News discovery app SmartNews nabs another $38M, now valued at $500M-$600M

smartnews As large platforms like Facebook and Apple position themselves as the new go-to places to read news, an independent app that started in Japan has landed a new round of funding to raise its own game. SmartNews — a news aggregation app that works with some 1,500 publications and selects stories for you based on your reading activity in the app — has raised another $38 million in… Read More

VCs are betting on the great Chinese fitness boom

This photo taken on June 19, 2016 shows Chinese enthusiasts practicing yoga at Futian sports park in Shenzhen, south China's Guangdong province.  
June 21 marks the International Yoga Day.  (Photo: STR/AFP/Getty Images) As the Chinese economy has boomed in the last decade, millions of people have entered the middle class. And the Chinese aren’t just getting wealthier, they’re getting fitter. China, it seems, is in the midst of a workout craze — and that represents a once-in-a-lifetime opportunity for venture investors to back emerging health and wellness technology companies. Read More