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Plant-based food startup Next Gen lands $10M seed round from investors including Temasek – TechCrunch

Plant-based food startup Next Gen lands $10M seed round from investors including Temasek – TechCrunch

Singapore is , partly because of government initiatives supporting the development of meat alternatives. One of the newest entrants is , which will launch its plant-based “chicken” brand, called , in Singaporean restaurants next month. The company announced today that it has raised $10 million in seed funding from investors including Temasek, K3 Ventures, EDB New Ventures (an investment arm of the Singapore Economic Development Board), NX-Food, FEBE Ventures and Blue Horizon.Next Gen claims this is the largest seed round ever raised by a plant-based food tech company, based on data from...

Feb 25
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Snapchat locks President Donald Trump’s account – TechCrunch

Snapchat locks President Donald Trump’s account – TechCrunch

Snapchat locked President Donald Trump’s account after . A Snap spokesperson confirmed to TechCrunch that the action was taken on Wednesday and added that the company will monitor the situation closely before re-evaluating its decision.This is not the first time has taken action against Trump’s account over concerns about dangerous rhetoric from the president. In June, it announced content from Trump’s Snapchat would no longer be promoted in its Discover tab, and would only be visible to users if they subscribe to or search for it.In a published shortly before Snap announced its decision,...

Jan 7
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Samsung vice chairman Jay Y. Lee faces nine-year sentence in bribery case – TechCrunch

Samsung vice chairman Jay Y. Lee faces nine-year sentence in bribery case – TechCrunch

Samsung Electronics vice chairman Jay Y. Lee faces a nine-year prison term in the bribery case that contributed to the downfall of former president Park Guen-hye. Prosecutors argued that the length of the sentence is warranted because of Samsung’s power as the largest chaebol, or family-owned conglomerate, in South Korea.“Samsung is a group with such overwhelming power that it is said Korean companies are divided into Samsung and non-Samsung,” they said during a final hearing on Wednesday, the Korea Herald. The final ruling is scheduled for January 18.The bribery case is separate from...

Dec 31
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Reddit acquires Dubsmash – TechCrunch

Reddit acquires Dubsmash – TechCrunch

that it has acquired short video platform . The deal’s terms were undisclosed. will retain its own platform and brand, and Reddit will integrate its video creation tools. Its co-founders, Suchit Dash, Jonas Drüppel and Tim Specht, will join Reddit.According to , the app has raised $20.2 million from investors including Lowercase Capital, Index Ventures, Eniac Ventures, Heartcore Capital and Sunstone Life.Dubsmash is now one of TikTok’s biggest rivals, but struggled for several years after a brief stint of popularity in 2015 during its first incarnation as a lip-sync video app. In 2017 it...

Dec 14
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New venture firm The-Wolfpack takes a fresh approach to D2C startups – TechCrunch

New venture firm The-Wolfpack takes a fresh approach to D2C startups – TechCrunch

The-Wolfpack’s co-founders, Toh Jin Wei, Tan Kok Chin and Simon Nichols (Image Credit: The-Wolfpack)The COVID-19 pandemic has hit the consumer, leisure and media companies hard, but a new venture firm called is still very upbeat on those sectors. Based in Singapore, the firm was founded by former managing directors at GroupM, one of the world’s largest advertising and media companies, and plans to work very closely with each of its portfolio companies. Its name was chosen because they believe “entrepreneurs thrive best in a wolfpack.”The-Wolfpack’s debut fund, called the Wolfpack Pioneer...

Nov 25
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Justice Department says WeChat users won’t be penalized under Trump’s executive order – TechCrunch

Justice Department says WeChat users won’t be penalized under Trump’s executive order – TechCrunch

In a Wednesday filing in federal court, the United States government said that users who use or download “to convey personal or business information” will not be subject to penalties under President Donald Trump’s executive order banning transactions with the Tencent-owned messaging app.Trump issued the executive order against WeChat on August 6, the same day he issued a similar one banning transactions with ByteDance, the parent company of TikTok, claiming national security concerns. Both orders caused confusion because they are set to go into effect 45 days after being issued, but said...

September 17, 2020
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