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Chinese bike-sharing startup Ofo raises $700M led by Alibaba

Ofo, one of China’s two billion-dollar-valued bike-sharing companies, has announced that it raised a $700 million Series E funding round which is led by e-commerce giant Alibaba, Hony Capital and CITIC Private Equity. Existing backers including ride-sharing firm Didi and DST Global also took part. This is the first time Alibaba ...

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Crunch Report | Blue Apron IPO Has A Rocky Start

 Today’s Stories  Blue Apron IPO off to a rough start Microsoft confirms Cloudyn acquisition, sources say price is between $50M and $70M Instagram implements an AI system to fight mean and harassing comments Uber crosses the 5 billion trip milestone amid ongoing issues A brief history of the iPhone Credits ...

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Apple acquires SMI eye-tracking company

In a move that is sure to stoke rumors about Apple’s future work in augmented and virtual reality technologies, Apple has acquired SensoMotoric Instruments (SMI), an eye-tracking firm, MacRumors reports. The German company, which was founded in 1991, has done significant work in eye-tracking research with proprietary eyeglass hardware while ...

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