Tencent

China’s tech giants promise speculation-free NFTs

The future of non-fungible tokens is getting more clarity in China as the country’s tech giants come together to formulate standards for the nascent industry. The China Cultural Industry Associa

Kukua, creators of ‘Super Sema,’ raises $6 million, led by Alchimia and Tencent

Kukua, a Nairobi- and London-based educational entertainment company and the creators of “Super Sema,” the first African animated superhero franchise, has raised $6 million in its latest round of

Incredibuild powers up with $35M to boost its distributed, faster approach to games and software development

Incredibuild, an Israeli startup that has picked up a lot of traction in the worlds of gaming and software development for a platform that drastically speeds up (and reduces the cost of) the shipment

Down bad

Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inb

Tencent, Block back Indonesian fintech platform Flip with $55M Series B extension

Flip, an Indonesia-based consumer payment platform, has closed a $55 million Series B extension round led by Tencent with participation from Block (formerly known as Square) and existing backer Insigh

Meta Pharmaceuticals lands $15M to make autoimmune drugs with AI, new immuno-metabolism tech

Biotech startup Meta Pharmaceuticals sets itself an ambitious goal as it secures its initial investment. The Shenzhen-based company, which sets out to develop treatments for autoimmune diseases with t

Tencent once more seeks to expand its mobile hit Honor of Kings globally

Honor of Kings, the world’s largest mobile game made by China’s internet behemoth Tencent, is rolling out a global version by the end of this year. That’s according to a tweet by Lev

Optibus taps $100M at a $1.3B valuation for its AI-based mass transit operations platform

Mass transit has made a rebound with the return of city life post-COVID 19, and today a startup that’s building tech to help it run more smoothly is announcing a big round of funding to meet the

China’s EV darling Nio turns to Hong Kong and Singapore amid US delisting risk

Nio, an electric vehicle upstart from China, is planning to list its shares in Singapore, which will make the city-state the third base where it trades as geopolitical tensions between China and the U

China’s gaming giant NetEase opens first US studio in Austin

NetEase, the second-largest gaming company in China and the sixth-largest in the world, has opened its first U.S.-based studio in Austin as China’s gaming industry slows. The company’s arc

Robotaxi rivals Pony and WeRide join Chinese ride-hailing service OnTime’s $153M round

This is an interesting day when we see two of China’s major robotaxi foes come together, offering a clue to how the industry is evolving in the country. WeRide.ai and Pony.ai, which both operate

PayU doubles down on LatAm fintech, acquires Ding and leads $46M investment in ‘superapp’ Treinta in Colombia

PayU, the fintech business controlled by Prosus with operations in 50+ countries — it’s been described as the PayPal of emerging markets — announced a double-deal today to expand its

Daily Crunch: To complicate Musk’s attempt to swallow Twitter, board approves ‘poison pill’ strategy

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

China further limits access to unauthorized foreign games

For years, China has left a loophole open for people to access unauthorized video games, but it’s ready to close it. Many foreign titles lack a Chinese publishing partner like Tencent to help th

China’s game engine Cocos raises $50M, goes beyond games

Cocos Technologies, a China-based game engine provider that has been around since 2010, just announced it has picked up $50 million in a Series B funding round in a bid to work on development and move

Tencent to shut down its game streaming service

Tencent, the world’s largest video games company, said it will shutter its game streaming platform Penguin Esports by June due to “changes in business strategies.” Twitch-like Pengui

AR glasses maker Nreal nabs $200M funding in 12 months

China’s augmented reality startup Nreal is on a roll. The company, which hopes to bring AR to the masses by making bright-color, lightweight smart glasses, has just received $60 million in a Se

Fintech startup Jeeves raises $180M, quadruples valuation to $2.1B in half a year

Less than seven months after closing on a $57 million Series B, fast-growing fintech Jeeves has raised $180 million in a Series C round that values the company at $2.1 billion. Financial technology co

China’s tech firms in limbo amid COVID resurgence, US scrutiny

2022 is not looking any easier to many Chinese tech companies. The slew of new cyberspace regulations introduced over the past year or so, from anti-competition rules to restrictions on the use of alg

For China bulls like Jim Breyer, Russia ties present ‘geopolitical challenges and questions’

China has emerged as one of the most powerful countries in the world. Now, its close ties with Russia — against which the rest of the world has swiftly united since its invasion of Ukraine &#821
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