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The Fair Labor Association Delivers Its Findings On Two Apple Supplier Facilities
Back in 2012, Apple signed up for the Fair Labor Association’s voluntary audits in order to bring more transparency to its production practices and supplier partnerships. Today, the FLA released a new report, which contains an audit of two facilities operated by supply partner Quanta in Changshu and Shanghai. The results of the report capture a snapshot of the state of affairs at… Read More
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CloudFlare’s CEO On Expanding In Key Markets Like China And Brazil
As Web security startup CloudFlare grows internationally, it plans to take a slow and steady approach to dealing with the challenges of expanding in key markets like China and Brazil. In a discussion with TechCrunch senior editor Jonathan Shieber this week at TechCrunch Beijing (organized with TechNode), CloudFlare co-founder and CEO Matthew Prince talked about dealing with laws and regulations… Read More
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VMFive Wins TechCrunch Beijing’s Startup Competition With App Advertising Platform AdPlay
More than 200 companies representing a wide array of mobile and hardware technology entered TechCrunch Beijing’s (organized with TechNode) startup competition, but VMFive stood out with AdPlay, which lets users demo an app before purchasing it with no pre-installed software or SDKs required from developers. Read More
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Rocket Internet’s FoodPanda Grabs $60M In New Funding
FoodPanda, Rocket Internet’s food delivery service, has its paws on yet another round of funding. This time it is $60 million from new investor Falcon Edge Capital as well as Rocket Internet AG. The money will be used to expand FoodPanda, as well as its brands hellofood and Delivery Club (a Russian food delivery marketplace that FoodPanda recently acquired), in emerging markets. This… Read More
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PLDT Invests $445M In Rocket Internet To Develop Online Payment Services For Emerging Markets
Rocket Internet and Philippine Long Distance Telephone Company (PLDT), a telecom operator, announced today that they have entered into a strategic partnership to develop online and mobile payment products. PLDT will invest €333 million (about $445 million) for a 10 percent stake in Rocket Internet, putting Rocket Internet’s valuation at about $4.5 billion. Read More
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Merchant Loyalty Platform Startup Spoqa Raises $3.9M To Expand In Japan
Spoqa, the Seoul-based mobile loyalty platform that won the special prize of the jury at TechCrunch Disrupt Tokyo 2011, has raised a total of $3.9 million in funding to date led by Daesung Private Equity group and Bokwang Investments to fuel its expansion in Korea and Japan. Read More
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Join TechCrunch In Beijing Next Week
Shortly after the launch of TechCrunch.cn last year, we brought TechCrunch’s International City Event, organized by our official partner TechNode, to Shanghai, China. This year the event is coming to Beijing. It will take place on August 11 and 12 at T-Space, Chaoyang Park. The theme is “The Red Hardware” to highlight China’s smart hardware makers. Read More
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The US Market Will Benefit From China’s Tech Growth
Editor’s note: Si Shen is the co-founder & CEO of PapayaMobile, the Beijing-based mobile company that operates AppFlood, the largest global mobile RTB ad network out of China. Before Papaya, Si worked on Google’s mobile team in the U.S. and China. This has been a whirlwind year for Chinese tech companies. Alibaba is in the spotlight as it’s on track for an… Read More
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Jewel District Uses 3D Printing To Make Beautiful, Intricate Accessories
A couple years ago, entrepreneur Sungdo Lee had a hit with a series of apps based on music hits, including Harlem Shake Booth, which turns users’ pictures into dancing avatars and scored 12 million downloads. Lee, however, wanted to do something that would have more longevity than entertainment apps. So he turned to 3D printing. Read More
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Xiaomi Surpasses Samsung As China’s Top Smartphone Vendor, Says Canalys
Xiaomi’s name may mean “little rice” in Chinese, but it’s not so little anymore. According to a report from Canalys, Xiaomi has surpassed Samsung as China’s top smartphone maker, thanks to massive growth over the past year. The report says that in the second quarter, Xiaomi shipped 15 million smartphones in China, up from 4.4 million devices, or 240%, in the… Read More
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Thai Fashion Site WearYouWant Scoops Up $1.5M Series A
WearYouWant, a fashion retail site, has raised $1.5 million in Series A funding. The round was lead by Digital Media Partners (DMP), a venture firm that specializes in emerging markets, as well as Japanese e-marketing firm OPT SEA. Other investors include IMG Investment Partners and WearYouWant co-founder Julien Chalte. Read More
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Financial Management Platform 8 Securities Closes $9M Series B
Stock trading and financial management platform 8 Securities has closed a $9 million Series B to support its expansion in Japan and China. Returning investors include Velocity Capital and Leitmotiv Private Equity. Read More
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Ezeecube Is A Stackable, All Inclusive Media Center For Your Home
Ezeecube wants to be the all-in-one media hub for your home. You can use it to wirelessly back up photos and other files from all your mobile devices and cameras, while removing duplicates and organizing with its photo management software. It also functions as a home media cloud so you can access your files anywhere, while streaming photos and videos to iOS and Android devices, or Windows and… Read More
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Xiaomi’s One More Thing
The young electronics company Xiaomi is exploding in China and seems posed to take over the world. In the four short years since its founding, Xiaomi has become the electronics brand to watch in the most populous nation on earth. Xiaomi is the now the real deal — thanks in part to its unabashed appropriation of design cues from companies like Apple. Read More
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Amazon To Invest $2B In Its India Marketplace As Competition With Flipkart Intensifies
Just one day after Flipkart disclosed that it had raised as massive $1 billion round, Amazon has upped the ante by announcing that it will invest $2 billion in its Indian marketplace, which it launched about a year ago. In a statement, Amazon founder Jeff Bezos said “At current scale and growth rates, India is on track to be our fastest country ever to a billion dollars in gross… Read More
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Indian E-Commerce Giant Flipkart Raises Massive $1B Round
Flipkart, the largest e-commerce company in India, announced on Twitter that it has raised a massive $1 billion round. The round was led by Tiger Global Management and Naspers, with participation by GIC and existing investors Accel Partners, DST Global, ICONIQ Capital, Morgan Stanley Investment Management, and Sofina. Read More
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Migraine Buddy Helps Patients And Doctors Work Together For Better Treatment
Migraines aren’t just awful headaches. They are a neurological condition that often come with cluster of syndromes before and after pain starts. These are called prodromes, which can warn some sufferers when a headache is coming, and postdromes, or “migraine hangovers” that can leave patients feeling exhausted. Read More
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Thinknum Raises $1M Seed Round To Give Financial Analysts Better Tools
Thinknum, a financial tech startup that develops tools for analysts, announced today that it has raised $1 million in seed funding led by Pejman Mar Ventures (an investment firm that has also seeded companies like Dropbox, Zoosk, and Lending Club), with participation from Signatures Capital; Green Visor Capital; 500 Startups; 645 Angels; and HKB Capital. The funding will be used to add… Read More
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Case Remote Lets You Wirelessly Control Your DSLR Camera From A Phone
Here’s a neat idea aiming to bridge the gap between older generation technology and today’s ubiquitous touchscreen smartphones. Case Remote is a wireless remote controller for DSLR cameras which links to an Android or iOS smartphone, allowing the camera kit to be controlled via a mobile app. Read More
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Apis Partners Launches New Fintech Growth Fund For Africa, Asia
Apis Partners, a new growth fund to back fintech startups out emerging markets like Asia and Africa, has launched, aiming to raise between $250 million and $300 million. Matteo Stefanel, previously a partner in emerging markets private equity firm Abraaj, created the fund with Udayan Goyal, a founder of fintech investment and advisory firm Anthemis Group. Plenty of innovation in financial… Read More
