Down bad

Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inbox every Thursday by subscribing on TechCrunch’s newsletter...

Robotaxi rivals Pony and WeRide join Chinese ride-hailing service OnTime’s $153M round

This is an interesting day when we see two of China’s major robotaxi foes come together, offering a clue to how the industry is evolving in the country. WeRide.ai and Pony.ai, which both operate out of China’s southern metropolis Guangzhou and California,...

Daily Crunch: To complicate Musk’s attempt to swallow Twitter, board approves ‘poison pill’ strategy

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Welcome to the Daily Crunch for Friday, April 15, 2022, where we are continuing to stick our heads in the sand regarding the war in...

China further limits access to unauthorized foreign games

For years, China has left a loophole open for people to access unauthorized video games, but it’s ready to close it. Many foreign titles lack a Chinese publishing partner like Tencent to help them obtain the government-issued license needed to operate in the...

China’s game engine Cocos raises $50M, goes beyond games

Cocos Technologies, a China-based game engine provider that has been around since 2010, just announced it has picked up $50 million in a Series B funding round in a bid to work on development and move beyond games. Investors include CCB Trust, a subsidiary of China...