After two weeks of extended system failure, Alibaba CEO takes over company’s cloud division • TechCrunch

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We’re almost done. It’s the last day of 2022 and we have some news from Alibaba & Spotify as well as some cryptocurrency news coming from India. As always, we bring you some goodness via TC+, our premium membership program. Keep reading, dear readers. Tomorrow we’ll be back to bring you the last moments of 2022 tech. – HP

Top Techcrunch 3

  • Alibaba cloud move: Alibaba Cloud New Chairman, Rita reports. Daniel Chang, the company’s CEO, has been appointed acting president of the third largest provider for public cloud infrastructure in the globe, just after AWS, Microsoft, and Microsoft.
  • Connect it with Spotify: ayishahHe wrote that the platform wanted to help you celebrate 2023 in style by suggesting what you might like. Playlists such as “Party Hits”, “Floor Fillers,” “Pop Party,” or “Rock Party” will keep you going until the early hours. The center also gives you some DJ mixes from the likes of TT the Artist, Carlita, AMÉMÉ, Coco & Breezy, &ME and Austin Millz. get down!
  • Indian cryptographic regulationHe writes that India, under its G20 presidency, stated it would prioritize the development of a global framework for regulation of unbacked cryptoassets, stablecoins, and decentralized finance. Manly… masculine.

Startups and VC

  • mention this: CatherineHe reports that raised $2.7million in a seed financing round to help build a unified API which works with Zoom, Google Meet, and Microsoft Teams to assist customers in building apps for a variety of use cases.
  • Down rounds: Mary AnnHans Tung and Robin Li from GGV spoke to me about their company’s position in a difficult project environment. (Requires a subscription to TC+.)

Redefining “Founder Friendly” Capital in the Post-FTX Era

Credits for the image: stockcam (opens in a new window)Getty Images

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

Given the chilly climate of late-stage fundraising and widespread economic uncertainty, co-founder Blair Silverberg writes: “It is time for the startup community to redefine what “founder-friendly” capital means and balance both the source and cost of capital. Hum Capital’s CEO.

In a TC+ guest blog, he weighs active versus passive investors and explains the basics of financing debt startups. He also shares tips for founders who want to achieve a better mix of capital and outside experts for their business.

Techcrunch +It is our membership programme that helps founders get ahead of the rest. You can register here. Get 15% off your annual subscription by using the code “DC”.

Looking forward and looking back

We ApproximatelyOur top TC+ coverage from the crypto rollercoaster year. Too little? JackieFor more pulp from your crypto juice, please give us a couple of extras:

RonTake a look at Private equity dominated the top 10 corporate mergers and acquisitionsThis year. The deals reached nearly $154 billion. (Requires a subscription to TC+.)

RebeccaHe has some thoughts. What’s in store for the micro mobility market in 2023She said it was a “turbulent year”.

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