Alibaba Cloud pledges $1B to boost overseas alliance

Alibaba is known for its sprawling e-commerce empire, but like Amazon, cloud service has been a big driver of its revenues in recent years. The Chinese cloud giant is ready to double down on its overseas reach and announced today a $1 billion investment in a “global partner ecosystem upgrade.” Alibaba Cloud is now the … Read more

Berlin’s Visionaries Club VC boosts its funds with €350M worth of fresh capital for B2B investments

It was back in 2019 that we reported on Visionaries Club, a new, Berlin-based, European VC focusing on B2B, founded by Sebastian Pollok and Robert Lacher. At the time, Visionaries Club had launched two new €40M micro funds for seed and growth-stage B2B. Pollok was previously a VC at e.ventures in San Francisco and also … Read more

EV charging operator Bump unlocks $180 million

French startup Bump has signed a multi-year financing partnership with DIF Capital Partners in order to roll out more charging stations for electric vehicles and double down on growth in general. It is an equity and quasi-equity $180 million deal that will be progressively unlocked from 2022 to 2030. Yesterday, ZePlug also announced a significant … Read more

Florida escalates the fight over a controversial social media law to the Supreme Court

After an appeals court struck down key portions of a state law designed to prevent social media companies from freely making content moderation decisions, Florida wants the Supreme Court to weigh in. Florida Attorney General Ashley Moody filed a petition Wednesday asking the highest court in the land to wade into the issue after two … Read more

Daily Crunch: Moonlighters eclipsed — Wipro lets go of 300 employees who were working for its rivals

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Due to excessively poor judgment, today’s Christine and Haje show is brought to you by Haje and Christine. Meanwhile, mark your calendar for September 23 at 10:00 a.m. PDT/1:00 p.m. EDT when … Read more

Bird board backs new scooter boss

Micromobility company Bird is boosting its president, Shane Torchiana, to CEO status in a “long-planned” shakeup that sees founding chief executive Travis VanderZanden further stripped of power. Bird’s board also announced two other appointments: Former Archer Aviation chief financial officer Ben Lu has joined as Bird’s new CFO, taking over the role from Yibo Ling, … Read more

Materials startup Novoloop brings its upcycled outsole to On’s new running shoe

Making sneakers is a dirty business; one that’s heavily reliant on fossil fuels. Shoe companies have experimented with various ways to reduce their footprints, from uppers made of recycled plastic to midsoles made of foam derived from sugarcane. Now, there’s a new approach — upcycling. Materials startup Novoloop and running-shoe manufacturer On will announce a … Read more

NyQuil chicken isn’t actually a TikTok trend

It’s about time that we learn the difference between what’s a viral trend, and what’s just one person posting a meme that goes viral. For the sake of humanity, let’s count our lucky stars: NyQuil chicken is not a real threat to public health. But this week, the FDA issued a warning about what the … Read more

BeReal experiences a multi-hour outage, refuses to explain

Gen Z’s favorite social app BeReal experienced a lengthy outage today, which the company only acknowledged with a brief — and fairly vague —  tweet, stating: “yup, we’re on it.” In recent months, the Paris-based app maker has seen its photo-sharing service climb to the top of the App Store, ousting competitors like Facebook, Instagram … Read more

Apple TV+ character ‘Ted Lasso’ comes to EA Sports FIFA 23

Jason Sudeikis’ character from the hit Apple TV+ series “Ted Lasso” will make an appearance in EA Sports’ upcoming video game, FIFA 23. Ted Lasso will be playable as a manager along with the show’s fictional football club AFC Richmond. EA (Electronic Arts) announced the news today alongside a trailer showing everyone’s “favorite mustachioed manager,” … Read more

Singapore’s Arbor Ventures notches $193M towards next early-stage fintech fund

Arbor Ventures, funder of fintech and shopping startups like installment loan company Tabby and Amazon brand factory Heyday, has locked down $193 million towards its largest fund to date, TechCrunch has learned. The Singapore-based VC focuses on early-stage financial tech startups, but it operates with a pretty expansive view of what constitutes fintech; its portfolio … Read more

Binance CEO sees positive progress for crypto regulation, but it will be a ‘long process’

Binance CEO Changpeng Zhao, known as “CZ” in the crypto world, said governments across the globe are making slow but “positive” progress toward regulating cryptocurrency. “On the regulatory side, I think we’re seeing a lot of progress in the positive direction for regulatory framework,” Zhao said in a video call aired live on stage at … Read more

Peacock invests in its first adult animation series, stars Mike Judge and ‘Silicon Valley’s’ Zach Woods

Peacock, Comcast’s NBCUniversal-owned streamer, announced its first original adult animation series today. It’s about time the streaming service invested in the genre, as adult animation shows continue to do well for competitors Netflix and Hulu. Peacock’s upcoming animated comedy series, “In the Know,” will star “Beavis and Butt-Head” creator Mike Judge and “Silicon Valley” star … Read more

Chinese EV startup Xpeng says its new G9 SUV is ‘last step’ before autonomous vehicles

Xpeng launched the G9 Flagship SUV, the fourth production vehicle in its lineup that will set a “new benchmark” for automated driving technology in passenger vehicles, the Chinese electric vehicle startup said Wednesday. The automaker says the G9 will come with an advanced driver assistance system (ADAS) that eventually will cover both city and highway … Read more

Disrupt 2022’s climate tech and health tech sessions

Between the climate crisis and global pandemics, we’re living in remarkably fraught times. Undaunted by the magnitude of the challenges, Silicon Valley has been hard at work seeking to mitigate the threats, extend help to the overlooked, and prepare for a new kind of future. Some of the most promising and cutting-edge advancements in climate … Read more

Twitch plans to cut subscription revenue for some top streamers in push toward ads

Twitch plans to standardize its revenue sharing agreement with streamers, reshaping the earnings landscape for top creators who have historically been able to pocket a bigger portion of the money they generate through paid subscriptions on the platform. In a blog post on Wednesday, Twitch President Dan Clancy explained that while the “vast majority” of … Read more

CoinFund’s Seth Ginns on why the crypto downturn has spared early-stage startups

Crypto token prices have been trending downward for the past year, with BTC and ETH both down over 50% since last September. Yet despite the downturn in cryptocurrency prices, early-stage web3 startups have shown remarkable resilience in their valuations, Seth Ginns, managing partner and head of liquid tokens at digital asset investment firm CoinFund told … Read more

Apple to move 25% iPhone production to India by 2025, 20% iPad and Apple Watch to Vietnam, analysts say

Apple began assembling some of its devices in India and Vietnam a few years ago, slowly cutting its reliance on China. The Cupertino-giant is now gearing up to make the two nations key global manufacturing hubs, according to analysts at JP Morgan. In a report they sent to clients Wednesday, JP Morgan analysts said Apple … Read more