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dot com code tech news this is tech crunch

here's your daily crunch.

Chinese Riedhaling Giant D.D. is in hot water with its own domestic regulators.

The company has been told to halt new user registration pending a cybersecurity review just days after it went public in the United States.

Oof.

Now let's see what's going on in the world of startups.

Swedish Gaming Giant Modern Times Group has acquired Indian startup Play Simple

for at least 360 million dollars. The sale was one of the largest exits in the Indian

startup ecosystem. Nigerian FinTech startup fair money is announcing a 42

million dollar series B raise to diversify its offerings and expand to become the financial hub for its users.

And Bangalore-based meat and seafood e-commerce player Licious raised a tasty $192 million round through a series

F. A few years back we would have joked that the F in series F stood for failed to go public, but that's no longer the case.

Why not raise a Series F when money is so cheap?

The company is now worth more than $650 million.

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