GoTrendier raises $3.5 million to take on Spanish-language fashion marketplaces

Thanks to environmentally conscious young buyers, throwaway culture is dying not only in the U.S., but also in Latin America — and startups are poised to jump in with services to help people recycle used clothing. GoTrendier, a peer-to-peer fashion marketplace operative in Mexico and Colombia, has raised $3.5 million USD to do just that. … Read moreGoTrendier raises $3.5 million to take on Spanish-language fashion marketplaces

Alibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili

Ecommerce giant Alibaba is continuing its push into the world of youth culture after it scooped up an 8 percent stake in anime streaming and game publishing company Bilibili. According to a securities filing on Thursday, Alibaba’s Taobao marketplace has acquired about 24 million shares in Bilibili, the Shanghai-based firm that has captured 93 million monthly users … Read moreAlibaba takes an 8% stake in Tencent-backed anime streaming site Bilibili

Alibaba’s Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M

Ant Financial, the financial services behemoth affiliated with Chinese e-commerce giant Alibaba, has made its first big move into Europe. It’s acquired London-headquartered payments company WorldFirst in a deal that sources tell us is valued at around $700 million. (That price would also line up with multiple reports from December claiming the two were in … Read moreAlibaba’s Ant Financial buys UK currency exchange giant WorldFirst reportedly for around $700M

Europe agrees platform rules to tackle unfair business practices

The European Union’s political institutions have reached agreement over new rules designed to boost transparency around online platform businesses and curb unfair practices to support traders and other businesses that rely on digital intermediaries for discovery and sales. The European Commission proposed a regulation for fairness and transparency in online platform trading last April. And late yesterday … Read moreEurope agrees platform rules to tackle unfair business practices

China’s Alipay digital wallet is entering 7,000 Walgreens stores

China’s payments heavyweights have been following tourists abroad as their home market gets crowded. Ant Financial, Alibaba’s financial affiliate with a said valuation of $150 billion, now sees its virtual wallet Alipay handling transactions at 3,000 Walgreens stores in the U.S. and is eyeing to reach a roster of 7,000 locations by April. The alliance will … Read moreChina’s Alipay digital wallet is entering 7,000 Walgreens stores

BeliMobilGue raises $10M for its used-car sales platform in Indonesia

BeliMobilGue, a used car sales platform in Indonesia, has fueled up with a $10 million Series round for the race to dominate the automotive market in Southeast Asia’s largest economy. The company was started in 2017 as a joint venture between Europe’s Frontier Car Group (FCG) and Intudo Ventures, a VC firm focused on Indonesia. BeliMobilGue said … Read moreBeliMobilGue raises $10M for its used-car sales platform in Indonesia

Apple tells app developers to disclose or remove screen recording code

Apple is telling app developers to remove or properly disclose their use of analytics code that allows them to record how a user interacts with their iPhone apps — or face removal from the app store, TechCrunch can confirm. In an email, an Apple spokesperson said: “Protecting user privacy is paramount in the Apple ecosystem. Our … Read moreApple tells app developers to disclose or remove screen recording code

Chinese e-commerce challenger Pinduoduo is raising over $1 billion more

The price of competing with e-commerce giants Alibaba and JD.com is immense. That’s evidenced by challenger Pinduoduo, commonly known as PDD, which is raising more than $1 billion in fresh capital just six months after it went public. The company announced plans to sell 37 million shares in a move that will raise over $1 billion, going … Read moreChinese e-commerce challenger Pinduoduo is raising over $1 billion more

Warung Pintar raises $27.5M to digitize Indonesia’s street vendors

The digital revolution in Indonesia, Southeast Asia’s largest economy, continues to attract big money from investors. Hot on the heels of a $50 million round for Bukalapak, a billion-dollar company helping street stall traders to tap the internet, so Warung Pintar, another startup helping digitize the country’s vendors, has pulled in $27.5 million for growth. Bukalapak … Read moreWarung Pintar raises $27.5M to digitize Indonesia’s street vendors

Millions of Android users tricked into downloading 85 adware apps from Google Play

Another day, another batch of bad apps in Google Play. Researchers at security firm Trend Micro have discovered dozens of apps, including popular utilities and games, to serve a ton of deceptively displayed ads — including full-screen ads, hidden ads and ads running in the background to squeeze as much money out of unsuspecting Android … Read moreMillions of Android users tricked into downloading 85 adware apps from Google Play