China Roundup: TikTok stumbles in the US and Huawei shipments continue to surge

China Roundup: TikTok stumbles in the US and Huawei shipments continue to surge

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. It’s been a very busy last week of October for China’s tech bosses, but first, let’s take a look at Read more…

Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser, Olist

Latin America Roundup: Uber acquires Cornershop, Softbank invests in Buser, Olist

Sophia Wood is a principal at Magma Partners, a Latin America-focused seed-stage VC firm with offices in Latin America, Asia and the U.S. Sophia is also the co-founder of LatAm List, an English-language Latin American tech news source. Brazil continued to churn out unicorns this month, with Curitiba-based Ebanx becoming Read more…

Growth is out, profitability is in

Growth is out, profitability is in

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate and Alex held the reins as a duo (check out our chat with Greylock’s Sarah Guo from last week here) to dig into an enormous raft of news. And don’t Read more…

We Company adds a director, ditches its $5.9 million naming deal with its CEO, remains a governance nightmare

WeWork confirms an up to $8 billion lifeline from SoftBank Group; names new executive chairman

Confirming earlier reports, The We Company and SoftBank Group agreed to a new capital infusion which will see SoftBank committing $5 billion in new financing and issuing a tender offer for another $3 billion in buybacks for shareholders. The company also said it would accelerate an existing commitment to put Read more…

Report: SoftBank is taking control of WeWork at an ~$8B valuation

Report: SoftBank is taking control of WeWork at an ~$8B valuation

WeWork, once valued at $47 billion, will be worth as little as $7.5 billion on paper as SoftBank takes control of the struggling co-working business, CNBC reports. SoftBank, a long-time WeWork investor, plans to invest between $4 billion and $5 billion in exchange for new and existing shares, according to Read more…

All Raise expands to new geos, launches ‘VC Cohorts’

Startups Weekly: The unicorn from down under, an Uber TV show and All Raise’s expansion

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venture capital. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about Revel, a recent graduate of Y Combinator that’s raised a small Read more…

Airbnb’s WeWork problem

Airbnb’s WeWork problem

Airbnb may be another overvalued “unicorn,” but it’s no WeWork. The Information this morning reported new Airbnb financials — indicating a massive increase in operating losses — that immediately call Airbnb’s future into question. Precisely, Airbnb lost $306 million on operations on $839 million in revenue, namely as a result Read more…

WeWork accelerates IPO plans, plots September listing

WeWork pulls thousands of phone booths out of service over formaldehyde scare

WeWork, the co-working empire once valued at $47BN before reality struck plunging the business and its investors into crisis, has another problem to add to its growing pile — one which doesn’t exactly reflect well on its core business of kitting out and maintaining modern working environments. The problem is Read more…