Klook, a Hong Kong-based online travel startup backed by SoftBank and Sequoia Capital China, said it has raised $200 million in its latest funding round, even as the global coronavirus pandemic has dealt a severe blow to the industry. Klook didn’t disclose its valuation in the funding round. The fundraising, led by Asia-focused investment fund Aspex Management, also comes weeks after Airbnb’s...
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Reality Check Facebook AR/VR
Facebook Kicks Off a Metaverse Reorganization
Mark Zuckerberg wasn’t kidding when he said last week he hopes Facebook will morph from a social media giant into a metaverse company. As the company revealed Monday, his ambition is beginning to have real effects on Facebook’s org chart.As reported, Facebook is creating a new Metaverse product group under Facebook Reality Labs. Andrew Bosworth’s, VP of FRL and the overseer of this new group,...
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