Monday, June 18th, 2018


Sesame Street Launches a VC Fund
Fund Page
CNBC
Tech EU

Sesame Street, yes, everyone’s favorite childhood show, launched a venture capital firm called Sesame Ventures.

The fund looks to work with startups that focus on education, health, and social welfare for children.

According to a report released by CNBC early last week, the fund invested in a London-based firm called Kano. The company focuses on teaching kids how to code and build computers. The report outlines that the funds were an extension of a $28 million funding round the company gained last year.

Terms of the latest cash injection were not disclosed.


Apple and Oprah Sign a Deal
Company Update
The Verge
Variety

Apple announced last Friday that it is working with Oprah Winfrey on a multi-year content partnership that aims to create original programs.

According to multiple reports, the company is said to be investing heavily in producing original content for its audiences around the globe.

It’s a move that is expected to compete against other online streaming services including, Amazon and Netflix.


Foxconn WIll Open a North American Headquarters in Milwaukee
Reuters
BizTimes
USA Today

According to Reuters, Foxconn has purchased a building in downtown Milwaukee.

The new North American headquarters will employ 500 workers.

The new setup comes just about a year since the company announced that it would be investing in a $10 billion plant in Wisconsin.


Google and China’s JD.com Announce a Strategic Partnership
Press Release

Both companies announced on Monday, Beijing time that Google will invest $550 million in cash in JD.com as part of a strategic partnership.

Both companies plan to invest in global retail solutions which include a focus on Southeast Asia, the U.S., and Europe.

Google’s Chief Business Officer Philipp Schindler stated that quote, “We are excited to partner with JD.com and explore new solutions for retail ecosystems around the world to enable helpful, personalized and frictionless shopping experiences that give consumers the power to shop wherever and however they want”

JD.com is the largest retailer in China, a member of the NASDAQ100 and a Fortune Global 500 company.