Catherine Shu
Writer
The Latest from Catherine Shu
Meituan-Dianping’s IPO off to a good start as shares climb 7% on debut
Meituan-Dianping (3690.HK) enjoyed a strong debut today in Hong Kong, a sign that investors are confident in the Tencent-backed company’s prospects despite its cash-burning growth strategy, heavy co
Google will match up to $1M in donations for Hurricane Florence relief
As cities in Hurricane Florence’s path deal with its aftermath, Google will match up to $1 million in donations to help with relief efforts. The disaster’s death toll is currently 35 people and ab
Google partners with Renault-Nissan-Mitsubishi to put Android into millions of vehicles
Google will partner with Renault -Nissan-Mitsubishi, the largest auto alliance in the world by vehicle sales, to put Android-based infotainment systems into millions of cars, the companies told Wall S
Ola raises $50M at a $4.3B valuation from two Chinese funds
Ola, the arch-rival of Uber in India, has raised $50 million at a valuation of about $4.3 billion from Sailing Capital, a Hong Kong-based private equity firm, and the China-Eurasian Economic Cooperati
WHILL raises $45M to help people with disabilities get around airports and other large venues
WHILL, the startup known for creating sleek, high-tech personal mobility devices, announced today that it has closed a $45 million Series C. The funding will be used for expanding into new internation
Logistics startup Freightos raises $44.4M Series C led by Singapore Exchange
Freightos, a marketplace for logistics providers, announced today that it has raised a $44.4 million Series C led by Singapore Exchange. Returning investors including General Electric Ventures (the le
Marc and Lynne Benioff will buy Time magazine from Meredith for $190M
Another tech billionaire will scoop up a major news outlet. Meredith Corporation, which acquired Time Inc. in January, announced today that it has agreed to sell its eponymous magazine to Salesforce.c
Website builder Strikingly raises $10M Series A+ to continue growth in China
Almost exactly one year after announcing its Series A, website building platform Strikingly said today that it has raised a $10 million Series A+. The new round was led by Cathay Capital, with partic
Deliveroo will enter Taiwan, its fourth market in the Asia-Pacific so far
Food delivery service Deliveroo is making headway in its Asian expansion strategy. The London-based company announced today that it will launch in Taiwan in the coming weeks, starting with Taipei, the
TiDB developer PingCAP wants to expand in North America after raising $50M Series C
PingCAP, the company behind MySQL-compatible distributed database TiDB, said today that it plans its global operations after raising a $50 million Series C. The round was led by Chinese venture capita
Uber appoints Coca-Cola veteran Rebecca Messina as its chief marketing officer
Uber announced today that it has hired Coca-Cola veteran Rebecca Messina to serve as its chief marketing officer. Messina is the first person to hold that title at Uber and will work with its internat
Hong Kong-based OneDegree gets $25.5M Series A to make coverage more accessible, starting with pet insurance
OneDegree, a Hong Kong-based insurance technology startup, announced today that it has closed a Series A totaling HKD $200 million (about $25.5 million). Half of that amount was pledged by investors t
Alibaba announces CEO Daniel Zhang will succeed Jack Ma as chairman next year
Following speculation about Jack Ma’s imminent retirement, Alibaba Group announced today that its CEO, Daniel Zhang, will succeed Ma as chairman next year. After stepping down as chairman on Septemb
South Korean home cleaning startup Miso sweeps up $8 million Series A
South Korean home cleaning service Miso wants to leave its competition in the dust after raising an $8 million Series A. Led by AddVenture, with participation from returning investors Y Combinator, Fu
WSJ reports that Theranos will finally dissolve
Theranos is reportedly finally closing down for good, nearly three years after a Wall Street Journal investigation called its blood testing technology into question. The WSJ said the company, whose dr
The Xbox Adaptive Controller goes on sale today and is also now part of the V&A museum’s collection
In an important move for inclusion in the gaming community, the Xbox Adaptive Controller, created for gamers with mobility issues, is now on sale. The Victoria and Albert Museum (V&A) also announc
Maoyan, China’s largest online movie ticket service, files to go public in Hong Kong
Tencent-backed Maoyan Weiying, China’s largest online movie ticketing service, has filed for a public offering on the Hong Kong stock exchange. The company, which submitted a prospectus under the na
Meituan reportedly targets $55B valuation for Hong Kong IPO, leading to concerns that may be too high
Meituan-Dianping is reportedly aiming for a $55 billion valuation in its upcoming initial public offering in Hong Kong, but the company’s net losses and increasing competition from Alibaba are a
Microsoft no longer taking new enrollments for its Surface Plus financing program
Microsoft has quietly ended its Surface Plus financing program about a year after it launched. In a message on its site, the company said it stopped taking new enrollments on August 31 “after mu
Enveritas’ technology lets small growers tap into the market for sustainable coffee
Demand for sustainable coffee is growing, a boon for socially conscious coffee lovers — but many small growers are missing out because they lack the ability to verify that their coffee beans are