Today in News: Apple introduces the AI phone, Another Facebook Blunder and more

Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion

BEAMSTART 8 Jun, 2018

Today in News: Apple introduces the AI phone, Another Facebook Blunder and more

💡 Today in News are bite-sized updates by the BEAM team on the happenings in the business, finance, and technology space around the world (as well as in China). Download the 📲BEAM App to get curated news like these from over 100 sources.

🌎 Around the World
  • Apple's Plans to Bring Artificial Intelligence to Your Phone
  • Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion
  • Facebook's latest blunder made private posts public for 14M users
  • M17 delays IPO debut after pricing this morning on NYSE
  • Crypto-finance startup Unchained Capital raises nearly $3M in seed funding
  • Invesco buys advisory tech firm Intelliflo
  • Gett, on demand ride service, has raised $80M in a new financing round led by Volkswagen
  • Listo Financial, consumer financial services startup, has raised $8.5M in a Series A round.
  • Google reveals their principles for AI (


🇨🇳 China
  • J.J. Abrams and Tencent combine to form Bad Robot Games
  • extends its Series B with an additional $30M (led by SIG China) to add live video to apps
  • Shenzhen plans to prohibit new registrations of non-all-electric vehicles on online ride hailing platforms.
  • Evernote has completed its first funding round as an independent entity with a RMB 9-digit investment from Sequoia Broadband Cross-border Data Industry Fund.
  • Tencent forms Tencent Financial Academy in Hong Kong and Guangdong-HK-Macau Fintech Lab.
  • Walmart and Tencent will cooperate in digital retail sale sector.
  • Douyu plans to raise more than $700M from IPO in Hong Kong.
  • Ritual, food ordering app, closes $70M USD in C round led by Georgian Partners.
  • Altaba looks to buy back 24% of shares in exchange for Alibaba Stock .
  • Used-car auction site Chezibao completes RMB $800M in Series D funding led by Green Harbor Investment; will form alliance with Alibaba’s used car business to expand into at least 200 cities
  • Danke Gongyu (Eggshell Apartment), apartment rental platform, wins USD $70M in Series B+ funding led by Tiger Global Management
  • Renma Interactive Technology (operator of semantic interaction solutions brand Qiwu (smart games, virtual idols, smart life services, etc.)) completes RMB 50M in Series A led by Beiyue Industry
  • Evernote China split from Evernote International version, which will become a Sino-US joint venture operating entity controlled by the China side.
  • Tipping WeChat content creators returns to iOS and Android after agreement is reached.

✈ Cross-border

  • Facebook announces that it has ended data-sharing partnership with Huawei and three other Chinese companies (about 30 of its partnerships in total)
  • Uber’s Jump bike service plans to open in Europe
  • EU may announce USD $11B fine decision against Google over abusing Android dominance next month

⛓ Blockchain

  • Cryptocurrency exchange Coinbase buys Keystone Capital.
  • Scotland has just launched, a new cryptocurrency-only online casino

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