Megastore Temu files suit against Shein in U.S. for alleged anti-competitive practices

TechCrunch Newsletter

By Christine Hall Monday, July 31, 2023

Today, the battle between Shein and Temu is heating up. Neither of the China-based e-commerce giants are holding back any punches as they escalate their war. Now the courts are involved. Next, Apple gave its blessing to Twitter's rebrand to X despite not normally allowing developers to have single-letter apps. Read more. Don't like the X? Here's how to get the old Twitter app icon back on iOS. Meanwhile, now that you've graduated college and have that new job, Bloom wants to teach you how to build wealth. Find out how. And, New Relic agreed to go public in a $6.5 billion all-cash deal with two private equity companies. Get the scoop. If you want the TechCrunch+ take on it, here's what New Relic's sale tells us about the value of middling growth today. In case you missed it last week, SpaceX conducted a full-pressure test of a new water deluge system for its Starship launch vehicle. Learn more about the “mega-steel pancake” system. Image Credits: Hailshadow / Getty Images

More top reads Today in TechCrunch+ land, learn one area where Elon Musk was probably right. He's been making the rounds at electric utility industry conferences, urging executives to invest more in the energy transition. Guess who's back? Back again. Ye is back, tell a friend: I know that is not a Kanye West song, but very apropos for the fact that X reinstated Kanye West's account after Elon Musk banned him last year. Helping home service businesses have more doors to knock: Topline Pro grabs $12 million in new capital to help home service businesses get discovered. Is that a threat?: Cyble, a company that describes itself as ​​a "threat intelligence provider," lands a $24 million investment. This phone takes the crown: There's no question anymore — Google's Pixel 7a owns the midrange crown. Pack your suitcase: Airalo locks in $60 million to expand its eSIM-based global roaming "marketplace." DealShare CEO moves on: The social commerce company did not say why Vineet Rao stepped down from the role, but the company reportedly was scrambling to find ways to discover stickiness in its business for quarters. More on the Call of Duty hack: The Call of Duty worm malware used to hack players exploited a years-old bug. Buona notte: Italy accepts data portability offer from Google to settle antitrust complaint. Time to get your "Loki" fix: Disney+ drops the "Loki" Season 2 teaser trailer. Not sticky enough: Apple confirms a Screen Time bug is causing settings not to stick. How did Amazon do last quarter?: Well, the company achieved its "fastest Prime speeds ever" last quarter and plans to double same-day delivery sites. Feeding on your nostalgia: Check out the large A and B "super buttons" that come with 8BitDo's NES (Nintendo Entertainment System)-themed mechanical keyboard. More for your Monday: SEC sues Richard Heart and his projects Hex, PulseChain and Pulse X for fraud, securities violations Would-be Twitter rival T2 adds DMs — a feature others, including Threads, don't yet have VC Office Hours: Black Girls Code founder Kimberly Bryant starts a new chapter (TC+) Elon Musk's lawyers accuse nonprofit of colluding with Twitter rivals Tech spending has remained surprisingly stable in 2023 (TC+) Image Credits: Nic Coury/Bloomberg / Getty Images

From the "pod" files Twitter’s rebrand is a go, and we’re blazing our collective glory on today’s episode of Equity. Alex Wilhelm is on the mic with earnings to keep your eye on, as well as why Tiger is getting out of Flipkart, Fidelity earnings that giveth and taketh away, Twitter’s rebrand and how Shein and Temu are fighting it out. Image Credits: Bryce Durbin

Strengthening security in a multi-SaaS cloud environment Managing security across multiple SaaS cloud deployments has an element of risk: A lot can go wrong when using multiple APIs and interfaces to manage data without configuration standards. “To overcome these challenges, automation and detection have become a crucial piece of the puzzle, and you should be asking about these capabilities,” advises Steven Tamm, a technology adviser to Spin.AI and former Salesforce CTO. TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription. Read More Image Credits: luismmolina / Getty Images

Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there's something for everyone at Disrupt. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code DC. Learn more. Read More

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Rewind’s new iPhone app helps you remember the browsing activity you forgot

TechCrunch Newsletter

By Christine Hall Friday, July 28, 2023

Today, you no longer have an excuse to be forgetful . . . if you own an iPhone, that is. The personal data collecting startup Rewind launched an iPhone app to help you remember everything you just browsed on Safari. Sorry, Android users (like myself), you'll have to keep taking those screenshots for now. Read more. Over at AMD, the company is planning some cha-ching in a major way. The chipmaker is poised to invest around $400 million in India over the next five years. Learn what that entails. Meanwhile, if you've traded Twitter (X, whatever) for Bluesky, you're going to need to know how to discover new content over there. Never fear, the platform has you covered with a new personalized, algorithmic feed. Find out more. Next, we're all so eager to meet people and learn new skills. Well, some tech workers in France decided to come together and create a professional development platform for people just as curious. Get the scoop. And dive into the world of patent litigation and what that looks like in 2023. Read more. Image Credits: d3sign / Getty Images

Sending money to your family and friends in another country can be a pain. Fortunately, there are some startups on the case, including Abound, which is being built by a former Hulu executive who feels remittance-related challenges while sending money to India can be solved. Read more. Another notch in the funding bedpost: AngelList expands into private equity with the acquisition of fintech startup Nova. Taking privacy one step further: Apple's App Store tightens up on user privacy with a new set of rules for app developers. Last one out of crypto is a rotten egg: Sequoia Capital is the latest venture capital firm to downsize its crypto investment. (TC+) Speaking of crypto, here's a look at where global funding to web3 is headed. We’d give you a hint, but you don’t need one. (TC+) Gravity on Mars? You’ll want that: GravityLab wants to tackle the artificial gravity problem. Who would have thought the dark web was so . . . dark?: Follow Haje on his journey into the dark web. A 60-minute health exam is closer than you think: HerMD opens new women's health clinics following an $18 million Series A extension. Think you're SAFE?: Oh yeah? Well, what makes you so sure SAFE rounds are founder-friendly? (TC+) Maybe you can't teach an old dog new tricks, but how about a new robot?: That's what Google's DeepMind team is doing. For its part, it highlights a new system for teaching robots novel tasks. Not so fast, you human-verifying device: Worldcoin's official launch triggers swift privacy scrutiny in Europe. Your "Finally it's Friday" story mix: Fan fiction writers rally fandoms against KOSA, the bill purporting to protect kids online Volkswagen's XPeng deal sets example for EV alliance between the West and China A new study found that Facebook's Pages and Groups shape its ideological echo chambers Andy McLoughlin of Uncork Capital on the firm's new funds, succession, and why next year could be a bloodbath (sorry, startups) Image Credits: Image Source / Getty Images

From the "pod" files Today on Equity, Mary Ann and Alex were joined by Kirsten Korosec to dig through the week's headlines, starting with AngelList's acquisition of Nova, Waymo steering toward robotaxis and the latest on interest rates from the Fed. The crew also took a look at earnings for Big Tech and how more LP capital can funnel into diverse venture funds. In this week’s episode of Chain Reaction, Jacquelyn interviewed Deana Burke and Natasha Hoskins, the co-founders of Boys Club. They discussed the origin story for Boys Club, what trends Deana and Natasha are following and how they've seen the industry evolve since launching their group. They also covered: EthCC 2023 vibe check Inclusivity in web3 Diversifying the industry Advice for the crypto newbies Image Credits: Bryce Durbin

Pitch Deck Teardown: Unito's $20M Series B deck Unito, a platform that lets customers manage multiple SaaS apps in one place, announced a $20 million Series B round in October 2022. "Strategically, the path Unito built makes a lot of sense, and I'm not surprised that this narrative resonated with investors," writes Haje Jan Kamps. Cover slide Highlights/summary slide Market context slide Problem slide Solution slide Product slide How it works slide Product evolution slide Growth/traction slide Competition/positioning slide Team slide Summary slide TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription. Read More Image Credits: Unito

Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there's something for everyone at Disrupt. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code DC. Learn more. Read More

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Newest Jobs from Crunchboard Senior Full Stack Developer at Nylon Technology (New York, NY, USA) POLICY & RESEARCH ANALYST EDUCATIONAL EQUITY - Early Childhood at Catalyst California (Los Angeles, CA, USA) Systems Administrator I or II at City of Newport (Newport, OR, USA) Founding Full Stack Engineer at Move AI (Washington, D.C., USA) Founding Product Design Engineer at Move AI (Washington, D.C., USA) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

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Analysts say unknown hackers are spreading malware via Call of Duty online lobbies

TechCrunch Newsletter

By Christine Hall Thursday, July 27, 2023

Today, someone is taking "game on" to the next level. Activision said it had to take Call of Duty offline to investigate how self-spreading malware is infecting the game. Find out more. Next, Android users now see the new X logo. And read what a former Twitter employee had to say about working with Elon Musk. Meanwhile, in Kenya, FarmWorks continues to plant its AI seed in crop production following a $4 million cash infusion. Read more. Then, Upgrade strikes a deal to acquire buy now, pay later startup Uplift for $100 million. Find out why that's such a good deal. And Tesla is being called out for exaggerating the range of its vehicles. Get the scoop. Image Credits: Activision

More top reads While the writers are away, Netflix is going to play. The streaming giant is raising eyebrows after some job openings, including one for an AI product manager role with a salary tag of $900,000 per year, were discovered. Is Netflix screwing over the talent or simply exploring its AI capabilities? You be the judge. Sometimes you want the whole picture: Photoshop's new generative AI feature lets you "uncrop" images. It's time to cut back: Samsung extends its cut in memory chip production and will focus instead on high-end AI chips. Hacked: A U.S. government contractor says MOVEit hackers accessed the health data of some 8 million individuals. "Patently messy": How a $6 billion acquisition deal may spur more IP lawsuits. A glimmer of glamor: GlossGenius raises $28 million to expand its bookings and payments platform for beauty businesses. It's like Venmo, only global: Eco unveils Beam, a P2P crypto transfer service. Canceled delivery: Cash-strapped instant delivery giant Getir, trying to close funding, pulls out of Spain, Italy and Portugal. A surge of energy: EV.energy snags $33 million to help utilities save billions on grid upgrades. (TC+) Get ready for your close-up: WhatsApp now lets you record and share short video messages in chats. Alert!: Android will now warn about unknown Bluetooth trackers, like AirTag, that are traveling with you. More for your Thursday: Bloom Money raises £1M to digitize finance for ethnic communities Reddit is testing its own verification mark and new accessibility features EU opens competition probe of Microsoft bundling Teams with Office 365 Helpful secures $7.5M to launch family caregiver app Flipturn hauls in $4.5M seed funding to help trucking fleets electrify for less (TC+) Image Credits: Frederic J. Brown/AFP / Getty Images

GitLab announces the expansion of its startups program! Sponsored by GitLab for Startups GitLab's startups program supports qualifying startups with external funding. Eligible startups can access our full DevSecOps platform free for the first year, and continue to receive deep discounts in the second year. Sign Up Now

Ask Sophie: Which US visas are best for international founders? Dear Sophie, I am from Georgia but I live in Poland. I created my startup in Delaware a few years ago. To realize it and grow it, I need to move to the U.S. I have a business plan and a market plan, but no immigration plan. What's your advice? Which visa should I apply for? — Global Georgian TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription. Read More Image Credits: Bryce Durbin/TechCrunch

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Newest Jobs from Crunchboard Senior Full Stack Developer at Nylon Technology (New York, NY, USA) POLICY & RESEARCH ANALYST EDUCATIONAL EQUITY - Early Childhood at Catalyst California (Los Angeles, CA, USA) Systems Administrator I or II at City of Newport (Newport, OR, USA) Founding Full Stack Engineer at Move AI (Washington, D.C., USA) Founding Product Design Engineer at Move AI (Washington, D.C., USA) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

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