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Rocket Internet’s Caterwings acquires German business catering marketplace Lemoncat

Caterwings, the Rocket Internet-founded corporate catering marketplace that operates in eight countries, has acquired German competitor Lemoncat. Terms remain undisclosed, although I understand from a

Facebook denies making contradictory claims on Cambridge Analytica and other ‘sketchy’ apps

Facebook has denied contradicting itself in evidence presented to the U.K. parliament and a U.S. public prosecutor. Last month the Department for Digital, Culture, Media and Sport (DCMS) committee wro

WeChat Pay and Alipay partner QFPay raises $20 million to develop new digital payment solutions

Digital payments startup QFPay announced today that it has raised $20 million in new funding led by returning investors Sequoia Capital China and Matrix Partners. MDI Ventures (the investment arm of s

China’s largest Q&A platform, Zhihu, raises $434 million from investors including Kuaishou, Baidu and Tencent

Zhihu, the largest question and answer platform in China, has raised a $434 million Series F. This is not only the company’s biggest round since it launched in 2011, but also one of the largest secu

Porsche packs the power into its newest Cayenne plug-in hybrids

Porsche is upping its plug-in hybrid game with several new vehicles added to its lineup, including a power-packing 2020 Cayenne Turbo S E-Hybrid. The plug-in version of this flagship SUV combines a 14

Automattic’s bargain-bin Tumblr deal plugs right into the WordPress business model

Tumblr has been an millstone around the neck of its owners, first Yahoo and later Oath and Verizon Media, pretty much since it was acquired in 2013. They never found an answer to the question that new

How lawyers help bring your acquisition deal to fruition

Last week when Salesforce announced it was buying ClickSoftware for $1.35 billion you might not have realized it, but the law firm Shearman & Sterling was advising Salesforce throughout the deal.

Blade raises $4.3M from Coinbase, SV Angel to reshape cryptocurrency derivatives trading

Exchanges like Coinbase have ballooned in size by taking the mechanics of equity markets and fitting them to cryptocurrency markets, but as the space expands in its scope and craftiness, new exchanges

Verizon is selling Tumblr to WordPress.com parent, Automattic

Six years after Yahoo purchased Tumblr for north of $1 billion, its parent corporation is selling the once-dominant blogging platform. WordPress owner Automattic Inc. has agreed to take the service of

This hacker’s iPhone charging cable can hijack your computer

Most people don’t think twice about picking up a phone charging cable and plugging it in. But one hacker’s project wants to change that and raise awareness of the dangers of potentially ma

Nio electric vehicles sales took a hit as it scrambled to handle battery recall

Nio delivered just 837 electric vehicles in July, a nearly 38% drop from the previous month that was largely caused by a voluntary recall of its high-performance ES8 SUV. The Chinese automotive startu

Daily Crunch: Twitter tests reply subscriptions

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe her

PopBase launches its platform for social media stars to share and monetize their work

It’s been almost a year since PopBase first launched on the Battlefield Stage at TechCrunch Disrupt SF 2018. In the ensuing months the company has been working hard to sign up influencers and ge

How young VCs bootstrap new venture firms

We spend a lot of time talking about new funds, and new startup venture raises, but we spend little time talking about the cash flow challenges of running a venture fund. Let’s change that today. St

London edtech startup pi-top sees layoffs after major contract loss

London-based edtech startup pi-top has cut a number of staff, TechCrunch has learned. According to our sources, the company has reduced its headcount in recent weeks, with staff being told cuts are a

Venmo launches instant transfers to bank accounts

PayPal -owned payments app Venmo today announced support for instant transfers to U.S. bank accounts. The feature is an optional alternative to Venmo’s standard bank transfer service, which typi

Postmates to drop IPO filing next month

Postmates is gearing up to makes its S-1 public in September, TechCrunch has learned

Polarity raises $8.1M for its AI software that constantly analyzes employee screens and highlights key info

Reference docs and spreadsheets seemingly make the world go ’round, but what if employees could just close those tabs for good without losing that knowledge? One startup is taking on that compli

Huawei’s new OS isn’t an Android replacement… yet

If making an Android alternative was easy, we’d have a lot more of them. Huawei’s HarmonyOS won’t be replacing the mobile operating system for the company anytime soon, and Huawei has made i

SpaceX, Blue Origin, ULA and Northrop Grumman bid for US national security launch contract

The U.S. Air Force is looking to lock in its launch providers for national security satellite missions to take place between 2022 and 2026, and the bids for this so-called “Phase 2” procur
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