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  • Africa e-tailer Jumia reports first full-year results post NYSE IPO

    Pan-African e-commerce company Jumia got into the black (by a small amount) on its gross profit vs. fulfillment expenses, expanded financial services and still posted losses. The online sales company, with an operations center in China, also anticipates some negative impact on 2020 growth from the coronavirus outbreak, CEO Sacha Poigonnec said. These were highlights […]

    February 25th, 2020 12:47 PM

    When that ‘AI company’ isn’t really an AI company

    Artificial intelligence is one of the most important fields in technology right now, which makes it ripe for buzzword-savvy startups to leverage for attention. But while machine learning and related technologies are now frequently employed, it’s less common that it’s central to a company’s strategy and IP. It’s important to note that this sort of […]

    February 25th, 2020 12:30 PM

    Cityscoot raises another $25.6 million for its electric moped service

    French startup Cityscoot is raising a $25.6 million (€23.6 million) funding round from Allianz France, Demeter as well as existing investors Groupe RATP and Banque des Territoires. The startup is also raising at least $6.5 million (€6 million) in debt in order to finance its service. Cityscoot is a free-floating electric scooter service (moped scooters). […]

    February 25th, 2020 12:19 PM

    Daily Crunch: Amazon opens its first cashier-less grocery store

    Amazon expands its Just Walk Out technology beyond convenience stores, Intuit acquires Credit Karma in its biggest acquisition ever and Grab raises hundreds of millions of dollars. Here’s your Daily Crunch for February 25, 2020. 1. Amazon opens its first cashierless grocery store Amazon is opening its first grocery store to pilot the use of […]

    February 25th, 2020 12:15 PM

    Disney blocks John Oliver’s new episode critical of India’s PM Modi

    Hotstar, India’s largest on-demand video streaming service with more than 300 million users, has blocked the newest episode of HBO’s “Last Week Tonight with John Oliver” that was critical of Prime Minister Narendra Modi. The move has angered many of its customers ahead of Disney+’s launch in one of the world’s largest entertainment markets next month. […]

    February 25th, 2020 12:14 PM

    HP offers its investors billions in shareholder returns to avoid a Xerox tie-up

    To ward off a hostile takeover bid by Xerox, which is a much smaller company, HP (not to be confused with Hewlett Packard Enterprise, a separate public company) is promising its investors billions and billions of dollars. All investors have to do to get the goods is reject the Xerox deal. In a letter to […]

    February 25th, 2020 11:52 AM

    Startup malaise, startup ambition

    Recapped. Layoffs. Slowdown. CEO transition. Budget cuts. Downsizing. In spite of a spate of massive startup exits the last few months, culminating in fintech’s shining moment yesterday with Intuit’s $7.1 billion acquisition of Credit Karma, it’s been a tough period for the startup world. Layoffs abound, centered perhaps on SoftBank’s Vision Fund portfolio but hardly […]

    February 25th, 2020 11:44 AM

    Opera’s new browser can tame your tabs

    A new web browser from Opera launching today aims to help users get their chaotic mess of open tabs back under control. In the latest release of Opera’s desktop browser (codenamed R2020), the company is introducing a new feature called “Workspaces” that allows you to organize your tabs based on different contexts — for example, […]

    February 25th, 2020 11:42 AM
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