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Sunday, July 25, 2021

Chinese chip manufacturer Tsinghua Unigroup, which is saddled with ~$30.8B in liabilities, is seeking a huge bailout from investors amid bankruptcy proceedings (Che Pan/South China Morning Post)

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Saturday, July 24, 2021

A look at FTX, Binance, BitMEX, and their once North America-based founders, who run exchanges for highly-leveraged crypto derivatives trading outside the US (New York Times)

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Mobile game publisher Jam City is no longer going public via a SPAC merger, announced in May, that would have valued the company at $1.2B (Bloomberg)

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Paystone, which provides service-based businesses with payments and customer engagement tech, raises $23.8M, bringing its total funds raised in 2021 to $78.8M (Christine Hall/TechCrunch)

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AuthenticID, which offers AI-based identity proofing and verification to help businesses fight fraud, raises $100M from Long Ridge Equity Partners (Omar Faridi/Crowdfund Insider)

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Canadian auto parts supplier Magna has agreed to buy Veoneer, which develops advanced driver-assistance systems for autonomous vehicles, for $3.8B in cash (Bloomberg)

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Lev, which wants to automate commercial real estate financing, raises $30M Series A at a $130M valuation, after raising a $10M seed round four months ago (Christine Hall/TechCrunch)

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A look at the presence of crypto in hip-hop culture, beginning as early as 2013, including meme songs, rapper Nas's Coinbase investment, and illicit ICOs (Ashwin Rodrigues/VICE)

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Data from Venture Intelligence shows Indian social commerce startups have raised $554M so far this year, up 7x from all of 2020 (Apoorva Mittal/The Economic Times)

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WhatsApp CEO says they had recorded an attack against 1,400 users over a two-week period in 2019, casting doubts on NSO defenses in a Pegasus investigation (Stephanie Kirchgaessner/The Guardian)

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Sendlane, which helps e-commerce companies automate email and SMS marketing, raises $20M Series A; CEO says Sendlane, which is seeing $7M+ in ARR, is profitable (Christine Hall/TechCrunch)

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