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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

The line between social networking and gaming is increasingly blurring , and internet incumbents are taking notice. NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California.

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Chinese cyber espionage growing across all industry sectors

CIO

Government orgs were a target for China-linked threat actors in virtually all regions of the world, and Salt Typhoon, a cyber unit tied to Chinas MSS, made headlines in recent months after compromising major telecom and ISP networks in the US, with this type of targeting also common in Asia and Africa.

Industry 198
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Social app IRL makes its first acquisition with deal for digital nutrition company AaBeZe Labs

TechCrunch

IRL, the SoftBank-backed social app and recent unicorn , is today announcing its first acquisition. The company is purchasing, for an undisclosed sum, the “digital nutrition” company AaBeZe Labs and its portfolio of IP with the goal of making IRL a healthier and more ethically designed social networking app.

Social 250
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Chinese cyber espionage growing across all industry sectors

CIO

Government orgs were a target for China-linked threat actors in virtually all regions of the world, and Salt Typhoon, a cyber unit tied to Chinas MSS, made headlines in recent months after compromising major telecom and ISP networks in the US, with this type of targeting also common in Asia and Africa.

Industry 147
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Cosmos Video – a ‘Club Penguin for adults’ to socialise and work – raises $2.6M from LocalGlobe

TechCrunch

All over the world startups are piling into the space marked “virtual interaction and collaboration”. Step forward Cosmos Video , which has a virtual venues platform that allows people to work, hang out and socialize together. Cosmos allows users to create virtual venues by combining game mechanics with video chat.

Video 259
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Fiveable lands $10M Series A to become ‘the hallways of the educational internet’

TechCrunch

While tech workers may turn to virtual HQs or Twitter Spaces for spontaneous chats, high schoolers are searching for casual places online to riff and study with friends. Now, it is evolving to become a social learning platform that helps any student navigate high school. What do students do in the hallways of high school?

Education 247
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mPharma, a telehealth pioneer out of Ghana, gets physical with 100 virtual centers across Africa

TechCrunch

One company that is planning to drive the wave of telemedicine across the continent, as the Covid-19 pandemic rages on, is mPharma , a Ghanaian health tech start-up that is set to open 100 virtual centers across seven markets in Africa over the next six months. This is what makes mPharma’s telemedicine unique,” Rockson told TechCrunch.