China Roundup: Kai-Fu Lee’s first Europe bet, WeRide buys a truck startup – TechCrunch

Reading Time: 12 minutes Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. Despite the geopolitical headwinds for foreign tech firms to enter China, many companies, especially those that find a dependable partner, are still forging ahead. For this … Read more

Peer-to-peer car rental startup Getaround fined nearly $1M by DC’s Attorney General – TechCrunch

Reading Time: 6 minutes Getaround was fined nearly $1 million by the Washington D.C. Office of the Attorney General for operating without a license and other violations, part of a settlement of what the peer-to-peer car rental startup calls “politically motivated allegations.” The AG’s office started investigating the company early last year, after it received reports of vehicle thefts … Read more

China’s expected edtech clampdown may chill a key startup sector – TechCrunch

Reading Time: 5 minutes News that China’s government may force domestic tutoring-focused companies to go non-profit is taking a huge bite out of the value of several technology companies. Bloomberg notes that the value of companies like New Oriental Education & Technology Group and TAL Education are tumbling in light of the news, which would constitute merely the latest … Read more

Susan Su on how to approach growth as your startup raises each round – TechCrunch

Reading Time: 5 minutes ‘I firmly believe that every founder should try their hand at growth’ Your startup might rely on clever growth tactics to get off the ground, but you need more than spreadsheets if you want to turn viral spikes into a real business. You need a qualitative growth model to guide the strategy that you can … Read more

Filing: Instant grocery startup Gopuff to raise $750M at a $13.5B valuation; sources: it’s actually $1B on a $15B valuation – TechCrunch

Reading Time: 10 minutes Gopuff, the “instant” grocery delivery startup that has been on an acquisition and expansion tear in the last several months to scale its business, is also racing to raise money to fuel those efforts. Documents uncovered by Prime Unicorn Index and shared with TechCrunch show that the startup has filed papers in Delaware to raise … Read more

Canada’s startup market booms alongside hot global VC investment – TechCrunch

Reading Time: 6 minutes Continuing our global look into the torrid pace of venture capital investment in the second quarter, today we turn to Canada. While many markets have posted impressive results, like the United States setting the pace for new all-time records in dollars invested into startups, Canada’s numbers stand out. The country, now famous in the startup … Read more

Microsoft’s cyber startup spending spree continues with CloudKnox acquisition – TechCrunch

Reading Time: 4 minutes Microsoft has acquired identity and access management (IAM) startup CloudKnox Security, the tech giant’s fourth cybersecurity acquisition this year. The deal, the terms of which were not disclosed, is the latest cybersecurity acquisition by Microsoft, which just last week announced that it’s buying threat intelligence startup RiskIQ. The firm also recently acquired IoT security startups … Read more

Daily Crunch: India’s most valuable startup buys US-based digital reading platform Epic for $500M – TechCrunch

Reading Time: 13 minutes 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. Hello and welcome to Extra Crunch for July 21, 2021. It’s been a good day for crypto fans, with major coins seeing some recovery from recent lows. Bitcoin and ether remain depressed … Read more

Hear Startup Alley companies pitch expert VC judges in upcoming episodes of Extra Crunch Live – TechCrunch

Reading Time: 8 minutes We know how much you love a good startup pitch-off. Who doesn’t? It combines the thrill of live, high-stakes entertainment with learning about the hottest new thing. Plus, you get to hear feedback from some of the smartest folks in the industry, thus learning how to absolutely crush it at your next pitch meeting with … Read more

Biosafety startup R-Zero acquires CoWorkr to create an ‘OS for the workplace’ – TechCrunch

Reading Time: 11 minutes On Tuesday, R-Zero, a pandemic-era biosafety company, announced the acquisition of CoWorkr — a company that develops room occupancy sensors. The acquisition marks a shift in focus for R-Zero as people return to work, vaccines are rolled out and companies that sprung up in response to the COVID-19 adapt to another phase of the pandemic.  … Read more