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VentureBeat

Niko Partners: Esports generated $519 million in Asia in 2019, growth continues in pandemic


Esports generated $519 million in revenue in 2019 in Asia, making it the No. 1 region in the world for such revenue, according to a report by market researcher Niko Partners. The growth continues in 2020 despite the pandemic, though Niko does not have a specific forecast for this year.

Overall, Niko found that Asia generated nearly half of all global esports revenue in 2019, hosting big events like Riot Games’ League of Legends Championships. Niko said that there are 510 million esports fans (defined as those who watch at least once a month) in Asia, with 595 million esports players. Mobile esports games in Asia generated $13.3 billion in 2019, 68% of global mobile esports games revenue. Read More

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TechCrunch

Even as cloud infrastructure growth slows, revenue rises over $30B for quarter – TechCrunch


The cloud market is coming into its own during the pandemic as the novel coronavirus forced many companies to accelerate plans to move to the cloud, even while the market was beginning to mature on its own.

This week, the big three cloud infrastructure vendors — Amazon, Microsoft and Google — all reported their earnings, and while the numbers showed that growth was beginning to slow down, revenue continued to increase at an impressive rate, surpassing $30 billion for a quarter for the first time, according to Synergy Research Group numbers. Read More

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VentureBeat

ProBeat: Slowing AWS, Microsoft Azure, and Google Cloud revenue growth is a good thing


COVID-19 means work, learning, and life in general are increasingly happening online. Shouldn’t that mean more cloud usage and thus more cloud revenue? Yes, and it does. But that doesn’t necessarily translate to more cloud revenue growth for the three tech giants. Microsoft reported its fiscal Q4 2020 earnings last week, while Amazon and Alphabet reported their respective Q2 2020 earnings yesterday. We thus now have a full quarter of results for the three biggest cloud providers during the coronavirus pandemic. Read More

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TechCrunch

Edtech startups flirt with unicorn-style growth – TechCrunch


When Quizlet became a unicorn earlier this year, CEO Matthew Glotzbach said he’d prefer to distance the company from the common nomenclature for a startup valued at or above $1 billion.

“The way Quizlet has gotten to this point is by building and growing a very responsible business,” he said. “It’s the result of the hard work of the team for a decade. We’re much more like a camel.”

It’s clear, though, that the tides might be changing. In edtech, the rich are getting richer. Last week, Mountain View-based Coursera announced it had raised a $130 million Series F round a day after The Information broke a story about Udemy reportedly raising new financing at a $3 billion valuation. Read More

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VentureBeat

Snap drops 11% as user growth disappoints in Q2 2020


(Reuters) — Snap said on Tuesday a bump in user growth at the start of coronavirus-led lockdowns petered out sooner than expected, and it forecast fewer current-quarter users than the Wall Street consensus. Shares of Snap fell 11% in after-hours trading before paring losses to around 6%. The Snapchat owner said daily active users (DAUs), a widely watched metric by investors and advertisers, rose 17% to 238 million in the second quarter ended June 30. Analysts had expected 238.44 million, according to IBES data from Refinitiv. Read More

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TechCrunch

Former Atomico and Softbank VC Carolina Brochado has joined EQT to help build its new growth fund – TechCrunch


Carolina Brochado, the former Atomico partner and most recently a partner at Softbank Vision Fund’s London office, has joined EQT as part of its plans to launch a new fund dedicated to growth-stage investments, TechCrunch as learned.

According to multiple sources, Brochado is part of a new growth fund team at EQT that will sit between its existing earlier-stage EQT Ventures and the more majority ownership-oriented EQT private equity. She’s currently thought to be out recruiting additional members of EQT Growth. Read More

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The Verge

Netflix adds another whopping 10 million subscribers, but warns growth may slow


Netflix is still growing as people continue to shelter in place around the country, but the company is now seeing the slowed subscriber growth executives predicted would arrive three months ago.

On top of announcing that longtime chief content officer Ted Sarandos would join CEO Reed Hastings as co-CEO, the company made a few impressive announcements. Netflix added 10.2 million subscribers in its second quarter, beating the company’s own estimates that it made in its first quarter, which suggested it could add around 7.5 million. Read More

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TechCrunch

Huawei posts revenue growth in H1 despite sanctions and pandemic – TechCrunch


Huawei reported a 13.1% year-over-year revenue growth in the first half of 2020, even if countries around the world continued to weigh up bans on its equipment and smartphone sales shrink amid the pandemic, the telecom giant said in a brief on Monday.

The firm’s revenue reached 454 billion yuan ($64.88 billion) in the period, with its carrier, enterprise, and consumer businesses accounting for 35%, 8% and 56% of total revenue, respectively. It finished with a net profit margin of 9.2%, a slight increase from 8.7% in the same period last year. Read More

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The Next Web

Microsoft Azure continues its explosive growth. Accelerate your tech career with this $30 course bundle

TLDR: The training in The Complete Microsoft Azure eBook and Video Course Bundle explains everything it takes to keep a cloud-based network running in tip-top shape.

Career change is never easy. Especially in the midst of economic uncertainty, societal upheaval and a worldwide medical emergency. But if you want to help hedge your bets when making this big professional leap at this particular moment in history, take a close look at businesses that are thriving regardless of the chaos.

The fact is that cloud operations were already booming before 2020. Now, further emboldened by all the destabilizing factors of the current year, major cloud providers like Microsoft Azure are seeing their ranks swell at a hyperadrenalized rate. Read More

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TechCrunch

Sequoia announces $1.35 billion venture and growth funds for India and Southeast Asia – TechCrunch


Sequoia Capital India on Monday announced it has secured $1.35 billion from LPs for two new funds as the storied venture firm looks to ramp up its investments in the world’s second-largest internet market and Southeast Asia.

The two new funds — a $525 million venture fund and a $825 million growth fund — will help the VC firm, which operates in India and Southeast Asia through one arm, more comprehensively serve the startup ecosystem in the region, said Shailendra Singh, a managing director at Sequoia Capital India. Read More