As limited partners increasingly demand greater exposure to emerging market opportunities, venture capital firms with a focus on Asia are bulking up their funds and chasing deals in an increasingly competitive race to own stakes in the next generation of local startups with global aspirations. Over the last year, firms, including DCM Ventures, GGV Capital, Matrix
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Facebook’s role in the opioid crisis could become another scandal following yesterday’s release of harrowing new statistics from the Center for Disease Control. It estimated there were nearly 30,000 synthetic opioid overdose deaths in the U.S. in 2017, up from roughly 20,000 the year before. When recreational drugs like Xanax and OxyContin are adulterated with
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Analytics company Crimson Hexagon says Facebook has reinstated its data access to Facebook and Instagram. That access was suspended last month, with Facebook saying it was investigating whether the company had violated any of its data use policies. (The social network, of course, has been dealing with the fallout from a separate controversy over user
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Messaging company Line is continuing to burrow deep into the crypto space after it announced the launch of a $10 million investment fund. The fund will be operated by Line’s Korea-based blockchain subsidiary Unblock Corporation, which is tasked with research, education and other blockchain-related services. The fund will be called Unblock Ventures and it’ll initially have
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As renewable energy use surges in the U.S. and the effects of global climate change become more visible, companies like Arcadia Power are pitching a nationwide service to make renewable energy available to residential customers. While states like New York, California and regions across the upper Midwest have access to renewable energy through their utilities
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Shelf Engine’s team While running Molly’s, the Seattle-based ready meal wholesaler he founded, Stefan Kalb was upset about its 28 percent food wastage rate. Feeling that the amount was “astronomical,” he began researching how to lower it — and was shocked to discovered Molly’s was actually outperforming the industry average. Confronted by the sheer amount
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Daniel Zimmermann Contributor Daniel Zimmermann navigates emerging companies and tech startups through complex corporate transactions, financings and venture technology matters. More posts by this contributor Some tweaks to build employee loyalty The VC landscape has been shifting radically in the past few years as Asian investors pump cash into startups. Last year, Asian VCs invested
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