Banned Chinese apps are beginning to disappear from India’s app stores, Palantir is raising more funding and Venmo starts testing Business Profiles.
Here’s your Daily Crunch for July 2, 2020.
1. Apple and Google block dozens of Chinese apps in India
Two days after India blocked 59 apps developed by Chinese firms, Google and Apple have started to comply with the government’s order and are preventing users in the world’s second-largest internet market from accessing those apps.
UC Browser, Shareit, Club Factory and other apps are no longer listed on Apple’s App Store and Google Play Store. In a statement, a Google spokesperson said that the company had “temporarily blocked access to the apps”on Google Play Store as it reviews the order.
2. SEC filing indicates big data provider Palantir is raising $961M, $550M of it already secured
Palantir, the controversial and secretive big data and analytics provider, has reportedly been eyeing up a public listing this autumn. But in the meantime it’s also continuing to push ahead in the private markets.
3. Venmo begins piloting ‘Business Profiles’ for small sellers
Business Profiles offer small sellers and other sole proprietors the opportunity to have a more professional profile page on its platform. Sellers can share key business details like address, phone number, email, website and more.
4. Tesla delivered 90,650 vehicles in second quarter, a smaller than expected decline
Tesla said Thursday that it delivered 90,650 vehicles in the second quarter, a 4.8% decline from the same period last year, prompted by challenges caused by the COVID-19 pandemic — like suspending production for weeks at its main U.S. factory. But the company still managed to beat expectations despite the headwinds.
5. Top LA investors discuss the city’s post-COVID-19 prospects
From larger fund investors like Mark Suster and Kara Nortman at Upfront Ventures to Dana Settle at Greycroft Partners; to early-stage investors like Will Hsu at Mucker Capital; TX Zhuo at Fika Ventures, the responses were generally upbeat about the future opportunities for Los Angeles startups. (Extra Crunch membership required.)
6. Dish closes Boost Mobile purchase, following T-Mobile/Sprint merger
T-Mobile today announced that it has closed a deal that divests Sprint’s pre-paid businesses, including Boost and Virgin Mobile. The whole thing was a key part of T-Mobile’s bid to merge with Sprint.
7. AR 1.0 is dead: Here’s what it got wrong
Many AR startups made huge promises and raised huge amounts of capital before flaring out in a similarly dramatic fashion. Lucas Matney argues that a key error was thinking that an AR glasses company should be hardware-first, when the reality is that the missing value is almost entirely centered on first-party software experiences. (Extra Crunch membership required.)
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