2 weeks after prolonged system failure, Alibaba CEO takes over the company’s cloud division • TechCrunch
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We’re almost there, guys. Today is the last Thursday of 2022 and today we have some news for you about Alibaba and Spotify, as well as some crypto news in India. And as always, we bring you the best of TC+, our premium membership program. Read on, dear readers, and we’ll be back tomorrow to bring you the final moments of 2022 in the tech arena. — HP
Top 3 TechCrunch
- Alibaba Cloud Move: Alibaba Cloud has a new president, Rita report. The world’s third-largest public cloud infrastructure provider after AWS and Microsoft has appointed Daniel Zhang, the company’s CEO, as acting chairman.
- Ring with Spotify: Aisha writes that the platform wants to help you welcome 2023 in a style it thinks you might like. Playlists like “Party Hits”, “Floor Fillers”, “Pop Party” and “Rock Party” will take you until midnight. The center also offers you some DJ mixes from artists like TT the Artist, Carlita, AMÉMÉ, Coco & Breezy, &ME and Austin Millz. Bend down!
- Crypto Regulations of India: Under its G20 presidency, India said it would prioritize developing a framework for global regulation of unsupported crypto assets, stablecoins and decentralized finance, writing Manish.
Start-ups and VC
- Remember this: Catherine writes that Recall.ai has raised $2.7 million in a seed funding round to help create a unified API that works with Zoom, Google Meet, and Microsoft Teams to help customers build apps for some schools use case.
- down round: Mary Ann spoke with GGV’s Hans Tung and Robin Li about the company’s position in a challenging venture environment. (Requires TC+ registration.)
Redefining ‘founder-friendly’ capital in the post-FTX era
Could the collapse of FTX be avoided if investors took a more active interest in the company’s performance?
Blair Silverberg, co-founder writes: “With the cold climate for late-stage fundraising and widespread economic uncertainty, “it is time for the startup community to redefine ‘friendly capital’ What does founder-friendly’ mean and balance both the source and the cost of that capital”. and the CEO of Hum Capital.
In a TC+ guest post, he weighs the relative benefits of active and passive investors, breaks down the basics of debt-funded startups, and shares profits. advises “for founders looking for a better balance of capital and outside expertise for their business.”
TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here. Use code “DC” for 15% off your annual subscription!
Looking back and looking forward
we rounding Our best TC+ coverage from five crypto roller coasters. Not enough? Jacquie provided us with a few more things to squeeze more pulp out of crypto juice:
Ron looked over Private equity dominates top 10 corporate M&A deals This year. The deals total nearly $154 billion. (Requires TC+ registration.)
Rebecca have some ideas about what’s available for micro market in 2023 – after what she said was a “turbulent” year.