Manish Singh / TechCrunch:
Carsome, a Malaysia-based marketplace for trading used cars, raises $50M Series C from MUFG Innovation Partners and others to grow in Southeast Asian markets — Carsome, a Malaysia-based marketplace for trading used cars, has closed a new $50 million financing round to fend off its rivals …
New Orleans Times-Picayune:
New Orleans declares state of emergency, shuts down its network after a ransomware attack on Friday, says it had found no signs that data was lost in the attack — Collin Arnold, the Director of the Office of Homeland Security and Emergency Preparedness, speaks during the press conference …
Fintech startups in Asia are proving to be formidable competitors to traditional banks, offering a slew of financial services, but many are bleeding cash — Rice Basket Queen is the name of a stall run by Ruri Ruhyaty in a bustling suburb of Jakarta. A year ago it was typical of thousands of others.
Michael Sheetz / CNBC:
Morgan Stanley estimates Amazon is delivering half of its US packages, will soon pass UPS and FedEx in total volume, at a current rate of 2.5B packages a year — - Amazon Logistics is the e-commerce giant´s in-house logistics operation. — “Our AlphaWise analysis shows …
Dean Takahashi / VentureBeat:
Game.tv raises $25M Series A led by Intel Capital for Tourney, its rapidly growing AI-powered esports platform focused on small gaming communities — Game.tv has raised $25 million in funding to build out Tourney, its AI-powered esports tournament platform for mobile games.
Lauren Thomas / CNBC:
Bonobos founder Andy Dunn to leave Walmart in early 2020, two years after selling his menswear brand to Walmart for $310M — KEY POINTS — The founder of Bonobos, Andy Dunn, is leaving Walmart, roughly two years after the company acquired the money-losing online apparel retailer …
Mark Gurman / Bloomberg:
Sources: Apple buys Spectral Edge, a UK startup whose tech improves the colors in photos by taking infrared shots and blending it with standard photos — - Spectral Edge technology improves colors in smartphone photos — Photograph is a key differentiator in the smartphone market
A recent spate of Ring camera hacks were part of a podcast livestreamed to Discord called “Nulledcast” in which Ring owners were hacked and harassed live on air — A blaring siren suddenly rips through the Ring camera, startling the Florida family inside their own home.
Report: Samsung to increase investment in its chip factory in China by $8B to boost production of NAND flash memory chips — SHANGHAI (Reuters) - Samsung Electronics will increase investment at its chip factory in China by $8 billion to boost production of NAND flash memory chips, Chinese media reported on Tuesday.
Alex Konrad / Forbes:
Profile of Canva, a graphic design app that CEO Melanie Perkins helped build from a yearbook-design business out of Perth into a profitable $3.2B Adobe rival — On a steamy May morning in 2013, Canva CEO Melanie Perkins found herself adrift on a kiteboard in the channel between billionaire …