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Back in 2018, Pinduoduo sent shock waves through the investor community when it raised $1.6 billion from a Nasdaq listing as a three-year-old company. Online shoppers in China were excited to see its rise as an alternative to longtime market dominators Alibaba and JD.com. But the startup founded by

Yet more trouble brewing for Facebook: Australia’s Competition and Consumer Commission (ACCC) is suing the tech giant over its use, in 2016 and 2017, of the Onavo VPN app to spy on users for commercial purposes. The ACCC’s case accuses Facebook of false, misleading or deceptive conduct

Facebook is working to bring back the Instagram Lite app, months after it shut down the light version offering worldwide. The social conglomerate said on Wednesday that it is testing the revamped Instagram Lite app in India, where it hopes to “gain valuable insights” about the new offering befo

"attachment_2087821" aria-describedby="" style="width: 1024px">Logistics startup co-founder and chief executive officer Crystal Pang. Image: Pickupp Logistics is one of the biggest challenges in e-commerce, especially for smaller merchants. Pickupp helps them compete in the on-demand economy with fl

MessageBird, the omnichannel cloud communications platform recently valued at $3 billion following a Series C round in October, has acquired London-based real-time web technologies company Pusher. The acquisition price is $35 million, and sees Pusher co-founder and CEO Max Williams and the 25-perso

In the midst of a major second wave of coronavirus infections across Europe, an Estonian startup that’s building an on-demand network to move food and people around in cars, on scooters and (most recently) on bikes across developed and emerging markets in EMEA is announcing a major round of f

You might not know of XYZ Venture Capital, a four-year-old, San Francisco-based seed-stage venture firm, but many veterans of Palantir are surely aware of it. XYZ says it has already backed 22 startups whose founders came out of the data analysis company, including, most notably, Anduril, Palmer Lu

Just six month after raising its first bit of outside funding, ClickUp has closed $100 million in new funding and reached a $1 billion valuation, a report in Bloomberg first reported. The company has seen plenty of growth in the past several months to justify that new unicorn status, including doub

Fintech startup Revolut is tweaking its subscription plans with a new mid-tier offering called Revolut Plus — it costs £2.99 per month. Like N26 Smart and Monzo Plus, the new plan is a pandemic-proof package that doesn't focus as much on travel. For the past couple of years, challenger banks

When Ifeoma Ozoma and Aerica Shimizu Banks, formerly of Pinterest’s policy team, alleged racial and gender discrimination at Pinterest in June, the hope was for Pinterest to make them whole and address its culture of alleged discrimination, Ozoma told technewss. But that’s not what hap

Periscope is shutting down, Samsung has plans for more foldable devices and Airbnb sets new diversity goals. This is your Daily Crunch for December 15, 2020. The big story: Goodbye, Periscope It’s official: Twitter-owned live-streaming app Periscope is shutting down by March o

Nine months into the pandemic, one of the first states to institute a shut down is back at square one. Following a major spike in COVID-19 cases, California governor Gavin Newsom reinstituted major closures across the state, leaving many residents in search of new avenues to acquire essentials with

Rocket launch startup Astra has joined an elite group of companies that can say their vehicle has actually made it to orbital space — earlier than expected. The company’s Rocket 3.2 test rocket (yes, it’s a rocket called “Rocket”) passed the Karman line, the separation

While it doesn’t appear to be completely down like it was yesterday morning, we’re hearing many reports from Gmail users that the email service is having major issues right now. Some users are reporting that Gmail is particularly slow, while others are reporting constant error messages.