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Monthly Archives: January 2024
Business travel management platform TravelPerk raises $105M
TravelPerk, a business travel management platform targeted at SMEs, has raised $105 million in a fresh equity-based round of financing led by SoftBank’s Vision Fund 2. Existing investors including Kinnevik and Felix Capital also participated in the round. The funding … Continue reading
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Apple will pay artists more to have a spatial audio version on Apple Music
Apple will pay additional royalties starting this month to artists if they have a spatial audio version on Apple Music, according to multiple reports. The company will pay up to 10% additional royalty if an artist has all their songs … Continue reading
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China quietly pulls draft gaming rules from website
Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the market value of local titans. The link to the draft rules … Continue reading
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Tencent’s Riot Games cuts 11% of global workforce
Riot Games is the latest to cut jobs in the gaming industry after Amazon, ByteDance and Epic Games.
AC Ventures closes its new $210M Indonesia-focused fund
In the middle of a long funding winter, AC Ventures’ latest news will give Southeast Asian startups hope. The Jakarta, Indonesia–based venture firm announced today it has raised $210 million, finishing the final close on its fifth fund, called ACV … Continue reading
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Tencent’s Riot Games division cuts 11% of staff to ‘create focus’
Riot said it’s cutting headcount for Legends of Runeterra and giving up on an initiative to publish games from indie developers.
Gross Profit vs. Net Profit: What Is the Difference?
A business’s health is measured differently depending on which costs are considered. Gross profit paints a different picture than net profit.
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SolarWinds hackers attack Microsoft in apparent recon mission
Microsoft has confirmed it was the subject of a hacking attack by Midnight Blizzard in what is said to have been a targeted recon mission. The hackers, also known as ATP29, Cozy Bear, and Nobelium, are considered to be state-sponsored … Continue reading
Alphabet’s X lab revamps structure, embraces external funding amid layoffs
Alphabet’s X, a division of the company known for its groundbreaking technology projects, is undergoing significant changes, including staff layoffs and a shift toward external funding. According to a Bloomberg report, the lab, which has been at the forefront of … Continue reading
WhatsApp building file transfer like Apple’s AirDrop
WhatsApp is working on a new sharing feature that works similarly to Apple’s AirDrop, allowing users to exchange files with others nearby. A report from WhatsApp news site, WABetaInfo, revealed the latest beta version of the popular messenger app, owned … Continue reading