Published On: Wed, Jul 7th, 2021

Didi gets strike by Chinese government, and Pleo raises $150M

Hello and acquire behind to Equity, TechCrunch’s venture-capital-focused podcast where we empty a numbers behind a headlines.

This is Equity Monday Tuesday, a weekly kickoff that marks a latest private marketplace news, talks about a entrance week, digs into some new appropriation rounds and mulls over a incomparable thesis or account from a private markets. You can follow a uncover on Twitter here and myself here.

What a bustling weekend we missed while mostly conference apart explosions and hugging a dogs close. Here’s a sampling of what we attempted to summation on a show:

  • Didi vs. China: The Chinese government’s crackdown on Didi continued over a weekend, after announcing a cybersecurity examination of a association on Friday. That preference blocked new user signups. Now Didi has had a app private from impending app marketplaces. That’s going to strike revenue. Shares of a association are neatly reduce in pre-marketing trade here in a United States. The association went open final week.
  • Twitter vs. India: India’s attempts to cow Twitter into not enacting a possess calm mediation policies continues. Now India has taken divided authorised protections from a obvious American company. It’s not good news for India’s flourishing record zone or a investors subsidy a upstarts.
  • Funding rounds: Lots of companies lifted money, including Byrd, with $19 million in a Series B, Pleo with a outrageous $150 million unicorn round, and Obviously AI, that only extended a seed round.

It’s going to be a bustling week! Chat tomorrow.

 

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