Thousands of people gathered Wednesday night in a southern Chinese city to hear Zhang Xiaolong, Tencent’s low-key executive who built WeChat eight years ago. It’s no longer adequate to call the app a messenger, for it now enables myriad functions that infiltrate Chinese people’s private and public lives. It wasn’t just the tech circles tuning
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If you follow millennials on Twitter (and god help you), then you know that Anne Helen Petersen’s piece this past weekend “How Millennials Became The Burnout Generation” struck a deep chord for many. It’s longform and detailed, but Petersen’s primary thesis is that my generation has been dumped into one of the worst moments for
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The London fintech industry is pretty close-knit, full of strong personalities, and at times fiercely competitive. Within this context it is quite common for employees — and sometimes even founders — to swap sides. The latest such move sees André Mohamed, previously CTO and a co-founder of Freetrade, join rival Revolut as its new Head
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Should you let AI help you pick your roommates? Barcelona-based urban room rental startup Badi thinks so, and it’s just closed a $30 million Series B funding round less than a year after a $10 million Series A — suggesting algorithm-aided matchmaking is resonating with its target millennial(ish) “Generation Rent” demographic as they hunt for their
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The funding streak for educational startups in Asia continues into 2019 after Emeritus, a U.S-Indian company that partners with universities to offer digital courses, landed a $40 million Series C round led by Sequoia India. The deal includes participation from existing investor Bertelsmann India Investments, and it takes Emeritus — founded in 2010 as offline management program company Eruditus — to
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Google will be cheered by the view of an influential advisor to Europe’s top court vis-à-vis the territorial scope of the so-called ‘Right to be Forgotten.’ Since a 2014 Court of Justice decision, search engines operating in Europe have been required to accept and review requests from private citizens to delist outdated or irrelevant search
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TransferWise, the London-headquartered international money transfer company, is applying for a new licence in Brussels, in a bid to navigate a possible “no deal” Brexit as the U.K. prepares to leave membership of the European Union on March 29 this year. One of the definite plusses of EU membership, and something that has undoubtedly benefited
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Carbon Engineering, a Canadian company developing technology to remove carbon dioxide from the atmosphere and process it for use in enhanced oil recovery or in the creation of new synthetic fuels, has locked in financing from two big industry backers — Chevron and Occidental Petroleum — to bring its products to market. The undisclosed amount
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The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. Facebook is the new crapware  Well Facebook, you did it again. Fresh off its latest privacy scandal, the troubled social media
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Square today announced the launch of its in-app payments SDK that allows developers to build Square-powered payments right into their mobile apps. While Square remains best known for its offline payments solutions that grace virtually ever independent coffee shop and quirky corner store, the company has long offered APIs for taking online payments on the
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Cambridge Analytica’s parent company, SCL Elections, has been fined £15,000 in a UK court after pleading guilty to failing to comply with an enforcement notice issued by the national data protection watchdog, the Guardian reports. While the fine itself is a small and rather symbolic one, given the political data analytics firm went into administration last
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Last year, four of the largest U.S. cell carriers were caught selling and sending real-time location data of their customers to shady companies that sold it on to big spenders, who would use the data to track anyone “within seconds” for whatever reason they wanted. At first, a little-known company LocationSmart was obtaining (and leaking)
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Well, that didn’t take long. We’re less than 10 days into 2019 and already Vietnam is aiming threats at Facebook for violating its draconian cybersecurity law, which came into force on January 1. The U.S. social network stands accused of allowing users in Vietnam to post “slanderous content, anti-government sentiment and libel and defamation of
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Welcome to 2019, where we learn Facebook is the new crapware. Sorry #DeleteFacebook, you never stood a chance. Yesterday Bloomberg reported that the scandal-beset social media behemoth has inked an unknown number of agreements with Android smartphone makers, mobile carriers and OSes around the world to not only pre-load Facebook’s eponymous app on hardware but render
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An intriguing new startup is out from under the radar in Southeast Asia after BasisAI, a Singapore-based company, revealed itself this week. The startup disclosed a seed investment from two prestigious investors in the region and some impressive credentials to back it up. Started by twin brothers Linus and Silvanus Lee and Liu Feng-Yuan — all Singapore
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