Shein jumps on the third-party brandwagon with Alibaba veteran

December 2, 2022

Shein, the ultra-fast fashion giant that’s taken the globe by storm, has brought on another heavyweight executive to help steer its ship. It lately onboarded Jessica Liu, former co-president at the Southeast Asian ecommerce giant Lazada, as its vice president of global brand operations. Liu will be responsible for “global brand partnerships,” according to Shein’s […]

Shein jumps on the third-party brandwagon with Alibaba veteran by Rita Liao originally published on TechCrunch

Twitter-backed ShareChat to shut down fantasy sports app Jeet11, eliminate some jobs

December 2, 2022

Indian social media startup ShareChat, backed by Twitter, Tiger Global and Temasek, is shutting down its fantasy sports platform Jeet11 and has laid off some employees. People familiar with the matter told TechCrunch that the startup sent an email to its affected employees last month. The platform was operational at the time of writing. ShareChat […]

Twitter-backed ShareChat to shut down fantasy sports app Jeet11, eliminate some jobs by Jagmeet Singh originally published on TechCrunch

Kenya’s Uncover raises $1M to expand skincare product enterprise across Africa

December 2, 2022

Africa’s beauty and personal care market is growing accelerated by its growing young and fashion conscious population, increasing spending power, and urbanization. The market’s potential has in recent years attracted major brands, with Fenty Beauty by Rihanna and LVMH being the latest entrants. Niche local brands are also emerging to offer tailored beauty and skin […]

Kenya’s Uncover raises $1M to expand skincare product enterprise across Africa by Annie Njanja originally published on TechCrunch

Mozilla acquires Active Replica to build on its metaverse vision

December 2, 2022

An automated status updater for Slack isn’t the only thing Mozilla acquired this week. On Wednesday, the company announced that it snatched up Active Replica, a Vancouver-based startup developing a “web-based metaverse.” According to Mozilla SVP Imo Udom, Active Replica will support Mozilla’s ongoing work with Hubs, the latter’s VR chatroom service and open source […]

Mozilla acquires Active Replica to build on its metaverse vision by Kyle Wiggers originally published on TechCrunch

Elon Musk suspends Kanye West’s account for breaking Twitter rules

December 2, 2022

Elon Musk has suspended Kanye West’s (aka Ye) Twitter account after the latter posted anti-semantic tweets and violated the platform’s rules. Just clarifying that his account is being suspended for incitement to violence, not an unflattering pic of me being hosed by Ari. Frankly, I found those pics to be helpful motivation to lose weight! […]

Elon Musk suspends Kanye West’s account for breaking Twitter rules by Ivan Mehta originally published on TechCrunch

Tesla reveals long-awaited Semi Truck and begins first deliveries

December 2, 2022

Tesla delivered Thursday evening the first production versions of its long-delayed electric semi truck five years after CEO Elon Musk revealed the commercial vehicle. The first Tesla Semi trucks were handed over to Pepsi at an event at the company gigafactory in Sparks, Nevada. Pepsi placed an order for 100 trucks back in December 2017, when […]

Tesla reveals long-awaited Semi Truck and begins first deliveries by Rebecca Bellan originally published on TechCrunch

This secondary market pro thinks we haven’t hit bottom, but he sees price drops slowing

December 2, 2022

Earlier today, we talked with Phil Haslett, the cofounder and now chief strategy officer of EquityZen, a 10-year-old, New York-based secondary marketplace that connects accredited buyers with privately held company shares that their owners — including founders, employees, and VCs — are looking to sell. It’s a tough business to be running right now, competing […]

This secondary market pro thinks we haven’t hit bottom, but he sees price drops slowing by Connie Loizos originally published on TechCrunch

Boundary Layer pivots from container ships to hydrofoiling personal watercraft

December 2, 2022

Boundary Layer, which was gunning for local air freight, and announced a slew of launch partners earlier this year, today announced a shift in strategy, with some high-performance foiling personal watercraft. Think low-flying SeaDoo, and you’ve got the right idea. The new product is called Valo, and will be able to carry a couple of […]

Boundary Layer pivots from container ships to hydrofoiling personal watercraft by Haje Jan Kamps originally published on TechCrunch