Valve and five PC games publishers fined $9.4M for illegal geo-blocking

A four-year antitrust investigation into PC games geo-blocking in the European Union by distribution platform Valve and five games publishers has led to fines totalling €7.8 million (~$9.4M) after the Commission confirmed today that the bloc’s rules had been breached. The geo-blocking practices investigated since 2017 concerned around 100 PC video games of different genres, … Read more

HiPeople picks up $3M seed to automate reference checks

HiPeople, a HR tech startup based in Berlin that wants to automate the reference checking process, has raised $3 million in seed funding. Leading the round is Mattias Ljungman’s Moonfire, with participation from Capnamic Ventures, and Cherry Ventures. It follows a $1.1 million pre-seed in late 2019. Notably, the seed round was closed fully remote, … Read more

Alibaba shares jump on Jack Ma’s first appearance in 3 months

Alibaba’s billionaire founder resurfaced as he spoke to 100 rural teachers through a video call, three months after his last public appearance in October, sending the e-commerce firm’s shares up more than 8% in Hong Kong. A recording of the call was first posted on a news portal backed by the government of Zhejiang, the … Read more