Tencent, Asia’s largest tech firm, is raising $6 billion after the Hong Kong-listed firm announced a new note sale today. Tencent last tapped the markets when it raised $5 billion in January 2018. This time around, it is offering a five-tranche bond that is almost in line with reports earlier this week, which speculated that […]

Zaver, a Swedish fintech that has built a payments platform to facilitate peer-to-peer trades and more, has picked up just over $1.2 million in seed funding. Backing the burgeoning startup are VC firms Inventure and Inbox Capital, as well as a number of relatively well-established angel investors. They include Joen Bonnier (partner at Atomico), Tom […]

Less than a decade ago IPOs, acquisitions, and global expansion by African startups were more possibility than reality. March saw all three from the continent’s tech scene. Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange, per SEC documents and confirmation from chief executive Sacha Poignonnec. In an updated filing, […]

Nauta Capital, the pan-European VC that invests in “capital-efficient” B2B software companies and consumer tech, has announced the closing of a new €55 million “sidecar” fund dedicated to backing its existing later-stage portfolio companies. The VC firm, with offices in London, Barcelona and Munich, typically invests in early-stage technology startups from late seed and at Series A. […]

Last month, it became widely known that MySpace has lost much of the user data uploaded to it before 2016, including potentially million of music tracks from between 2003 to 2015. This is a significant loss for people who may not have used the site anymore, but took for granted that it would remain an […]

If it feels like your Amazon search results have been overwhelmed with promotions for their private-label brands, like Amazon Basics, Mama Bear or Daily Ritual, that may be changing. As lawmakers pay more attention to the most powerful tech companies, Amazon has begun quietly removing some of the more obvious promotions, including banner ads, for […]

SpaceX has completed the first tethered jump for its Starship prototyped, Elon Musk confirmed in a tweet Wednesday evening. Called the Starhopper because it’s making limited hops to test the landing capabilities of the Starship vehicle, the tethered jump represents the first firing of a rocket engine at the company’s Boca Chica launch site. The […]

Tesla delivered 63,000 of its electric vehicles in the first quarter of the year, nearly a one-third drop from the previous quarter, the company reported late Wednesday. Tesla cautioned that it expects first quarter profits to be negatively impacted by lower than expected delivery volumes and several pricing adjustments. Deliveries included about 50,900 Model 3 […]

When it comes to representing yourself on social media, who you actually portray yourself as has always been a bit of a caricature. That thinking has always made it a little interesting to examine how a company like Facebook approaches avatar design for services like their VR avatar system. Oculus Avatars has undergone a number […]

Carlos Ghosn, the former Nissan Motor chairman who was released on $9 million bail last month following three earlier indictments for financial wrongdoing, is being questioned by Tokyo prosecutors and could be rearrested, the Japanese public broadcaster NHK is reporting. NHK showed a video clip of a van leaving Ghosn’s residence Thursday and reported that prosecutors […]