Nigeria’s Black Friday sales test the e-commerce models of startups Jumia and Konga

jumia-gen-i Africa’s two leading e-commerce startups, Jumia and Konga, topped their 2015 Black Friday merchandise sales in Nigeria—even as the country weathers currency volatility and recession. The shopping spree of the continent’s most populous nation has become a de facto test event for each venture’s business model. Collectively backed by over $400 million in VC funding, both… Read More

AWS shoots for total cloud domination

screen-shot-2016-11-30-at-11-02-45-am AWS held its annual re:Invent customer conference this week — and as it revealed one new service after another, one thing became clear: the company with a marketshare lead that is by Gartner’s estimate 10 times bigger than its 14 closest competitors combined, has no plans to slow down or rest on its laurels. If that market lead isn’t enough to shake up the competition… Read More

NFL games come to CBS’s streaming service, starting this Sunday

cbs all access CBS this week announced a significant deal with the NFL that could bring more subscribers to its over-the-top streaming service aimed at cord cutters, CBS All Access. Starting this Sunday, viewers will be able to watch all NFL games on CBS via the service, including regular, preseason, and postseason games. CBS All Access, in case you’re unfamiliar, is the network’s attempt at… Read More

Didi’s CTO explains why China’s ride-sharing giant has a data advantage

didi-3 China’s Didi Chuxing made headlines this year when it announced along with Uber that it would be taking over Uber’s business in its own country. Uber’s sale of its Chinese business included taking a 5.89 percent stake in Didi, and as Didi disentangles Uber China from the rest of the Uber network this week, we spoke to Didi co-founder and CTO Bob Zhang about what the company… Read More

TechCrunch Disrupt London Hackathon is tomorrow, get your tickets and meet our MCs

Disrupt SF Hackathon - 06 The Hackathon begins tomorrow and we are thrilled to announce that Claire Donoghue and Marily Nika will be joining us as MCs. Here’s a little bit more about the dynamic duo who will be running our Hackathon. Marily Nika received a PhD from the Dpt. of Computing Science at Imperial College London, where she created a model for predicting internet-based phenomena, such as as virality. Read More

Home Furnishings Website Closes RMB100 Million Funding Round

Yuezw.com, an online home decoration and furnishing start-up in China, is eyeing this growing market and has just closed a RMB100 million series A funding round led by China Merchants Venture Capital Management Co., Ltd., the venture unit of China Merchants Group. Founded in August 2015, Yuezw.com is an online portal that connects home decoration and furniture suppliers with end users.

Facebook quietly tests warnings on fake news

fb-arbiter-of-truth Facebook is showing red warning labels above fake news links in the News Feed for some users in what appears to be a limited test. TechCrunch attained the screenshot below of the warning from a source. The warning reads “This website is not a reliable news source. Reason: Classification Pending” In some cases, ‘State-Sponsored News’ appears as a reason. The warnings are… Read More