Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its...Investingread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
Stocks in Asia traded lower on Thursday afternoon. Australia's jobs data showed the net number of jobs created was far below expectations.Asia Marketsread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
NewTV, a subscription streaming service for premium short-form content that's launching by Christmas of 2019, aims to disrupt Hollywood the way HBO did in the 1990s, and has raised $1 billion in funding. The company is run by Jeffrey Katzenberg, the former chairman of Disney Studios, and former Hewlett Packard Enterprise CEO Meg Whitman. Investors include Disney, Comcast and Alibaba.
Chinese artificial intelligence company SenseTime co-led a $199 million investment in MovieBook, a Beijing-based developer of video recognition software. MovieBook aims to improve online video search, and other online video services. SB China Venture Capital also co-led the deal, joined by Qianhai Wutong, PAC Partners, Oriental Pearl Group and Lang Sheng Investment.
Naspers is putting more money into LetGo, a mobile marketplace for used goods that competes with Craigslist, eBay, and Facebook Marketplace, along with start-ups like OfferUp. Naspers has committed to pour $500 million more into LetGo, with $150 million invested so far. LetGo was earlier backed by NEA, Insight Venture Partners, Accel and others.
Novo Holdings, Cowen Healthcare Investments, Pfizer Ventures and OrbiMed are among investors in a $60 million round for Therachon. The biotech venture is developing medicines for rare diseases largely ignored by the industry. The company is currently focused on developing a protein therapy to treat achondroplasia, a genetic disorder causing dwarfism.
Otto co-founder Don Burnette has teamed up with former venture capitalist Paz Eshel to launch Kodiak, a self-driving truck startup. The company has raised $40 million from investors including Battery Ventures, where Eshel used to work, CRV, Lightspeed Venture Partners and Tusk Ventures.
Ample, a start-up working on electric vehicle charging technology, raised a $31 million series A round of funding led by Shell Ventures.
Andreessen Horowitz led a $20 million investment into Wonderschool, a start-up that helps educators go entrepreneurial by starting their own daycare or in-home preschool.
Cowboy Ventures closed a $95 million seed-stage fund, its third. The firm is best-known for its early investment in Dollar Shave Club, which was acquired for around $1 billion by Unilever in 2016. Cowboy Ventures is also one of the first Silicon Valley venture funds founded by a woman, Aileen Lee. Prior to starting her own fund, Lee was a venture investor at Kleiner Perkins.
Disclosure: Comcast, which owns NBCUniversal, parent company of CNBC and CNBC.com, is an investor in NewTV.