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Monday, September 3, 2018

JD.com CEO arrested and released. It's The Daily Crunch.

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THE DAILY CRUNCH
MONDAY, SEPTEMBER 3 2018 By Anthony Ha

JD.com's CEO was arrested then released in Minneapolis, Vroom is raising a big round and Skype rethinks its redesign. Here's your Daily Crunch for September 3, 2018.

1. JD.com's CEO was arrested, then released, by Minneapolis police this weekend on suspicion of alleged sexual misconduct

Chinese online retailer JD.com released this statement: "During a business trip to the United States, Mr. Liu was questioned by police in Minnesota in relation to an unsubstantiated accusation. The local police quickly determined there was no substance to the claim against Mr. Liu, and he was subsequently able to resume his business activities as originally planned."

The Minneapolis Police Department says the investigation remains active but did not provide further details.

2. Used car site Vroom is raising $70M six months after a big round of layoffs

Vroom wants to make the process of buying a used car as easy as ordering a pizza. The startup has already secured $30 million of that $70 million target, signaling confidence from investors that it'll become profitable and beat out key competitors like Carvana and Shift.

3. For Labor Day, work harder

Danny Crichton writes, "We need to re-inject [global entrepreneurs'] level of urgency back into the Valley ethos and compete ferociously." Personally, I think ambition and a serious work ethic still leave room for recharging and time off — but here I am, writing a newsletter on Labor Day.

4. Skype rolls back its redesign by ditching stories, squiggles and over-the-top color

The redesign has met with a lot of backlash. Skype clearly wanted to appeal to a more youthful demographic with its update, but in doing so, it cluttered the user experience with features no one had asked for or needed.

5. UK media giants call for independent oversight of Facebook, YouTube, Twitter

These companies argue that there's an "urgent" need for independent oversight of social media. As for suggestions that such a move would amount to censorship, they point out that tech companies are already making choices about what to allow (or not) on their platforms.

6. When battery life saves human life

For forced migrants, smartphones can be key to survival.

7. TechCrunch podcasts go on a true crime spree

This week, Equity covers the drama at Tesla, while Original Content reviews the explosion of true crime shows on Netflix.

Get more stories at techcrunch.com 

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