2 weeks after extended system failure, Alibaba CEO takes over company’s cloud division • TechCrunch

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We’re almost there, folks. It’s the last Thursday of 2022 and today we have Alibaba and Spotify news for you as well as cryptocurrency news outside India. And as always, we’re giving you some goodies from TC+, our premium membership program. Read on, dear readers, and we’ll be back tomorrow to bring you the latest tech highlights of 2022. – HP

TechCrunch Top 3

  • Alibaba cloud moveAlibaba Cloud has a new boss. Rita reports. The world’s third-largest provider of public cloud infrastructure behind only AWS and Microsoft has appointed CEO Daniel Zhang as interim chief.
  • Contact Spotify: Aisha It writes that the platform wants to help you welcome 2023 in a style it thinks you might enjoy. Playlists like ‘Party Hits’, ‘Floor Fillers’, ‘Pop Party’ and ‘Rock Party’ will see you through to midnight and beyond. The hub also gives you DJ mixes from the likes of TT the Artist, Carlita, AMÉMÉ, Coco & Breezy, &ME and Austin Millz. come down!
  • India’s Digital Currencies RegulationsIndia writes: Under its G20 presidency, India has said it will seek to develop a framework for global regulation of unbacked cryptoassets, stablecoins and decentralized finance. Manish.
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Startups and VC

  • Remember this: Catherine Recall.ai raised $2.7 million in a seed funding round to help build an integrated API that works with Zoom, Google Meet, and Microsoft Teams to help customers build apps for a number of use cases. make
  • round down: Mary Ann spoke with GGV’s Hans Tung and Robin Lee about the company’s position in a challenging investment environment. (Requires TC+ subscription.)
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Redefining “founder-friendly” capital in the post-FTX era

Chocolate money coins stacked on white

Image credit: low stock (opens in a new window) / Getty Images

Could the failure of FTX have been prevented if investors had taken a more active interest in the company’s activities?

Given the chilly climate for late-stage fundraising and widespread economic uncertainty, “it’s time for the startup community to redefine the meaning of ‘founder-friendly’ capital,” writes co-founder Blair Silverberg. The source and cost of that capital balance, and the CEO of Hum Capital.

In a TC+ guest post, he evaluates the relative merits of active versus passive investors, explains the basics of debt financing for startups, and shares advice for founders seeking a better balance of capital and outside expertise for their business. .

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TechCrunch+ It’s our membership program that helps founders and startup teams get ahead of the curve. You can register here. Use code “DC” for 15% off annual subscription!

Looking back and looking forward

We rounded up our best TC+ coverage from the rollercoaster year in crypto. Not enough? Jacqui To get more pulp out of the crypto juice, he gave us a few extras:

thigh Here’s a look at the private equity that dominated this year’s top 10 corporate M&A deals. These transactions totaled nearly $154 billion. (Requires TC+ subscription.)

Rebecca has some ideas about what’s in store for the micromobility market in 2023 – after what he says has been a “tumultuous” year.


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