Forbidden Chinese apps are gradually disappearing from Indian app stores, Palantir is collecting more money and Venmo is starting to test business profiles.
Here is your daily crisis for July 2nd, 2020.
1. Apple and Google block dozens of Chinese apps in India
Two days after India blocked 59 apps developed by Chinese companies, Google and Apple have started to comply with government regulations and prevent users from accessing these apps in the world’s second largest Internet market.
UC Browser, Shareit, Club Factory and other apps are no longer listed in Apple’s App Store and Google Play Store. In a statement, a Google spokesman said that the company “temporarily blocked” access to the apps on the Google Play Store when it checked the order.
2. The SEC filing indicates that big data provider Palantir is collecting $ 961 million, of which $ 550 million is already secured
Palantir, the controversial and mysterious provider of big data and analytics, has reportedly been considering a public listing this fall. In the meantime, however, it is also driving private markets forward.
3. Venmo starts piloting “Business Profiles” for retailers
Business profiles offer small sellers and other sole traders the opportunity to have a more professional profile page on their platform. Sellers can share important business details like address, phone number, email, website, and more.
4. Tesla delivered 90,650 vehicles in the second quarter, less than expected
Tesla announced on Thursday that 90,650 vehicles were delivered in the second quarter. This corresponds to a decrease of 4.8% compared to the same period in the previous year. This is due to the challenges posed by the COVID 19 pandemic – for example, the week-long cessation of production at its main US plant. Despite the headwind, the company was able to exceed expectations.
5. Top LA investors discuss the city’s prospects after COVID-19
From major fund investors like Mark Suster and Kara Nortman at Upfront Ventures to Dana Settle at Greycroft Partners; to early stage investors like Will Hsu from Mucker Capital; Fika Ventures’ TX Zhuo was generally optimistic about future opportunities for startups in Los Angeles. (Additional crunch membership required.)
6. Dish completes the purchase of Boost Mobile after the merger of T-Mobile and Sprint
T-Mobile announced today that it has closed a deal that will sell Sprint’s prepaid businesses, including Boost and Virgin Mobile. The whole thing was an integral part of T-Mobile’s offer to partner with Sprint.
7. AR 1.0 is dead: Here’s what did it wrong
Many AR startups made great promises and raised large amounts of capital before flaring up in a similarly dramatic way. Lucas Matney argues that a major mistake was that an AR glasses company should be hardware-first when the reality is that the missing value is almost entirely due to first-party software experience. (Additional crunch membership required.)
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