Megastore Temu files suit against Shein in U.S. for alleged anti-competitive practices

Monday, July 31, 2023

Today, the battle between Shein and Temu is heating up. Neither of the China-based e-commerce giants are holding back any punches as they escalate their war. Now the courts are involved.

Next, Apple gave its blessing to Twitter’s rebrand to X despite not normally allowing developers to have single-letter apps. Read more. Don’t like the X? Here’s how to get the old Twitter app icon back on iOS.

Meanwhile, now that you’ve graduated college and have that new job, Bloom wants to teach you how to build wealth. Find out how.

And, New Relic agreed to go public in a $6.5 billion all-cash deal with two private equity companies. Get the scoop. If you want the TechCrunch+ take on it, here’s what New Relic’s sale tells us about the value of middling growth today.

In case you missed it last week, SpaceX conducted a full-pressure test of a new water deluge system for its Starship launch vehicle. Learn more about the “mega-steel pancake” system.

Image Credits: Hailshadow / Getty Images

More top reads

Today in TechCrunch+ land, learn one area where Elon Musk was probably right. He’s been making the rounds at electric utility industry conferences, urging executives to invest more in the energy transition.

Guess who’s back? Back again. Ye is back, tell a friend: I know that is not a Kanye West song, but very apropos for the fact that X reinstated Kanye West’s account after Elon Musk banned him last year.

Helping home service businesses have more doors to knock: Topline Pro grabs $12 million in new capital to help home service businesses get discovered.

Is that a threat?: Cyble, a company that describes itself as a “threat intelligence provider,” lands a $24 million investment.

This phone takes the crown: There’s no question anymore — Google’s Pixel 7a owns the midrange crown.

Pack your suitcase: Airalo locks in $60 million to expand its eSIM-based global roaming “marketplace.”

DealShare CEO moves on: The social commerce company did not say why Vineet Rao stepped down from the role, but the company reportedly was scrambling to find ways to discover stickiness in its business for quarters.

More on the Call of Duty hack: The Call of Duty worm malware used to hack players exploited a years-old bug.

Buona notte: Italy accepts data portability offer from Google to settle antitrust complaint.

Time to get your “Loki” fix: Disney+ drops the “Loki” Season 2 teaser trailer.

Not sticky enough: Apple confirms a Screen Time bug is causing settings not to stick.

How did Amazon do last quarter?: Well, the company achieved its “fastest Prime speeds ever” last quarter and plans to double same-day delivery sites.

Feeding on your nostalgia: Check out the large A and B “super buttons” that come with 8BitDo’s NES (Nintendo Entertainment System)-themed mechanical keyboard.

More for your Monday:

SEC sues Richard Heart and his projects Hex, PulseChain and Pulse X for fraud, securities violations

Would-be Twitter rival T2 adds DMs — a feature others, including Threads, don’t yet have

VC Office Hours: Black Girls Code founder Kimberly Bryant starts a new chapter (TC+)

Elon Musk’s lawyers accuse nonprofit of colluding with Twitter rivals

Tech spending has remained surprisingly stable in 2023 (TC+)

Image Credits: Nic Coury/Bloomberg / Getty Images

From the “pod” files

Twitter’s rebrand is a go, and we’re blazing our collective glory on today’s episode of Equity. Alex Wilhelm is on the mic with earnings to keep your eye on, as well as why Tiger is getting out of Flipkart, Fidelity earnings that giveth and taketh away, Twitter’s rebrand and how Shein and Temu are fighting it out.

Image Credits: Bryce Durbin

Strengthening security in a multi-SaaS cloud environment

Managing security across multiple SaaS cloud deployments has an element of risk: A lot can go wrong when using multiple APIs and interfaces to manage data without configuration standards.

“To overcome these challenges, automation and detection have become a crucial piece of the puzzle, and you should be asking about these capabilities,” advises Steven Tamm, a technology adviser to Spin.AI and former Salesforce CTO.

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