Southeast Asia’s Fave raises $20M and adds mystery strategic investor from China – TechCrunch

So you thought group-buying was dead?! Not in Southeast Asia where Fave, a company that aims to connect local merchants with customers using discount sales, has closed a $20 million Series B round as it explores expansion opportunities. The startup began as fitness subscription service KFit, but it pivoted group-buying and coupons after it acquired Groupon’s…

Gwyneth Paltrow’s Goop to pay for making unsubstantiated claims about vaginal Jade eggs – TechCrunch

Goop, the lifestyle and e-commerce site startup up by Hollywood darling Gwyneth Paltrow, has settled a $125,000 lawsuit connected to false advertisements of a $66 vaginal Jade egg, which the company said balanced hormones, prevented uterine prolapse and more. Scientists begged to differ. According to the lawsuit, filed with the Santa Clara County District Attorney, the…

Instead of Larry Page, Google sends written testimony to tech’s Senate hearing – TechCrunch

Silicon Valley is about to have another big moment before Congress. On Wednesday, Twitter’s Jack Dorsey and Facebook’s Sheryl Sandberg will go before the Senate Intelligence Committee to follow-up on their work investigating (and hopefully thwarting) Russian government-linked campaigns to sow political division in the US. The hearing is titled “Foreign Influence Operations and Their…