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July 18, 2022, 6:45 AM
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Mediagazer
memeorandum
WeSmirchTop News
| Moneycontrol: |
Report: in emails sent to three creators, Coinbase says it is “temporarily shutting down” its US affiliate program on July 19 and plans to relaunch it in 2023 — According to a Business Insider article, cryptocurrency exchange Coinbase will “temporarily shut down” its US affiliate-marketing programme on July 19.| Financial Times: |
Chinese grocery delivery firm Missfresh, which had raised $1B+ in VC funding from Tiger, Goldman, others, falls in market cap on Nasdaq from $3B in 2021 to $88M — Chinese grocery delivery group valued at $3bn a year ago is now worth just $88mn — Tiger Global-backed grocery delivery start …
More:
Produce Report, GlobeNewswire News Room, Business Wire, Market Munch, and Pandaily
Tweets: @muradahmed, @carnage4life, and @donweinland
| Nathan Grayson / Washington Post: |
A look at YouTube's strategy, started in 2019, of signing Twitch streamers with a network of creators that can simulate community and build its own game culture — Listen — Gift Article — Where once the departure of Twitch stars for YouTube Gaming elicited shock and awe … | Wall Street Journal: |
Adam Neumann's Flowcarbon and some other startups offering cryptocurrencies backed by carbon-offset credits have slowed product rollouts amid the crypto crash — Investors rushed to startups offering cryptocurrencies backed by carbon-offset credits, then the markets tanked| Karen Hao / Wall Street Journal: |
Researchers say Alibaba's cloud platform that hosted Shanghai's now-leaked police database used outdated systems that didn't offer the ability to set a password — Cybersecurity companies say Alibaba's cloud platform that hosted Shanghai's police database used outdated systems that didn't offer ability to set a password
More:
TechRadar, The Register, Bloomberg, Reuters, Nikkei Asia, Bloomberg, Bloomberg, Bloomberg, iTnews, and Barron's Online
Tweets: @sofiahcbbg, @joshchin, and @_karenhao
| Kyle Wiggers / TechCrunch: |
Sydney-based Hivery, whose software helps retailers select the right mix of products to stock on store shelves, has raised a $30M Series B led by Tiger Global — Hivery, a startup that bills itself as an “optimization platform” for retailers, today announced that it raised $30 million …
More:
Business Wire, Digital Nation, and PitchBook
| Nikkei Asia: |
Tracxn: ~$8.5B in VC funding was raised by Indian education startups from 2014 to 2021, with about half of that in 2021 alone, as they vie for US marketshare — Grab for market share takes on extra urgency as valuation woes and job cuts bite — AKITO TANAKA, Nikkei Asia chief business news correspondent … | Mark Bergen / Bloomberg: |
Seattle-based Phaidra, whose AI software automates building controls for industrial facilities like power plants, raised a $25M Series A led by Starshot Capital — Industrial production is one of the dirtiest corners of the corporate world. A startup from former Google engineers thinks … | Sabah Gurmat / Rest of World: |
An app for India's largest public employment program is jeopardizing the livelihood of 82M+ due to technical glitches, an English-only UI, and poor connectivity — Poor connectivity and an English-only interface make the app unusable for many who rely on the Mahatma Gandhi National Rural Employment Guarantee Act.
Tweets: @restofworld, @vickiturk, @restofworld, @restofworld, and @_sabahgurmat
| Christopher Mims / Wall Street Journal: |
MakeMyMove: at least 71 US cities and towns now offer cash grants and other perks to attract remote workers, mostly in tech, up from at least 24 in October 2021 — Incentives are drawing high-paid tech workers, and challenging how we think about local economic development
More:
Slashdot. Tweets: @wsj, @hunterwalk, @tunguz, @adamkovac, @folletto, @philsimon, and @adamkovac
| Arielle Pardes / Wired: |
Rapid delivery startups, which surged during the pandemic, have either retreated from some cities or shut down after struggling to make the economics work — Companies that promise groceries delivered in 15 minutes surged during the pandemic—but are now in retreat.| Yaling Jiang / South China Morning Post: |
Despite China's scrutiny of online credit, smaller services have spread; iResearch: the microlending penetration rate grew from 0.4% in 2014 to 69.2% in 2021 — Trams and cast-iron postboxes speak to the history of the city, while delicacies such as fishballs and egg waffles are street food essentials …
Tweets: @chinabeigebook and @michaelxpettis
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