Tesla’s 2014 acquisition of SolarCity turned the electric vehicle manufacturer into the undisputed largest player in residential solar, but that lead has steadily eroded as its major competitor, Sunrun, surged ahead with more aggressive plans. Now with the $3.2 billion dollar acquisition of the residential solar installation company, Vivint Solar, Sunrun looks to solidify its
0 Comments
Samsung’s next big Unpacked event is scheduled for August 5. As is the trend these days, the unveiling will be online-only, following in the footsteps of big virtual events from the likes of. Microsoft and Apple. It’s Samsung’s first crack at the format. The company just made it under the pre-COVID-19 shutdown wire back in
0 Comments
Business is the foundation, of, well, business. For startups, finding a working business model and honing it through decision-making, smart hires, and relentless focus on the right metrics can be the difference between building a scalable company and collapsing into the next Luckin Coffee. Given how important business performance and finance is, it’s not uncommon
0 Comments
Meet Koyeb, a new French startup founded by Yann Léger, Édouard Bonlieu and Bastien Chatelard who have previously worked at Scaleway for many years. Koyeb is a serverless startup that helps you manipulate data in different ways without worrying about your server infrastructure. Competition has become incredibly fierce between cloud service providers, and Koyeb wants
0 Comments
Despite record-setting COVID-19 infections, American equities rose today. All major indices gained ground during regular trading, while tech stocks did even better. The Nasdaq Composite set new 52-week and all-time highs, touching 10,462.0 points before closing at 10,433.65, up 2.21% on the day. Similarly, a basket of SaaS and cloud companies that has risen and
0 Comments
Uber has reportedly agreed to buy Postmates in an all-stock deal worth $2.65 billion. According to Bloomberg, the deal may be announced on Monday morning. Like other travel- and transportation-related businesses, Uber’s ride-hailing segment has been negatively impacted by the COVID-19 pandemic, due to shelter-in-place orders throughout the United States. On-demand delivery, however, has grown,
0 Comments
For two months, the people of Hong Kong waited in suspense after China’s legislature approved a new national security law. The legislation’s details were finally made public yesterday and almost immediately went into effect. As many Hong Kong residents feared, the broadly written new law gives Beijing extensive authority over the Special Administrative Region and
0 Comments
Earlier this week, GGV Capital’s Jeff Richards and Hans Tung joined TechCrunch for an Extra Crunch Live session. During our hour-long chat, we touched on startup profitability, the global venture capital scene, why GGV doesn’t have an office in Europe, how the venture industry is responding to its stark lack of diversity and other issues.
0 Comments