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On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn
Lalamove, a Hong Kong-based on-demand logistics startup, has closed a $300 million Series D round as it seeks expansion across Asia. In doing so, the company has officially entered the unicorn club. Founded in 2013 by Stanford graduate Shing Chow, Lalamove provides logistics and delivery services in a similar style to ride-hailing apps like Uber […]
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With a new deal for customers and a fresh $23 million, Mayvenn extends its hair care business
Pitching customers a new, all-inclusive service for buying and installing hair, Mayvenn is looking to significantly expand its haircare business and just raised $23 million in a new round of funding to do it. The new financing was led by Essence Ventures — and it represents the first outside investment by the holding company owned […]
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Tencent is launching its own version of Snap Spectacles
Some were surprised to see Snap release a second version of its “face-camera” Spectacles gadget, since the original version failed to convert hype into sales. But those lackluster sales — which dropped to as low as 42,000 per quarter — didn’t only fail to dissuade the U.S. social firm from making more specs, because now […]
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Qihoo’s Backdoor Success Won’t Start a Trend
Qihoo 360 Technology Co. is Data: Bloomberg; graphic by Bloomberg Gadfly Qihoo 360, which late last month received approval for a share sale and asset purchase plan with Shanghai-traded elevator maker SJEC Corp., was one of several Chinese companies that listed offshore only to later seek a public presence back home where valuations were, at […]