Mary Ann Azevedo / TechCrunch:
Solutions by Text, which offers conversational messaging tools for businesses to let users pay bills and more via text, raised $110M, after raising $35M in 2021 — Solutions by Text, a company that gives people a way to pay their bills and apply for loans via text messaging, has secured $110 million in new growth funding.
Tencent-owned Supercell, the developer behind Clash of Clans, releases Squad Busters, its first title in over five years; Supercell had €1.7B in 2023 revenue (Richard Milne/Financial Times)
Richard Milne / Financial Times:
Tencent-owned Supercell, the developer behind Clash of Clans, releases Squad Busters, its first title in over five years; Supercell had €1.7B in 2023 revenue — Tencent-owned Supercell seeks to revive fortunes with mobile battle game ‘Squad Busters’ — Supercell — the developer behind …
BlackRock’s iShares Bitcoin Trust becomes the largest bitcoin fund, holding $19.68B to surpass Grayscale’s $19.65B and Fidelity’s $11.1B since its 2024 launch (Bloomberg)
Bloomberg:
BlackRock’s iShares Bitcoin Trust becomes the largest bitcoin fund, holding $19.68B to surpass Grayscale’s $19.65B and Fidelity’s $11.1B since its 2024 launch — – Asset manager’s product dethroned the Grayscale Bitcoin Trust — Recently launched US ETFs have made Bitcoin more accessible
How Meta open sourcing its Llama models helped make Mark Zuckerberg popular again in Silicon Valley, reversing developer skepticism; Llama 2 has 180M+ downloads (Mike Isaac/New York Times)
Mike Isaac / New York Times:
How Meta open sourcing its Llama models helped make Mark Zuckerberg popular again in Silicon Valley, reversing developer skepticism; Llama 2 has 180M+ downloads — After some trying years during which Mr. Zuckerberg could do little right, many developers and technologists have embraced …
Sensor Tower: Tencent’s Dungeon & Fighter Mobile generated $140M+ in player spending in its first week in China, and 2.6M iOS users downloaded the game in China (Zheping Huang/Bloomberg)
Zheping Huang / Bloomberg:
Sensor Tower: Tencent’s Dungeon & Fighter Mobile generated $140M+ in player spending in its first week in China, and 2.6M iOS users downloaded the game in China — – ‘DnF Mobile’ topped download and sales charts in China — Annual revenue could surpass $1 billion, Niko estimates
Didi reports Q1 revenue up 15% YoY to ~$6.8B and a ~$190M net loss, in part due to higher sales and marketing costs, as well as higher driver fees (Bloomberg)
Bloomberg:
Didi reports Q1 revenue up 15% YoY to ~$6.8B and a ~$190M net loss, in part due to higher sales and marketing costs, as well as higher driver fees — – Sales at Chinese ride-hailing firm jumped 15% on demand surge — Didi seeks to rebuild operations prior to next IPO push
Brazilian digital bank Nubank hits a $58.2B market cap, surpassing Itau, previously the most valuable financial institution in Latin America, at ~$56B (Bloomberg)
Bloomberg:
Brazilian digital bank Nubank hits a $58.2B market cap, surpassing Itau, previously the most valuable financial institution in Latin America, at ~$56B — – Digital lender worth $58.2 billion as earnings fuel rally — Nubank is one of ‘most attractive’ EM stocks, Vontobel says
EU Agency for Cybersecurity head Juhan Lepassaar says disruptive digital attacks, many tied to Russia-backed groups, have doubled in the EU in recent months (Derek Gatopoulos/Associated Press)
Derek Gatopoulos / Associated Press:
EU Agency for Cybersecurity head Juhan Lepassaar says disruptive digital attacks, many tied to Russia-backed groups, have doubled in the EU in recent months — Disruptive digital attacks, many of which have been traced to Russia-backed groups, have doubled in the European Union in recent months …
PwC plans to roll out ChatGPT Enterprise to its 75K US staff and 26K UK staff, becoming the largest customer and first reseller of OpenAI’s enterprise product (Belle Lin/Wall Street Journal)
Belle Lin / Wall Street Journal:
PwC plans to roll out ChatGPT Enterprise to its 75K US staff and 26K UK staff, becoming the largest customer and first reseller of OpenAI’s enterprise product — The Big Four accounting firm signs a new license and sales deal as the maker of ChatGPT ramps up its enterprise sales efforts
Analysis: food delivery apps Deliveroo, Just Eat Takeaway, Delivery Hero, and DoorDash have racked up $20.3B in combined operating losses since they went public (Financial Times)
Financial Times:
Analysis: food delivery apps Deliveroo, Just Eat Takeaway, Delivery Hero, and DoorDash have racked up $20.3B in combined operating losses since they went public — DoorDash, Deliveroo, Delivery Hero and Just Eat Takeaway put new focus on profits, despite slower growth following the pandemic
