Month: July 2017

Chinese smartphone maker Xiaomi has secured a $1 billion loan in order to develop its international focus and build out its offline sales presence. The company revealed today that it has secured a three-year syndicated loan agreement from 18 banks across Europe, Middle East, India, China, Hong Kong and Taiwan. Deutsche Bank and Morgan Stanley served as joint
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Social VR app AltspaceVR is shutting down its main service after running out of cash, saying it “can’t afford to keep the virtual lights on anymore.” The app was one of the first VR social experiences to gain traction and was available across a variety of platforms. In a blog post titled “A Very Sad
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At TechCrunch’s event in Shenzhen last month, we had a chance to test out the WT2, a clever and ambitious device from startup TimeKettle. It’s a pair of wireless earpieces; each person in a multilingual conversation wears one, and they translate what’s said into the language spoken by each participant. Essentially it’s a Babel fish,
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Technology isn’t necessarily the best solution for forging new real life connections, whatever the collective marketing spiel of the web’s social giants likes to claim. An especially tricky type of human connection for an app to ‘fix’ is making new friends, as friendships are often forged in the fire of random real life experience. And
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