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Hello and welcome to the Daily Lunch on December 6, 2021! The holiday news slowdown isn’t here yet. We’re busy with changes in Alibaba, big startup news, SEC queries, and the cryptocurrency sold out, which is still hitting the market the other day. So let TechCrunch catch up! — —Alex
TechCrunch Top 3
- Alibaba shuffles its executive composition: Alibaba, a major e-commerce company in China, is undergoing further changes. Alibaba is said to be heading for delisting of shares on US exchanges. Didi has already made progress in that regard. For Alibaba, the reorganization of management is important and demonstrates a change in the way it operates.
- SenseTime’s IPO may set the tone of future AI lists. China-based SenseTime’s imminent Hong Kong IPO could be key to both AI listings and high-growth, high-burning Chinese tech companies. If the separation of Chinese companies and the global market continues, Hong Kong could be one of the few places that mainland companies could list, so SenseTime performance is important. So far, the signals are mixed at best.
- SEC knocks: If you are monitoring the EV market, you are familiar with Lucid Group. Also, if you are aware of the social media situation, you may be aware of other services offered by TRUTH Social and the Trump Media & Technology Group. good, Lucid is under investigation by SEC, Trump Media Concerns SPAC Partners Are Asked.. Keep an eye on both.
Startup / VC
Several venture groups have started today’s startup coverage Considering purchase for Polygon project, Built on top of the Ethereum blockchain. It’s not a shock in itself that a group of investors are trying to buy tokens, but it does show that crypto has actually moved from fringes to the center of the venture capital world.
- Smartphone as a service? It turned out to be a problem. Evidence is evidenced by Berlin-based Everphone raising $ 65 million in yet another funding round. What is it for? According to a TechCrunch report, the startup “is responsible for supplying, supporting, repairing / replacing, and recycling mobile devices (smartphones and tablets) for enterprise customers, and is billed on a monthly subscription per user.”
- Platzi’s edtech model raises even more capital. That’s not the only education and engineering market in Latin America — it’s also a barrier to the future. Platzi CEO Freddy Vega told TechCrunch that much of the Latin American economy is “based on natural resources,” so there are time constraints to prepare for: Enter a non-cohort-based approach for edtech and Platzi. It has just raised $ 62 million in Series B.
- Cute robots get checked: The somewhat humorous name Serve Robotics has raised $ 13 million in new capital. Known as the Uber spinout, this startup is building a small robot that delivers in urban areas. And yes, that robot is cute. Importantly, I think people would otherwise probably turn them over and become kid in general.
- Nearside Raises $ 58 Million for SMB Neo Banking: While out of breath and waiting for the chime IPO, the narrower focus Neobank is busy raising money. This time, we are nearside (formerly known as a hatch) targeting small and medium-sized enterprises as our core customer base. Nearside has added $ 58 million to its Series B account.
- Shipping Items may ship several items. Thanks to the container reuse model, we are limiting the amount of plastic people produce in landfills, communities and the ocean. It’s a pretty neat idea and you’ll see the market moving towards it. I think we are all a little more ecologically focused than before. right?
- TradeDepot raises $ 110 million in debt and capital. African and North American companies operate markets, warehousing networks, and BNPL solutions. We imagine it will be an investor catnip. Therefore, that mega new raise.
- OpenSea uses Lyft’s CFO as the CFO. Usually, when a company hires a CFO and announces it, an IPO countdown begins. This gave birth to the NFT marketplace, OpenSea. It’s full of CFO talent, thanks to the theft from ridehaling giant Lyft. Remember that Lyft is public, so the CFO knows one or two things about publishing. All you need to add is visit the public OpenSea. We desperately want to see your number. We do that, So strange.
How the credit karma earned in the turmoil of COVID succeeded in the first year under Intuit
The stock market plunged on February 2020, when it was scheduled to announce that Credit Karma had been acquired by Intuit for more than $ 7 billion, surprised by the news that a new new virus could cause a pandemic. Did.
“I remember waking up. Dow futures fell by about 600 points as COVID products began to hit the market,” said Kenlin, CEO of Credit Karma. “I’m awake at 5am. The Dow is flashing red … and we’re all like,” Are you going to do this? ” “
They did, and they managed to survive the storm. Ryan Lawler talks to Credit Karma and Intuit executives To get a complete picture of how Credit Karma endured the challenges before it returned to growth in 2021.
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Big Tech Co., Ltd.
- The private rocketboom continues: Perhaps it should be said that private rocket propulsion continues to rise? The boom seems suggestive and not a good way to go. Anyway, Astra will soon launch a rocket from Florida, which turns out to be the first time since January.
- DoorDash tests full-time courier: The company is working on a faster delivery system in New York, which makes it quite understandable to bring some of the delivery staff into the company. It’s not clear at this point how far the model will penetrate the DoorDash Gigger cohort that brought you dinner yesterday.
- Toyota manufacturing batteries in North Carolina: A major Japanese car maker plans to build a battery factory in the United States. Good news for those who support more American manufacturing, and I say, how big an electric car has become.
- Argo AI is working with a cyclist group on AV guidelines. As I’ve been reading Daily Crunch for a few months, the pace at which self-driving projects are stepping into commercial activity is accelerating. This is a difficult place to put people on top of a two-wheeled self-powered machine. People will continue to ride their bicycles. In addition, the self-driving car project will continue in the future. Make it clear that you want the two groups to play well and keep the cyclists alive. It’s a big job. So it’s nice to see some work to find a common foundation for cyclist safety.
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https://techcrunch.com/2021/12/06/daily-crunch-alibaba-shakes-up-management-team/ Alibaba shakes management – TechCrunch