WeWork China raises $500 million from SoftBank, Temasek, others

July 26, 2018 Editor 0

WeWork has raised yet another gargantuan round of funding, as the shared working hub this time focuses on growing its Chinese business. WeWork China has grabbed a $500 million series B investment from SoftBank, the SoftBank Vision Fund, Hony Capital, Temasek, and Trustbridge partners. The announcement comes nearly a year to the day after WeWork rev…Read More

SoundFi debuts 3D audio format for ‘The Equalizer 2’ opening

July 26, 2018 Editor 0

SoundFi has created a way to bring immersive 3D audio to ordinary headphones and smartphones, and it is releasing an iPhone app that improves the sound for the film The Equalizer 2 as the movie opens on Friday. The free app will work with ordinary headphones and smartphones that viewers take the theaters (four theaters in Los Angeles, and one in Ar…Read More

Qualcomm kills NXP bid after China misses deadline to rule on the deal

July 26, 2018 Editor 0

Qualcomm has terminated its bid for NXP Semiconductors after China’s antitrust regulators failed to offer an opinion on the acquisition offer by today’s deadline. The collapse of the deal comes several months after Broadcom’s hostile takeover bid for Qualcomm was blocked by the U.S. government for security reasons. During that fight, Qu…Read More

PwC: Telecom and media deals are heating up in 2018 while tech mergers fall

July 26, 2018 Editor 0

In the first half of 2018, the value of deals in the media and telecommunications markets rose 197 percent in comparison to the first half of 2017, according to a quarterly survey by accounting firm PwC. The second quarter of 2018 saw deal values rise 19 percent compared to the first quarter, but the number of deals decline. Meanwhile, the value an…Read More

eBay’s new visual search tool lets you drag-and-drop images to find similar items

July 25, 2018 Editor 0

eBay is continuing on its path to harness computer vision techniques to boost its business, as it announced a new feature that will let you search for items using images of similar products on eBay. The ecommerce giant has been doubling down on its AI investments in recent times — it recently hired Jan Pedersen from Twitter to spearhead its b…Read More

Portion launches auction house for crypto art and collectibles

July 25, 2018 Editor 0

EXCLUSIVE: As a distributed ledger, blockchain technology is well-suited to providing an immutable, transparent, censorship-free database of record, thus reducing fraud in a wide range of industries and practices. And that is particularly true in the art world, where the blockchain is already being used, primarily to authenticate high-value works.…Read More

Preply raises $4 million to help young professionals speak in 40 languages

July 24, 2018 Editor 0

EXCLUSIVE: When it comes to the “language of business,” English tends to grab the spotlight. But if you want to sell and market products and services on a global scale, you need a few more linguistic strings to your bow. In fact, Spanish, Portuguese, Russian, and Mandarin all top English as essential languages for business. With that in…Read More