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Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app - techcrunch

Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app

Gett, the ride-hailing startup that has been carving out a niche for itself in a crowded and competitive market for on-demand transportation by focusing on enterprise accounts and connecting people with rides in some 1,500 cities leveraging a number of third-party fleets, is adding another partner today as it continues to double down on its […]
techcrunch - 3 hours ago
India’s Razorpay raises funds at $3 billion valuation ahead of Southeast Asia launch - techcrunch

India’s Razorpay raises funds at $3 billion valuation ahead of Southeast Asia launch

Six-year-old Bangalore-based fintech Razorpay topped a $1 billion valuation late last year, becoming the first Y Combinator-backed Indian startup to reach the much sought after unicorn status. In less than six months since, the Indian startup has tripled its valuation and is preparing to launch in the Southeast Asian markets. Razorpay said on Monday it […]
techcrunch - 5 hours ago
Once VMware is free from Dell, who might fancy buying it? - techcrunch

Once VMware is free from Dell, who might fancy buying it?

If you accept that VMware is in play, the prospective price tag means that the number of firms that could afford such a purchase are few and far between.
techcrunch - 11 hours ago
Consumer agency warns against Peloton Tread+ use, as company pushes back - techcrunch

Consumer agency warns against Peloton Tread+ use, as company pushes back

Almost exactly a month ago, Peloton CEO John Foley wrote an open letter about the the company’s treadmill. “I’m reaching out to you today because I recently learned about a tragic accident involving a child and the Tread+, resulting in, unthinkably, a death,” it begins. “While we are aware of only a small handful of […]
techcrunch - 1 day ago
How one founder build a startup around compassion and care facilitated by AI - techcrunch

How one founder build a startup around compassion and care facilitated by AI

In the second episode of our new podcast Found, our guest is Brie Code. Code is the founder and CEO of TRU LUV, a startup based out of Toronto that has its roots in the game industry, but that is taking a radically different approach to designing interactive experiences based on a historically-overlooked motivating paradigm […]
techcrunch - 1 day ago
Hear how StockX brought the sneaker scene to Detroit - techcrunch

Hear how StockX brought the sneaker scene to Detroit

At TechCrunch’s Detroit City Spotlight this week, I sat down with Rae Witte, the journalist behind the StockX EC-1. TechCrunch’s EC-1 push allows individual authors to go deep on a particular company. And as StockX has been headquartered in Detroit since its inception, we took the chance to dig into our reporting in front of […]
techcrunch - 1 day ago
Outdoor startups see supercharged growth during COVID-19 era - techcrunch

Outdoor startups see supercharged growth during COVID-19 era

After months of shelter-in-place orders, widespread shutdowns and physical distancing, outdoors became the only location for safe socializing.
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Daily Crunch: Squarespace files to go public - techcrunch

Daily Crunch: Squarespace files to go public

Squarespace is going public, Apple shares some music payment details and Twitter bans the founder of the right-wing media organization Project Veritas. This is your Daily Crunch for April 16, 2021. The big story: Squarespace files to go public Squarespace has filed to go public via direct listing on the New York Stock Exchange, under […]
techcrunch - 2 days ago
Pakistan temporarily blocks social media - techcrunch

Pakistan temporarily blocks social media

Pakistan has temporarily blocked several social media services in the South Asian nation, according to users and a government-issued notice reviewed by TechCrunch. In an order titled “Complete Blocking of Social Media Platforms,” the Pakistani government ordered Pakistan Telecommunication Authority to block social media platforms including Twitter, Facebook, WhatsApp, YouTube, and Telegram from 11am to […]
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Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer’s logistics network - techcrunch

Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer’s logistics network

Ocado, the UK online grocer that has been making strides reselling its technology to other grocery companies to help them build and run their own online ordering-and-delivery operations, is making an investment today into what it believes will be the next stage of development of that business: the company is taking a £10 million ($13.8 […]
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Sen. Wyden proposes limits on exportation of American’s personal data - techcrunch

Sen. Wyden proposes limits on exportation of American’s personal data

Senator Ron Wyden (D-OR) has proposed a draft bill that would limit the types of information that could be bought and sold by tech companies abroad, and the countries it could be legally sold in. The legislation is imaginative and not highly specific, but it indicates growing concern at the federal level over the international […]
techcrunch - 3 days ago
Twitter bans James O’Keefe of Project Veritas over fake account policy - techcrunch

Twitter bans James O’Keefe of Project Veritas over fake account policy

Twitter has banned right-wing provocateur James O’Keefe, creator of political gotcha video producer Project Veritas, for violating its “platform manipulation and spam policy,” suggesting he was operating multiple accounts in an unsanctioned way. O’Keefe has already announced that he will sue the company for defamation. The ban, or “permanent suspension” as Twitter calls it, occurred […]
techcrunch - 3 days ago
Daily Crunch: Google Earth gets an update - techcrunch

Daily Crunch: Google Earth gets an update

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Should Dell have pursued a more aggressive debt-reduction move with VMware? - techcrunch

Should Dell have pursued a more aggressive debt-reduction move with VMware?

The spin-out generates a large slug of cash Dell can use for debt relief, but could it have squeezed more money out of the deal?
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You can now pay for BART using an iPhone or Apple Watch - techcrunch

You can now pay for BART using an iPhone or Apple Watch

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How startups can ensure CCPA and GDPR compliance in 2021 - techcrunch

How startups can ensure CCPA and GDPR compliance in 2021

Small startups might not think the world’s strictest data privacy laws apply to them, but it’s important to enact best data management practices before a legal situation arises.
techcrunch - 3 days ago
Rivian to initially launch in-house insurance program in 40 states - techcrunch

Rivian to initially launch in-house insurance program in 40 states

Electric truck startup Rivian released Thursday details of its in-house Rivian Insurance program, which it says will be integrated into its digital ordering process. The insurance will initially be available in 40 states. Keeping in line with the company’s marketing as an “adventure vehicle” company, customers will also have the option to cover their home […]
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Join ECL on Wednesday to pitch your startup to Fifth Wall’s Brendan Wallace and Hippo’s Assaf Wand - techcrunch

Join ECL on Wednesday to pitch your startup to Fifth Wall’s Brendan Wallace and Hippo’s Assaf Wand

Have you ever dreamed about the opportunity to find yourself in, say, an elevator with an investor who is open to hearing your pitch? Well, then the next episode of Extra Crunch Live is for you. If you’ve hung out with us on an ECL before, you know we start with a bit of top […]
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Facebook brings software subscriptions to the Oculus Quest - techcrunch

Facebook brings software subscriptions to the Oculus Quest

Subscription pricing is landing on Facebook’s Oculus Store, giving VR developers another way to monetize content on Facebook’s Oculus Quest headset. Developers will be allowed to add premium subscriptions to paid or free apps, with Facebook assumedly dragging in their standard percentage fee at the same time. Oculus and the developers on its platform have […]
techcrunch - 3 days ago
Billion-dollar B2B: cloud-first enterprise tech behemoths have massive potential - techcrunch

Billion-dollar B2B: cloud-first enterprise tech behemoths have massive potential

Billion-dollar B2B refers to the forces shaping a new class of cloud-first, enterprise-tech behemoths with the potential to reach $1 billion in ARR.
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techcrunch
Beyond Meat opens its first production plant in China

Beyond Meat opens its first production plant in China

techcrunch - 1 week ago

About a year after Beyond Meat debuted in China on Starbucks’s menu, the Californian plant-based protein company opened a production facility near Shanghai to tap the country’s supply chain resources and potentially reduce the carbon footprint of its products.

Situated in Jiaxing, a city 85 km from Shanghai, the plant is Beyond Meat’s first end-to-end manufacturing facility outside the U.S., the Nasdaq-listed company said in an announcement on Wednesday.

Over the past year, competition became steep in China’s alternative protein space with the foray of foreign players like Beyond Meat and Eat Just, as well as a slew of capital injections for domestic startups including Hey Maet and Starfield.

Beyond Meat seems undeterred by the rivalry. When asked by TechCrunch to comment on a story about China’s alternative protein scene, a representative of the company said “there are none that Beyond Meat considers their competitors.”

China not only has an enormous, unsaturated market for meat replacements; it’s also a major supplier of plant-based protein. Chinese meat substitute startups enjoy a cost advantage from the outset and don’t lack interest from investors who race to back consumer products that are more reflective of the tastes of the rising middle class.

Having some kind of manufacturing capacity in China is thus almost a prerequisite for any serious foreign player. Tesla has done it before to build Gigafactory in Shanghai to deliver cheaper electric vehicles. Localized production also helps companies advance their sustainability goals as it shortens the supply chain.

In Beyond Meat’s own words, the Jiaxing facility is “expected to significantly increase the speed and scale in which the company can produce and distribute its products within the region while also improving Beyond Meats cost structure and sustainability of operations.”

The American food-tech giant works hard on localization, selling in China both its flagship burger patties and an imitation minced pork product made specifically for the world’s largest consumer of pork. The soy- and rice-based minced pork could be used in a wide range of Chinese cuisines and is the result of a collaboration between the firm’s Shanghai and Los Angeles teams.

Besides production, the Jiaxing plant will also take on R&D responsibilities to invent new products for the region. Beyond Meat will also be unveiling its first owned manufacturing facility in Europe this year.

“We are committed to investing in China as a region for long-term growth,” said Ethan Brown, CEO and founder of Beyond Meat. “We believe this new manufacturing facility will be instrumental in advancing our pricing and sustainability metrics as we seek to provide Chinese consumers with delicious plant-based proteins that are good for both people and planet.”

Beyond Meat products can now be found in Starbucks, KFC, Alibaba’s Hema supermarket and other retail channels across major Chinese cities.

sauce: techcrunch
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