has been said about the SoftBank Vision Fund (SBVF), mostly in awe of the size of the investment vehicle. It’s important to remember that the $100 billion number most often associated with the gargantuan fund is only a target. Today, however, the Vision Fund inched yet closer to that 12-figure goal as it continues to pour billions of…
It appears that most mobile carriers, including O2 and SoftBank, have recovered from yesterday’s cell phone network outage that was triggered by a shutdown of Ericsson equipment running on their networks. That shutdown appears to have been triggered by expired software certificates on the equipment itself. While Ericsson acknowledged in their press release yesterday that expired…
At a bail hearing today, new details emerged surrounding Huawei chief financial officer Meng Wanzhou’s arrest in Vancouver, Canada over the weekend. The daughter of Huawei founder Ren Zhengfei is accused of fraud with a maximum penalty of 30 years in prison, according to journalists present at the hearing. The U.S. Department of Justice alleges Meng allowed…
Andy Rubin’s Essential has acquired CloudMagic, makers of the Newton email app, for an undisclosed sum. The news, first reported this morning, has since been confirmed by TechCrunch. An Essential spokesperson offered the following admittedly open-ended statement, “We are always on the lookout for companies with great technology and talent to help accelerate our product…
It’s a busy week for Epic Games . Fresh from pushing out a major season 7 update for Fortnite, so the gaming giant has taken the wraps off its own games store. First announced earlier this week, the Epic Games Store is targeted squarely at Steam — the giant in the digital game commerce space…
If you spend enough time scrolling through manicured photos of manicured lives on social media, you might come to the realization that maybe the fakeness of the online world has started to look too real. This might be why so many investors are starting to stare headlong into the world of avatars and digital influencers…
You don’t have to follow the financial technology industry or work with developers in faraway lands to know TransferWise, arguably the world’s leading peer-to-peer money-transferring startup. Thanks to its presence in more than 70 countries, low-cost rates for moving money internationally and, of course, its famous “nothing to hide” PR campaign that featured its semi-naked…
Want to run your own home shopping network? Facebook is now testing a Live video feature for merchants that lets them demo and describe their items for viewers. Customers can screenshot something they want to buy and use Messenger to send it to the seller, who can then request payment right through the chat app.…
It’s been a good week for Japanese startups. Fresh from Google making a rare investment in the country when it backed AI startup Abeja, so Salesforce — another U.S. tech titan — has announced a $100 million fund for enterprise startups in Japan. The Japan Trailblazer Fund is Salesforce Venture’s first local fund in Asia.…
