• Techzi
  • Posts
  • Daily Tech News: Sea Group, Alibaba, Uber Eats, Neuralink, Allozymes, MoneyHero

Daily Tech News: Sea Group, Alibaba, Uber Eats, Neuralink, Allozymes, MoneyHero

May 16, 2024

In partnership with

Here are the top stories on Techzi

Sea’s Q1 Swells With Strong Revenue and Profitability Gains

  • Sea Group Q1 revenue soared 23% to $3.7B, EBITDA up 3.2x.

  • Shopee’s GMV jumped 36%, revenue 33% with lower losses.

  • Garena, SeaMoney grew bookings and revenue diversely.

Alibaba Hits the Jackpot with Stellar Q4 Performance

  • Alibaba Q4 revenue soars 7% to $30.7B, fiscal year 8% to $130.4B.

  • Full-year operating profits surge 13% despite Q4 dip.

  • AI integration across businesses fuels growth.

I Like to Say “Work in Priority Order… but Do NOT Work Only on Top Priorities”

Guest Author: Ken Leaver

  • Prioritize top tasks, but work on lower priorities when blocked.

  • Switch projects seamlessly by breaking them into discrete tasks.

  • This system increases productivity and execution speed.

Uber Bites Into Taiwan Market, Gobbles Up Foodpanda for $950M

  • Uber is going all-in on Taiwan’s food delivery scene.

  • Uber is also purchasing $300M in Delivery Hero shares.

  • Delivery Hero will refocus resources in markets with “largest impact.”

  • Neuralink’s brain implant faced issues.

  • The company implemented fixes, restoring and enhancing cursor control via thoughts.

  • Neuralink persists, eyeing 10 more implants while pioneering human-machine symbiosis.

Allozymes Secures $15M for European Conquest and Biotech Breakthroughs

  • Allozymes raises $15M Series A for European expansion, partnerships.

  • Its enzyme platform analyzes 20M variants daily for applications.

  • Building AI-powered enzyme library for biocatalytic solutions.

MoneyHero Scores Big with Ex-Alibaba Exec as New CFO

  • MoneyHero appoints ex-Alibaba exec Hao Qian as new CFO.

  • Qian held CFO roles at Alibaba, Amazon, Credit Suisse.

  • MoneyHero Q4 revenue surged 50% to $35M.

Rapyd Enmeshed in $1.1M Commission Clash with Ex-Staffer

  • Fintech Rapyd sued by ex-staffer for $1.1M unpaid commissions.

  • CEO claims $934M transactions were “round-tripping”, not viable revenue.

  • Negotiations failed, legal battle ongoing.

Tencent Soars with Double-Digit Growth in Q1 2024

  • Tencent reported 30% profit surge to $8.3B, 6% revenue growth.

  • Its online ads surged 26% to $4B from AI infrastructure.

  • Company investing in tech, rewarding shareholders through buybacks, dividends.

Did you miss yesterday's daily news show?? Then it’s not too late to check it out now!

Investor-ready Startup Financials

Last year, we helped companies raise $300M in venture capital. Next week, we are running a 1-week LIVE workshop that covers:

  • Financial modeling basics

  • How to forecast startup growth

  • Budgeting rounds of funding

Reply

or to participate.