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Walmart completes its 16 billion acquisition of Flipkart

Walmart announced over the weekend that it has completed a $16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed back in May and now it has closed after receiving the necessary approvals. It sees Walmart take a 77 percent share in the company, […]

Read more: https://techcrunch.com/2018/08/20/walmart-flipkart-deal-done/

One extra week to apply to Startup Battlefield at Disrupt Berlin 2018

Begnadigung. That’s German for reprieve… well, close enough for us. And that’s what we’re giving all the lollygaggers, procrastinators and last-minute decision-makers. We extended the deadline to apply for Startup Battlefield at Disrupt Berlin 2018 on November 29-30. Yup, you now have until August 27 at 9 p.m. PST to submit your application. But why wait any […]

Read more: https://techcrunch.com/2018/08/20/one-extra-week-to-apply-to-startup-battlefield-at-disrupt-berlin-2018/

Metal 3D printing startup Velo3D launches its first product

For three years, Velo3D has operating in stealth mode. The bay area based startup has largely managed to fly on the radar, in spite of raising an impressive $90 million since launching in June 2015. Today, however, the 120 person company is finally ready to discuss what it’s been working on, just as it announces […]

Read more: https://techcrunch.com/2018/08/20/after-raising-90-million-metal-3d-printing-startup-velo3d-launches-first-product/

SoftBank’s Vision Fund to help Chinese online insurance giant ZhongAn go international

SoftBank’s Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company — which has struggled for stability following a monster IPO last year — into international markets. The Vision Fund announced today it has made an undisclosed investment in ZhongAn International, the global arm of the five-year-old company created by $200 […]

Read more: https://techcrunch.com/2018/08/20/softbank-vision-fund-zhongan/

Tencent-backed news aggregation app Qutoutiao files for US public offering

Qutoutiao, a news aggregator app backed by Tencent, has filed for an initial public offering of up to $300 million in the United States. In its F-1 form, the company, whose name means “fun headlines,” said it is the number two mobile content aggregator in China. Its main rivals are Jinri Toutiao, China’s top news […]

Read more: https://techcrunch.com/2018/08/19/tencent-backed-news-aggregation-app-qutoutiao-files-for-u-s-public-offering/

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