Meet Dongtu, the Giphy of China

Meet Dongtu, the Giphy of China

With its own universe of homegrown social networks, e-commerce platforms and search engines, the Chinese internet is a world apart from its counterpart in the U.S. But in some areas, the two countries are surprisingly similar. That’s particularly true of people’s love for GIFs . Some feelings are better expressed in Read more…

MediaLab acquires messaging app Kik, expanding its app portfolio

MediaLab acquires messaging app Kik, expanding its app portfolio

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the Read more…

Messaging app Kik shuts down as company focuses on Kin, its cryptocurrency

Messaging app Kik shuts down as company focuses on Kin, its cryptocurrency

Kik Interactive CEO Ted Livingston announced today that the company is shutting down Kik Messenger to focus on its cryptocurrency Kin, the target of a lawsuit filed by the Securities and Exchange Commission. The company’s team will be reduced to 19 people, a reduction that will affect over 100 employees, Read more…

Shape Security hits $1B valuation with $51M Series F

Shape Security hits $1B valuation with $51M Series F

Anti-fraud startup Shape Security has tipped over the $1 billion valuation mark following its latest Series F round of $51 million. The Mountain View, Calif.-based company announced the fundraise Thursday, bringing the total amount of outside investment to $173 million since the company debuted in 2011. C5 Capital led the Read more…

In a 130-page court filing, Kik claims the SEC’s lawsuit “twists” the facts about its online token

In a 130-page court filing, Kik claims the SEC’s lawsuit “twists” the facts about its online token

CEO Ted Livingston of Kik Kik Interactive has hit back at the Securities and Exchange Commission lawsuit that claims a $100 million token sale was illegal. The company, which owns Kik Messenger, filed a 130-page response today in U.S. District Court for the Southern District of New York, alleging that Read more…