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Rita Liao @ TechCrunch · 01/05/2021 03:58 EDT

NYSE reverses plans to delist China’s three big telcos

In an unexpected turn, the New York Stock Exchange said Monday that it no longer intends to delist China’s three major telecoms operators, a decision that was originally announced on December 31. The initial action targeted China Mobile, China Unicom and China Telecom as part of the Trump Administration’s move to bar investment in companies […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 01/05/2021 02:54 EDT

Alibaba shuts down 12-year-old music streaming app Xiami

Using Xiami was once synonymous with having good music taste in China. The music app, which debuted around 2008 and was acquired by Alibaba in 2013, is discontinuing its streaming service today, Xiami said in a notice to users. Xiami, which means “smalll shrimp” in Chinese, was once known for its smart discovery, elegant design, […] Read more

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TechCrunch
Catherine Shu @ TechCrunch · 01/05/2021 01:08 EDT

TrendForce expects the smartphone market to slowly recover in 2021, but Huawei won’t benefit

After a dismal year, the global smartphone market will slowly start recovering in 2021, predicts TrendForce. But Huawei won’t benefit and, in fact, will fall out of the research firm’s list of the world’s top six smartphone makers. In 2020, global smartphone production dropped 11% year-over-year to 1.25 billion units. This year, TrendForce expects it […] Read more

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TechCrunch
Connie Loizos @ TechCrunch · 01/05/2021 00:41 EDT

Silicon Valley Bank just made an even bigger push into wealth management

SVB Financial Group agreed today to buy Boston Private Financial Holdings in Boston for $900 million in cash and stock. It’s a big deal for SVB, which has earned a reputation over its 37-year history as a bank that’s friendly to startups, as well as venture and private equity investors. Boston Private, founded in 1987, […] Read more

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TechCrunch
Rita Liao @ TechCrunch · 01/04/2021 23:07 EDT

Jack Ma’s absence from public eye sparks Twitter discussions

The world’s attention is on Jack Ma’s whereabouts after reports noted the billionaire founder of Alibaba and Ant Group had been absent from public view since late October. On October 24, Ma delivered fiery remarks against China’s financial system to an audience of high-rank officials. Days later the Chinese authorities abruptly halted Ant’s initial public […] Read more

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TechCrunch
Jonathan Shieber @ TechCrunch · 01/04/2021 18:40 EDT

Looking to decarbonize the metal industry, Bill Gates-backed Boston Metal raises $50 million

Steel production accounts for roughly 8 percent of the emissions that contribute to global climate change. It is one of the industries that sits at the foundation of the modern economy and is one of the most resistant to decarbonization. As nations around the world race to reduce their environmental footprint and embrace more sustainable […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 01/04/2021 18:15 EDT

Daily Crunch: Hundreds of Google and Alphabet employees unionize

Google employees take another step in their activism, Venmo adds a check-cashing feature and Slack has some issues. This is your Daily Crunch for January 4, 2021. The big story: Hundreds of Google and Alphabet employees unionize More than 200 employees at Google and its parent company Alphabet have announced that they have formed the […] Read more

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TechCrunch
Sarah Perez @ TechCrunch · 01/04/2021 17:45 EDT

Twitter acquires social podcasting app Breaker, team to help build Twitter Spaces

Twitter has acquired social broadcasting app Breaker, the companies announced today via a combination of blog posts and tweets. The deal will see Breaker’s team joining Twitter to help “improve the health of the public conversation” on the service, as well as work on Twitter’s new audio-based networking project, Twitter Spaces. The Breaker app, however, […] Read more

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TechCrunch
Walter Thompson @ TechCrunch · 01/04/2021 16:00 EDT

How to convert customers with subscription pricing

While the customer dynamic has changed over the last 20 years, it's actually gotten easier to convert and retain customers through the subscription funnel. Read more

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TechCrunch
Walter Thompson @ TechCrunch · 01/04/2021 14:45 EDT

2020 was a record year for Israel’s security startup ecosystem

The start of a new year presents the perfect opportunity to reflect on the annual performance of our focus, the Israeli cybersecurity ecosystem. Read more

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TechCrunch
Danny Crichton @ TechCrunch · 01/04/2021 14:29 EDT

The cauldrons of gold theory of media and startups

Another week, another email newsletter. This time, the story is Punchbowl, a politics-centric newsletter founded by a crop of recent Politico alums including Jake Sherman, Anna Palmer and John Bresnahan. Ben Smith has the story, as does Maxwell Tani at the Daily Beast with some more juicy details. Why do we need another newsletter analyzing […] Read more

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TechCrunch
Darrell Etherington @ TechCrunch · 01/04/2021 13:52 EDT

The Amazon-Berkshire Hathaway-JPMorgan healthcare joint venture is officially ending

A somewhat nebulous, but high-profile and potentially heavily-moneyed joint venture is coming to an end: Haven, the JV created by Amazon, Berkshire Hathaway and JPMorgan Chase, is being “disbanded” according to CNBC, three years after its original formation. One of the main reasons is that each partner in the venture was apparently just pursuing their […] Read more

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TechCrunch
Kirsten Korosec @ TechCrunch · 01/04/2021 13:04 EDT

Lidar startup Aeva raises another $200M ahead of its debut as a public company

Aeva, the lidar company started by two former Apple engineers, has raised an additional $200 million in private investment from Hong Kong hedge fund Sylebra Capital ahead of its debut as a publicly traded company. The Mountain View, California-based startup announced in fall 2020 that it was merging with special purpose acquisition company InterPrivate Acquisition […] Read more

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TechCrunch
Alex Wilhelm @ TechCrunch · 01/04/2021 12:29 EDT

5 questions about 2021’s startup market

As we turn the page, I have a number of questions worth raising as we muck into 2021. Read more

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TechCrunch
Devin Coldewey @ TechCrunch · 01/04/2021 12:24 EDT

Deep Science: Using machine learning to study anatomy, weather and earthquakes

Research papers come out far too rapidly for anyone to read them all, especially in the field of machine learning, which now affects (and produces papers in) practically every industry and company. This column aims to collect the most relevant recent discoveries and papers — particularly in but not limited to artificial intelligence — and […] Read more

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TechCrunch
Natasha Lomas @ TechCrunch · 01/04/2021 12:06 EDT

Italian court rules against ‘discriminatory’ Deliveroo rider ranking algorithm

A court in Italy has dealt a blow to unalloyed algorithmic management after a legal challenge brought by three unions. The Bologna court ruled that a reputational ranking algorithm used by on-demand food delivery platform Deliveroo discriminated against gigging delivery workers by breaching local labor laws. The ruling, reported earlier in the Italian press, found Deliveroo’s […] Read more

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TechCrunch
Darrell Etherington @ TechCrunch · 01/04/2021 12:00 EDT

Color raises $167 million funding at $1.5 billion valuation to expand ‘last mile’ of U.S. health infrastructure

Healthcare startup Color has raised a sizeable $167 million in Series D funding round, at a valuation of $1.5 billion post-money, the company announced today. This brings the total raised by Color to $278 million, with its latest large round intended to help it build on a record year of growth in 2020 with even […] Read more

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TechCrunch
Natasha Mascarenhas @ TechCrunch · 01/04/2021 12:00 EDT

One Way Ventures, a firm focused on immigrant founders, closes second fund

One Way Ventures, a venture capital firm that backs immigrant founders, has closed its second fund at $57.5 million. The close comes three years after One Way announced its debut fund, a $28 million investment vehicle. The new fund will allow One Way to grow their check size from $500,000 to $1 million, giving them […] Read more

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TechCrunch
Anthony Ha @ TechCrunch · 01/04/2021 11:39 EDT

Discovery+ launches in the US today

The new year is kicking off with the launch of a new streaming service — Discovery+, which offers programming from Discovery’s networks including HGTV, Food Network, TLC, ID, OWN, Travel Channel, Discovery Channel and Animal Planet. Discovery+ actually launched in the United Kingdom and Ireland last fall through a deal with Sky, but the company […] Read more

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TechCrunch
Sarah Perez @ TechCrunch · 01/04/2021 11:35 EDT

Hulu’s live TV service gains 14 new channels as result of ViacomCBS deal

A new agreement between Hulu and ViacomCBS will bring 14 new channels to Hulu’s live TV streaming service, while also renewing the deal that allows Hulu to carry various CBS broadcast stations and Showtime. According to ViacomCBS, the new multi-year distribution deal will for the first time allow Hulu + Live TV subscribers to stream […] Read more

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