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Citing regulatory restrictions, Microsoft shuts down LinkedIn in China – TechCrunch

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Hello and welcome to Daily Crunch for October 14, 2021. It’s Thursday, which means the news cycle has spent the day trying to burn itself out before Friday turns into a weekend. Hope this was successful; we have a lot to do!

Before we start, our space event offers discounts for the next day or so, and our SaaS confab is getting closer! – Alexis

The Top 3 TechCrunch

  • Microsoft to remove LinkedIn from China: Microsoft has made waves in technology, regulatory and international fields today by announcing the possible end of its LinkedIn service in China. The company had previously made some profiles unavailable in the country due to regulatory pressure. It was a shitty sandwich for the American tech company to handle – if it didn’t do what the CCP demanded in the country, it could hurt its business in other ways, and people in other markets could damage its business. didn’t like that she bowed to state censorship. . Microsoft’s choice could prove to be a key moment in the long saga of China’s digital decoupling from the rest of the world.
  • GitLab IPO prices soar sharply: After increasing its IPO price range, the DevOps unicorn was listed above that range at $ 77 per share. Then it hit over $ 90 on its first day of trading. We have take out, beyond the obvious damn it answer you have right now. No one knows what something is worth!
  • The exceptional 3rd quarter of the Indian startup market: As venture capital results prove to be strong globally in the third quarter, India may have released the most impressive data set of any country in the three-month period. TechCrunch dug into the data with the help of a few investors to determine how long the party can go on.

Startups / VC

We have more information on startups today than you can tell.

For starters, TechCrunch has data on the cannabis startup market. You could say it sparks, takes off, or just ignites more. Startups that build weed-focused businesses are floating in a wave of blissful capital, likely offering more than a small dose of relaxation. Now is a good time to sell emotional resets in herbal form.

  • Outschool proves that American edtech is not dead: With more kids back in school than at the end of the last school year, you’d be forgiven for expecting less venture capital investment in edtech startups. But a new $ 110 million round values ​​the Outschool educational enrichment unicorn at $ 3 billion.
  • Take me to space, great balloon company: It’s not just rockets that will offer travel to the lower regions of space, if Space Perspective is successful. The ball the company just raised $ 40 million for its work. He may have thefts – soaring? – in 2024, where you’ll find me online with all the $ 74 I have, hoping to get a ticket.
  • Regehr Solar wants to reduce the cost of ready-to-use solar panels: Sticking to the space theme for a moment, here’s a good one. Regher Solar thinks that we will be sending a lot of satellites into space in the years to come, which is correct. And he thinks the lower costs of the goods for this job would be popular. Again, correct. What we’ll have to see is whether its solar technology fits perfectly into the two facts.
  • Zeus Living raises $ 55 million, doubles mid-term stays: Stepping away from her original corporate focus, Zeus now wants to enable all kinds of people to book longer stays in the accommodations she has prepared for clients. So now Zeus is akin to a long Airbnb? May be. Let’s see how it competes with the national giant.
  • raises $ 11 million against $ 2.4 million in ARR: Translating that for you, startup, which uses GPT-3 to help people write, has raised an $ 11 million funding round thanks to its $ 2.4 million in annual recurring revenue, or ARR. . The startup now has 13 employees.
  • The parent company of our parent company just gave Bird access to its (our?) Money: The scooter company Bird, which approaches public markets through a SPAC – something that new capital depends on – has raised a larger credit facility with Apollo. Its $ 40 million line will be worth $ 150 million after its IPO.

There’s more, a lot more: Tala just raised $ 145 million to expand its lending service to more markets. Evolution Equity Partners has just raised $ 400 million to invest. AI-driven business assistant Karma just raised a $ 25 million Series A. And German Mayd has just raised a wad of big bills to speed up the delivery of drugs to Europe.

Smart growth tactics can bring account-based marketing to startups and small businesses

Account-based marketing makes it easy to engage with key customers at the right time, but for many start-ups who are desperate to get up to speed, ABM is not seen as a necessity.

“This couldn’t be further from the truth, and startups and SMEs can and should invest in ABM strategies,” advises Jonas van de Poel, content marketing manager at Unmuted, an Amsterdam-based growth agency.

In an article that provides a detailed overview, van de Poel identifies “distinguishing features” for companies that should consider ABM strategies, as well as specific recommendations for implementation.

“With a handful of smart growth tactics and smart tools, ABM strategies don’t need to break the bank to be successful,” he writes.

(TechCrunch + is our membership program, which helps startup founders and teams move forward. You can register here.)

(TechCrunch + is our membership program, which helps startup founders and teams move forward. You can register here.)

Big Tech Inc.

  • Tinder wants to help you avoid going without a date at this wedding: In what I can only see as a sign that vaccines are sifting COVID to the point that weddings are back in full force, Tinder has a new feature coming up that will help you land a date. Because it won’t be awkward or heavy at all.
  • Roblox targets sophisticated avatars, NFTs: Any game company that allows customization of the user’s avatar will at some point offer NFTs. There is probably too much potential money to be made in the market. Roblox is getting into the game, he told TechCrunch, and is working on its overall graphics setup.
  • WhatsApp deploys encrypted chat backups: On the pace of privacy today, good news from WhatsApp, which “begins to deploy a new feature that will offer its two billion users the ability to encrypt the backup of their chat history in iCloud or Google Drive.” This fixes a key flaw ready for government exploitation, writes TechCrunch.
  • And in less good news, Twitter can show us more ads now.

TechCrunch Experts

Citing regulatory restrictions, Microsoft shuts down LinkedIn in China – TechCrunch

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Testimony: “They helped us out tremendously – a not-so-great development team in Europe built our site with no documentation and a lot of shoddy code, but Solwey was able to come and sort everything. Not to mention our e-comm site is built on a system. CMS x Shopify Headless Payment System Solwey was one of the only teams that could step in and really get things done without almost any major delay due to tech debt.