bbc
gadgets to use
geeky gadgets
gizmodo
jalopnik
jezebel
kotaku
lifehacker
ny times
pocket lint
readwrite
tech republic
tech world
techcrunch
technology
the inventory
the next web
venture beat
wired
count
sauces
help
I'm confused... What am I doing here?

Choose which sources you wish to remain and you're all set. Use the buttons to turn sources on and off.

What do the different colours mean?

Depending on if any articles/links are visible on the page there are 4 modes to show the state of your chosen sources.

on / visible on page

off / visible on page

on / not visible on page

off / not visible on page

Amazon’s Whole Foods now offers one-hour pickup to Prime members at all locations - techcrunch

Amazon’s Whole Foods now offers one-hour pickup to Prime members at all locations

Amazon is now offering Prime members one-hour grocery pickup at all Whole Foods Market locations across the U.S., the company announced this morning. Prime members can use the Amazon app or website to place orders from the Whole Foods Market tab to shop, then select their one-hour pickup window at checkout on orders of $35 […]
techcrunch - 28 minutes ago
Landing AI launches new visual inspection platform for manufacturers - techcrunch

Landing AI launches new visual inspection platform for manufacturers

As companies manufacturer goods, human inspectors review them for defects. Think of a scratch on smartphone glass or a weakness in raw steel that could have an impact downstream when it gets turned into something else. Landing AI, the company started by former Google and Baidu AI guru Andrew Ng, wants to use AI technology […]
techcrunch - 41 minutes ago
How Yext reinvented itself on its way to going public - techcrunch

How Yext reinvented itself on its way to going public

Last week, Yext CEO Howard Lerman dropped by Extra Crunch Live for a chat about his former startup, pivoting and becoming the CEO of a public company. Yext, which focuses on business information and enterprise search products, went public in 2017, making it one of the first companies to demo at a TechCrunch event and […]
techcrunch - 1 hour ago
TikTok details how it’s taking further action against hateful ideologies - techcrunch

TikTok details how it’s taking further action against hateful ideologies

TikTok said on Wednesday it’s strengthening its enforcement actions against hate speech and hateful ideologies to include “neighboring ideologies,” like white nationalism and others, as well as statements that emerge from those ideologies. In a blog post, TikTok explained that it regularly evaluates its enforcement processes with the help of global experts to determine when […]
techcrunch - 1 hour ago
SoftBank’s $100 million diversity and inclusion fund makes its first bet … in health Vitable Health - techcrunch

SoftBank’s $100 million diversity and inclusion fund makes its first bet … in health Vitable Health

SoftBank’s Opportunity Growth Fund has made the health insurance startup Vitable Health the first commitment from its $100 million fund dedicated to investing in startups founded by entrepreneurs of color. The Philadelphia-based company, which recently launched from Y Combinator, is focused on bringing basic health insurance to underserved and low-income communities. Founded by Joseph Kitonga, […]
techcrunch - 1 hour ago
GamesBeat and Facebook partner on the next big gaming event - venture beat

GamesBeat and Facebook partner on the next big gaming event

From major ad ecosystem changes to the imminent arrival of the metaverse, the gaming world is flush with change that industry folk need to pay attention to. That's why GamesBeat, VentureBeat’s dedicated gaming channel, is excited to partner with Facebook Gaming and Facebook Audience Network to bring an important new gaming industry event to life.
venture beat - 1 hour ago
AOC’s Among Us stream topped 435,000 concurrent viewers - techcrunch

AOC’s Among Us stream topped 435,000 concurrent viewers

Last night, Rep. Alexandria Ocasio-Cortez went live on Twitch to stream Among Us with a handful of superstar streamers. The purpose of the stream, which drew a massive crowd, was to get out the vote as we head into the general election. At its peak, the stream drew a concurrent viewership of 435,000+ people, and […]
techcrunch - 1 hour ago
Anyscale adds $40M to bring its Ray-based distributed computing tech to the enterprise masses - techcrunch

Anyscale adds $40M to bring its Ray-based distributed computing tech to the enterprise masses

The world of distributed computing took on a new profile this year when Folding@home, a 20-year-old distributed computing project, found itself picking up thousands of new volunteers to help Covid-19 researchers generate more computing power to fold proteins and run other calculations needed for screening potential drug compounds to fight the novel coronavirus. Today, a […]
techcrunch - 2 hours ago
PayPal to let you buy and sell cryptocurrencies in the US - techcrunch

PayPal to let you buy and sell cryptocurrencies in the US

PayPal has partnered with cryptocurrency company Paxos to launch a new service. PayPal users in the U.S. will soon be able to buy, hold and sell cryptocurrencies. More countries are coming soon. PayPal plans to support Bitcoin, Ethereum, Bitcoin Cash and Litecoin at first. You’ll be able to connect to your PayPal account to buy […]
techcrunch - 2 hours ago
Ford outs 4th-gen self-driving platform with better sensors, cleaning tech, and improved batteries - techcrunch

Ford outs 4th-gen self-driving platform with better sensors, cleaning tech, and improved batteries

Ford and Argo AI today released details about its fourth-generation self-driving test vehicle. Built on the 2020 Ford Escape Hybrid, the vehicle has everything needed to standup a self-driving service, the Detroit automaker said. It’s equipped with an improved battery system, new sensors, and sensor cleaning technology. The previous three generations of test vehicles used […]
techcrunch - 2 hours ago
Adobe’s Project Sharp Shots uses AI to deblur your videos with one click - techcrunch

Adobe’s Project Sharp Shots uses AI to deblur your videos with one click

Every year at its MAX user conference, Adobe shows off a number of research projects that may or may not end up in its Creative Cloud apps over time. One new project that I hope we’ll soon see in its video apps is Project Sharp Shots, which will make its debut later today during the […]
techcrunch - 2 hours ago
Syte, an e-commerce visual search platform, gets $30 million Series C to expand in the U.S. and Asia - techcrunch

Syte, an e-commerce visual search platform, gets $30 million Series C to expand in the U.S. and Asia

Tel Aviv-based visual search and product discovery platform Syte, already used by brands like Farfetch and Fashion Nova, plans to expand in the United States and Asia-Pacific region after its latest funding. The startup announced today it has raised a $30 million Series C, with an additional $10 million in debt. The round was led […]
techcrunch - 2 hours ago
June’s third-gen smart oven goes up for pre-order, starting at $599 - techcrunch

June’s third-gen smart oven goes up for pre-order, starting at $599

2020 is June’s time to shine. With an increasing number of people stuck and home, trying (and often failing) to fend for themselves in their kitchen, the smart oven startup has a solid opportunity to considerably expand its users base. “The rise in at-home cooking has caused us to reevaluate June’s cook-programs to achieve more […]
techcrunch - 2 hours ago
Road trippers can rejoice as RVShare raises over $100 million to grow its RV rental business - techcrunch

Road trippers can rejoice as RVShare raises over $100 million to grow its RV rental business

As continentally confined Americans look for domestic vacation options that won’t expose them to too much risk of infection from the pandemic that’s still raging across the country, the RV rental company RVshare has raised over $100 million to capitalize on its historic opportunity. The company’s new cash has come from the private equity firms […]
techcrunch - 3 hours ago
Study finds most big open-source startups outside Bay Area, many European, and avoiding VC - techcrunch

Study finds most big open-source startups outside Bay Area, many European, and avoiding VC

Over 90% of the fastest-growing open-source companies in 2020 were founded outside the San Francisco Bay Area, and 12 out of the top 20 originate in Europe, according to a new study. The “ROSS Index”, created by Runa Capital lists the fastest-growing open-source startups with public repositories on Github every quarter. Interestingly, the company judged […]
techcrunch - 4 hours ago
Watch the trailer for ‘First Person,’ a climate-focused series shot on Snapchat Spectacles - techcrunch

Watch the trailer for ‘First Person,’ a climate-focused series shot on Snapchat Spectacles

Snapchat is about to launch “First Person,” the first of its original series to be shot on Snapchat Spectacles. The idea of filming a documentary using AR-centric eyewear might sound gimmicky, but “First Person” is tackling a weighty topic: climate change. The series is produced by journalist Yusuf Omar (who said he’s been wearing Spectacles […]
techcrunch - 8 hours ago
Political strategist turned tech investor Bradley Tusk on SPACs as a tool for VCs - techcrunch

Political strategist turned tech investor Bradley Tusk on SPACs as a tool for VCs

Bradley Tusk has become known in recent years for being involved in what’s about to get hot, from his early days advising Uber, to writing one of the first checks to the insurance startup Lemonade, to pushing forward the idea that we should be using the smart devices in our pockets to vote. Indeed, because […]
techcrunch - 14 hours ago
Watch GM unveil the $80,000 GMC Hummer EV right here - techcrunch

Watch GM unveil the $80,000 GMC Hummer EV right here

GM just took the wraps off the Hummer EV and it looks great. The vehicle is coming to dealers in 2022, with pre-orders starting in 2021. You can watch the unveiling here. The vehicle is detailed here. With 1,000 HP, 350 mile range, and autonomous drive modes, it’s an impressive vehicle though still significantly more […]
techcrunch - 14 hours ago
AOC aims to get out the vote by streaming Among Us with pokimane and HasanAbi - techcrunch

AOC aims to get out the vote by streaming Among Us with pokimane and HasanAbi

We are about seven months into a pandemic and just two weeks from a presidential election. At this point, surprises are a dime a dozen. So it should feel very 2020 that Rep. Alexandria Ocasio-Cortez is about to stream Among Us, the hit game of 2020, on Twitch alongside mega-streamer pokimane and political analyst HasanAbi. […]
techcrunch - 14 hours ago
Feast your eyes on the all-new, all-electric GMC Hummer EV - techcrunch

Feast your eyes on the all-new, all-electric GMC Hummer EV

GMC has a new all-electric version of its classic Hummer oversized SUV. This thing is a beast, as you might expect, with an advertised 350-mile range and a 3-second zero to 60 mph time. It’s a bit ridiculous to be honest, which is kind of what the Hummer has always been about so that makes […]
techcrunch - 15 hours ago
LOAD MORE TECH
bbc
gadgets to use
geeky gadgets
gizmodo
jalopnik
jezebel
kotaku
lifehacker
ny times
pocket lint
readwrite
tech republic
tech world
techcrunch
technology
the inventory
the next web
venture beat
wired
count
sauces
help
I'm confused... What am I doing here?

Choose which sources you wish to remain and you're all set. Use the buttons to turn sources on and off.

What do the different colours mean?

Depending on if any articles/links are visible on the page there are 4 modes to show the state of your chosen sources.

on / visible on page

off / visible on page

on / not visible on page

off / not visible on page

techcrunch
Miniso, the Japanese-looking variety store from China, sees shares jump in US IPO

Miniso, the Japanese-looking variety store from China, sees shares jump in US IPO

techcrunch - 5 days ago

Investors are jumping aboard a value store chain that is bringing Japanese-inspired lifestyle goods to consumers around the world. The company, Miniso, raised $608 million from an initial public offering in New York on Thursday. It debuted at $24.40, above its pricing range of $16.50 to $18.50, and finished the day up 4.4%.

Everything about the seven-year-old firm — from its name, branding, products, to its website — suggests it is Japanese, except in fact it was born and bred in China. It bears a striking similarity to Muji, Uniqlo and dollar store Daiso in many ways, and has been called a copycat of its Japanese lifestyle predecessors.

The company, backed by Tencent and Hillhouse Capital, seems to intentionally, albeit misleadingly, brand itself as Japanese. In its public messaging, such as this press release and its country-specific site, it describes itself as a firm co-founded by Chinese entrepreneur Ye Guofu and Japanese designer Miyake Junya in Tokyo in 2013. But its Japanese origin is nowhere to be seen in its IPO prospectus.

Instead, the document lists the southern Chinese metropolis Guangzhou as the firm’s first base and Ye as the sole founder and current chief executive. All key directors and executives appear to be Chinese.

Branding confusion aside, there’s no denying Miniso has successfully wooed many young, price-sensitive consumers who welcome choice overload. Over 80% of its store visitors in China are under the age of 40. As of June, more than 95% of its products in China were below 50 yuan or $7.08 — thanks to the vicinity of abundant manufacturers — and the firm prides itself on the goal to launch 100 new SKUs every seven days.

Miniso’s revenue reached $1.4 billion in 2019, compared to $17.85 billion for 71-year-old Uniqlo and $4.17 billion for 39-year-old Muji. It recorded a loss of $44 million last year. 

The firm’s retail stores, decorated by its iconic bright red color reminiscent of the Uniqlo brand, span over 80 countries today. 40% of its 4,200 stores are outside of China. Over 90% of its outlets are franchise stores, one reason why it’s able to expand rapidly, but the model also means Miniso has limited control over its large network of third-party operators.

sauce: techcrunch
CLOSE