Furlenco, a Bangalore-based startup that operates an eponymous furniture and appliance rental service, said today it has raised $140 million in a financing round as it looks to scale its operations in the South Asian market and explore international market expansion. The new $140 million financing round, a Series D, comprises $120 million debt raise…
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China’s cyber security regulator has ordered that Didi be taken off domestic app stores just days after the ride-hailing giant raised $4.4bn in the biggest Chinese listing in the US since Alibaba in 2014. The Cyberspace Administration of China said on Sunday evening that Didi’s app had “problems of seriously violating laws on collecting and…
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China has ordered app-store operators to remove the app of Didi from their stores, the latest as tension escalates between the nation’s largest ride-hailing giant and local regulators. The app has disappeared from several stores including Apple’s App Store in China, TechCrunch can confirm. The nation’s cyberspace administration, which unveiled the order on Sunday, said…
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ByteDance is selling some of the artificial-intelligence technology that powers its viral video app TikTok to websites and apps outside China, as it broadens its revenue streams ahead of a long-anticipated initial public offering. A new division called BytePlus quietly launched in June and already lists customers all over the world, including in the US.…
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Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices…
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Wow, that headline worked? A recent board fight at a digital health unicorn is a reminder to entrepreneurs that it’s important to set boundaries, even amid the dizzying volume and velocity of this summer’s deal frenzy. This week I published a scoop about how Bessemer Venture Partners replaced a board member at Hinge Health, after…
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For the first time, researchers have mapped all the known targets, including journalists, activists, and human rights defenders, whose phones were hacked by Pegasus, a spyware developed by NSO Group. Forensic Architecture, an academic unit at Goldsmiths, University of London that investigates human rights abuses, scoured dozens of reports from human rights groups, carried out…
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Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. Hey! It’s going to be a…
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Hackers began a global ransomware attack on Friday, hitting more than 1,000 companies, and forcing Sweden’s Coop grocery chain to close hundreds of stores. In what appears to be one of the largest supply chain attacks to date, hackers compromised Kaseya, an IT management software supplier, in order to spread ransomware to the managed service…
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Hackers began a global ransomware attack on Friday, hitting more than 1,000 companies, and forcing Sweden’s Coop grocery chain to close hundreds of stores. In what appears to be one of the largest supply chain attacks to date, hackers compromised Kaseya, an IT management software supplier, in order to spread ransomware to the managed service…
Read more