TechCrunch

Genetic testing startup Prenetics gets $40M from investors, including Alibaba’s Hong Kong fund

Prenetics, a genetic testing startup, plans to expand into more Asian countries after raising a $40 million Series B led by Beyond Ventures and Alibaba Hong Kong Entrepreneurs Fund. The round also includes capital from Yuantai Investment Partners, mFund and eGarden Ventures, and brings Prenetics’ total raised so far to $50 million. The capital will […]

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Google Maps ditches automatic calorie estimates after users say it’s not helpful and even potentially harmful

Google Maps will remove a widely criticized experimental iOS feature that estimated how many calories its users could potentially burn by walking a route. A Google rep told TechCrunch that the decision was “based on strong user feedback” and the calorie estimator will no longer appear in Google Maps for iOS starting this evening. The […]

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Social commerce startup Meesho gets $3.4M Series A to build a reseller network in India

While most of the attention paid to India’s e-commerce boom focuses on big players like Flipkart, there’s another fast-growing sector: people, mostly women, who resell items on social media. Several startups now exist to serve the so-called “housewife reseller” market. One of them, Y Combinator alum Meesho, announced today that it has raised a $3.4 […]

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Samsung forecasts an impressive third-quarter operating profit of 14.5 trillion Korean won

Samsung Electronics sounded an optimistic note in its third-quarter earnings guidance today, forecasting consolidated operating profit of about 14.5 trillion Korean won ($12.8 billion). This amount represents a very healthy 179 percent increase from the 5.2 trillion won it reported in the third quarter of 2016, when its results were hurt by the discontinuation of […]

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MioTech gets $7M to build artificial intelligence based tools for wealth managers in Asia

MioTech, a financial tech startup with offices in Hong Kong and Shanghai, has raised $7 million in Series A funding to develop artificial intelligence based software for investment managers. The round was led by Horizons Ventures, the private investment arm of Hong Kong business tycoon Li Ka-shing, with participation from returning investor Zhenfund. MioTech’s graph […]