Daily Crunch: 2 weeks after extended system failure, Alibaba CEO takes over company’s cloud division

Daily Crunch: 2 weeks after extended system failure, Alibaba CEO takes over company’s cloud division

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We are almost there, folks. Today is the last Thursday in 2022. We have some news from Alibaba and Spotify as well as some crypto news from India. As always, we bring you some goodness from TC our premium membership program. Keep reading, dear readers. Tomorrow we’ll be back to bring you the last moments of 2022 tech. — HP

TechCrunch Top 3

  • Alibaba’s cloud move: Alibaba Cloud has a new president Rita reports. Daniel Zhang, the company’s CEO, has been appointed acting president of the third-largest global public cloud infrastructure provider, after AWS and Microsoft.
  • Spotify – Ring it in: Aisha The platform claims that it wants to help you celebrate 2023 in style by suggesting what you might like. You can enjoy playlists like “Party Hits”, “Floor Fillers”, “Rock Party”, and “Rock Party” until midnight. You can also find DJ mixes from TT the Artist and Carlita, AMEME. Coco & Breezy. &ME. Get down!
  • Indian crypto regulationIndia, under its G20 presidency, has stated that it will prioritize the development of a global framework for the regulation of unbacked crypto assets and stablecoins, as well as decentralized finance. Manish.

Startups and VC

  • This is what you should remember: Catherine Recall.ai has raised $2.7 million in seed funding to help build a unified API that integrates with Zoom, Google Meet, and Microsoft Teams. This will allow customers to create apps for a variety of use cases.
  • Down rounds: Mary Ann Robin Li and Hans Tung, GGV’s vice presidents, spoke to us about their firm’s position in a highly competitive venture environment. (Requires TC subscription.)

In the post-FTX era, defining “founder-friendly” capital

If investors had taken a greater interest in the company’s operations, could the FTX disaster have been avoided?

Given the current economic uncertainty and the cold climate for late-stage fundraising, it’s time for the startup world to redefine “founder-friendly” capital and balance both the cost and source of capital, writes Blair Silverberg, cofounder and CEO of Hum Capital.

He weighs the relative advantages of passive and active investors, breaks down the basics behind debt startup financing, shares advice for founders looking for a better balance between capital and external expertise, and writes a guest post on TC .

TechCrunch Our membership program helps founders and startups get ahead of the game. Register here. For a 15% discount on your annual subscription, use code “DC”

Looking ahead and looking back

We All the details are here The best of our TC coverage during the wild year in crypto. Too little? Jacquie We were able to extract more of the crypto juice by adding a few more.

Ron We took a look at The top 10 M&A deals in enterprise were dominated by private equity This year. The deals reached nearly $154 billion. (Requires TC subscription.)

Rebecca These are some ideas to help you get started. What is the future of micromobility in 2023? After what she called a “tumultuous year”.

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