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VICE Media raises $450 million

Commentary

Millennials-focused digital news and lifestyle media company VICE Media has raised $450 million from TPG. The deal valued the company at $5.7 billion, which makes it more valuable than AOL, Oprah, and The New York Times. What makes VICE Media tick is it plays a different game than other media entities like Buzzfeed and Vox. Unlike others, VICE does not rely on social networks like Facebook for content reach but rather, it has its own distribution channels, both online and offline, to showcase its content. It also aggressively pursued various profit opportunities, including acting like an in-house branding agency for its clients and pursuing a branded-content strategy to engage audiences more effectively.

Mobike raises $600 million

Commentary

From US to Russia and from Brazil to China, the bike sharing phenomenon is taking the world by storm, with China leading the pack with millions of bikes in its cities streets. Unlike other bike sharing services, China’s bikes can be picked up and left anywhere in the city. These bikes have GPS and can simply be locked by the user after a ride and unlocked by the next user by using an app. With Uber selling its China-based business to Didi Chuxing, investors are now setting their sights on bikes, particularly Mobike, one of China’s top bike sharing startups. Last week, Mobike scooped up $600 million in a Series E round from a consortium of investors led by Tencent. Previous to this round, the company had raised over $300 million this year alone and now has a total of $925 million in its war chest. According to reports, the money will be used to fund the company’s global expansion.

Internet Dealbook Q1 Report 2017

 

Internet DealBook Annual Report 2016