2 weeks after prolonged system failure, Alibaba CEO takes over firm’s cloud division •

To get a roundup of’s greatest and most essential tales delivered to your inbox daily at 3 p.m. PDT, subscribe right here.

We’re virtually there, of us. It’s the final Thursday of 2022, and right now now we have some information for you out of Alibaba and Spotify, in addition to some crypto information out of India. And as at all times, we offer you some goodness from TC+, our premium membership program. Learn on, pricey readers, and we’ll be again once more tomorrow to deliver you the ultimate moments of 2022 in tech. — HP

The High 3

  • Alibaba’s cloud transfer: Alibaba Cloud has a brand new president, Rita reviews. The third-largest public cloud infrastructure supplier on the planet solely after AWS and Microsoft has appointed Daniel Zhang, the corporate’s CEO, as performing president.
  • Ring it in with Spotify: Aisha writes that the platform desires that will help you welcome 2023 in model with what it thinks you would possibly get pleasure from. Such playlists as “Celebration Hits,” “Ground Fillers,” “Pop Celebration” and “Rock Celebration” will usher you as much as and previous midnight. The hub additionally provides you some DJ mixes from the likes of TT the Artist, Carlita, AMÉMÉ, Coco & Breezy, &ME and Austin Millz. Get down!
  • Indian crypto regulation: Below its G20 presidency, India has stated it would look to prioritize the event of a framework for the worldwide regulation of unbacked crypto belongings, stablecoins and decentralized finance, writes Manish.

Startups and VC

  • Recall this: Catherine writes that raised $2.7 million in a seed funding spherical to assist with a unified API that works with Zoom, Google Meet and Microsoft Groups to assist prospects construct apps for quite a lot of use circumstances.
  • Down rounds: Mary Ann spoke with GGV’s Hans Tung and Robin Li in regards to the agency’s place in a difficult enterprise atmosphere. (Requires TC+ subscription.)

Redefining ‘founder-friendly’ capital within the post-FTX period

Chocolate money coins stacked on white

Picture Credit: stockcam (opens in a brand new window) / Getty Photos

May the FTX debacle have been averted if buyers had taken a extra energetic curiosity within the firm’s operations?

Given the chilly local weather for late-stage fundraising and widespread financial uncertainty, “it’s time for the startup neighborhood to redefine what ‘founder-friendly’ capital means and stability each the supply and value of that capital,” writes Blair Silverberg, co-founder and CEO of Hum Capital.

In a TC+ visitor publish, he weighs the relative advantages of energetic versus passive buyers, breaks down the fundamentals of debt startup financing, and shares recommendation “for founders searching for a greater stability of capital and exterior experience for his or her companies.” is our membership program that helps founders and startup groups get forward of the pack. You possibly can enroll right here. Use code “DC” for a 15% low cost on an annual subscription!

Wanting again and looking out forward

We rounded up the very best of our TC+ protection from the roller-coaster yr in crypto. Not sufficient? Jacquie supplied us with a pair further in an effort to squeeze extra pulp out of the crypto juice:

Ron took a have a look at the non-public fairness that dominated the highest 10 enterprise M&A offers this yr. The offers totaled practically $154 billion. (Requires TC+ subscription.)

Rebecca has some concepts about what’s in retailer for the micromobility market in 2023 — after what she stated was a “tumultuous” yr.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button