Day: January 11, 2021

Vision Fund backs Chinese fitness app Keep in $360 million round – TechCrunch

As Chinese fitness class provider Keep continues to diversify its offerings to include Peloton-like bikes, health-conscious snacks among other things, it’s bringing in new investors to fund its ambitions.

On Monday, Keep said it has recently closed a Series F financing round of $360 million led by SoftBank Vision Fund. Hillhouse Capital and Coatue Management participated in the round, as well as existing investors GGV Capital, Tencent, 5Y Capital, Jeneration Capital and Bertelsmann Asia Investments.

The latest fundraise values the six-year-old startup at about $2 billion post-money, people with knowledge told TechCrunch. Keep said it currently has no plans to go public, a company spokesperson told TechCrunch.

Keep started out in 2014 by providing at-home workout videos and signed up 100 million users within three years. As of late, it has served over 300 million users, the company claims. It has over time fostered an ecosystem of fitness influencers who

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Top 6 trends to watch for at CES 2021

Find out what big tech news is expected at the all-digital CES 2021 this week.

This year’s CES is all virtual, but there will still be plenty of cool technology on display during the event, which runs from Jan. 11-14.

Last year at CES 2020, there were 4,419 exhibiting companies and 171,268 attendees. This year, there’s less than half that number of exhibitors, with 1,967, and many companies that take up a lot of exhibit space such as Google, Ford, Toyota, Honda and BlackBerry aren’t even participating in CES 2021. The companies that are participating however, will be showcasing lots of innovative new products despite the event’s all-digital format.

TechRepublic’s Editor-in-Chief Bill Detwiler, Associate Managing Editor Teena Maddox and UK Editor-in-Chief Steve Ranger talked to Reporter Karen Roby to discuss the top trends to look for at CES in this most unusual of years.

SEE: Gartner’s top tech predictions

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