Articles from www.bloomberg.com

Articles from www.bloomberg.com

Alibaba, JD, and Xiaomi report Singles' Day sales numbers they say make the shopping event one of the most productive yet, as China's economy continues to sag (www.bloomberg.com)
2024-11-12 China Alibaba Xiaomi

SoftBank reports Q2 net income of ~$7.7B and a Vision Fund gain of ~$2.42B, driven by strong Indian startup IPOs and valuation gains in Coupang and Didi (www.bloomberg.com)
2024-11-12 India IPO Startup

Filing: a Chinese court agrees to hear a Fortnite-like case against Apple by Bodyreader, a posture correcting app Apple removed in 2020; Bodyreader seeks ~$420K (www.bloomberg.com)
2024-11-12 China Apple

Alameda Research co-CEO Sam Trabucco has agreed to hand over a slew of properties, including his yacht, to FTX creditors as part of a November 3 settlement deal (www.bloomberg.com)
2024-11-12

Argentina-based Ualá, which offers financial services to 8M users, raised a $300M Series E led by Allianz X at a $2.75B valuation, up from $2.45B in August 2021 (www.bloomberg.com)
2024-11-12

Sources: the US plans to support a controversial cybercrime treaty at the UN this week despite concerns that it could be misused by authoritarian regimes (www.bloomberg.com)
2024-11-12

11x, which makes AI bots that help salespeople with common tasks, raised $50M led by a16z at a $320M valuation, after raising a $24M Series A in September 2024 (www.bloomberg.com)
2024-11-12 AI

How Swiggy beat Amazon to fast grocery deliveries in India by using an army of gig workers, mini-warehouses, and notable investors, ahead of its November 13 IPO (www.bloomberg.com)
2024-11-11 India Amazon IPO

FTX sues Binance and former CEO Changpeng Zhao, seeking to claw back almost $1.8B it alleges was fraudulently transferred by Sam Bankman-Fried in a 2021 deal (www.bloomberg.com)
2024-11-11

Apple's future growth may come from several new Watch- or iPad-sized bets; visionOS 2.2 ultrawide Mac display option may be the Vision Pro's first killer app (www.bloomberg.com)
2024-11-11 Apple iPad

FTX sues Anthony Scaramucci, Crypto.com, Zuckerberg's FWD.US, and others to recoup SBF's “investments” as part of his “campaign of influence-buying” in 2022 (www.bloomberg.com)
2024-11-10 Zuckerberg

Analysis: US private construction spending on data centers grew to ~$30B/year, over 2x the amount in late 2022; global spending is on track to reach $250B/year (www.bloomberg.com)
2024-11-10

The 2024 US election cycle showed how crypto has turned out to be a practically perfect special interest group for an era of unlimited corporate spending (www.bloomberg.com)
2024-11-9

A US judge sentences Russian-Swedish national Roman Sterlingov to 12.5 years for operating crypto mixer Bitcoin Fog from 2011 to 2021, laundering ~$400M (www.bloomberg.com)
2024-11-9 Russia Bitcoin Sweden

Experts say the Trump administration's approach to cybersecurity is likely to focus on confronting China, relaxing regulations, narrowing CISA's focus, and more (www.bloomberg.com)
2024-11-9 Trump China

Some TikTok staff and users see Trump as a possible savior from the ban; others question whether Trump even cares about the app now that the campaign is over (www.bloomberg.com)
2024-11-9 Trump Ban

Sony reports Q2 revenue up 9% YoY to $19.45B, operating profit up 73% YoY to $2.96B vs. $2.18 est., and PS5 sales of 3.8M units, down from 4.9M units a year ago (www.bloomberg.com)
2024-11-8 Sony

Source: Baidu plans to unveil smart glasses with built-in cameras and voice support for AI model Ernie next week, launching as soon as early 2025 for under $299 (www.bloomberg.com)
2024-11-8 AI

An interview with Changpeng Zhao about his four months of incarceration, investing in X, forced separation from Binance, plans for the future, and more (www.bloomberg.com)
2024-11-8 Interview

Sources: OpenAI is in early talks with the California AG's office to become a for-profit company; a letter shows OpenAI also discussed it with Delaware's AG (www.bloomberg.com)
2024-11-8 California

Trump's win flips the idea that Elon Musk overpaid for X on its head, after Musk turned his feed into a Trump-inspired billboard for his 200M+ followers (www.bloomberg.com)
2024-11-8 Trump Elon Musk

France's gambling regulator says it is “aware” of Polymarket and is “currently examining its operation and compliance”, after user Fredi9999 made a $48M profit (www.bloomberg.com)
2024-11-7 France

TSMC SVP Cliff Hou says Taiwan must improve its chip tech to maintain its global leadership; in October, Trump said that Taiwan “stole 95% of our business” (www.bloomberg.com)
2024-11-7 Trump Taiwan

Adyen reports Q3 revenue up 20% YoY to €498.3M, vs. €503.3M est., and processed volume growth slowed to 32% from 45% in H1 2024; ADYEN falls 9%+ in Amsterdam (www.bloomberg.com)
2024-11-7

The US SEC's crypto-related enforcement is slated for a major rollback under President Trump, who has pledged to fire Gary Gensler on the first day in office (www.bloomberg.com)
2024-11-7 Trump

Qualcomm and Arm's earnings results show the smartphone industry making an uneven comeback, with both companies seeing a stronger demand for high-end models (www.bloomberg.com)
2024-11-7

Sources: TSMC and GlobalFoundries have finished negotiating agreements for billions of dollars in grants and loans under the CHIPS Act to support US factories (www.bloomberg.com)
2024-11-7

Arm reports Q2 revenue up 5% YoY to $844M, vs. $810.9M est., royalty revenue up 23% to $514M, and forecasts Q3 revenue below estimates (www.bloomberg.com)
2024-11-7

Sources: Saudi Arabia plans a new AI project to rival the UAE's tech hub, backed by $50B to $100B to invest in data centers, startups, new talent, and more (www.bloomberg.com)
2024-11-7 Startup AI Arabia Saudi Arabia

The EU Commission opens an antitrust investigation into smartphone glass maker Corning over allegedly abusing its market dominance to squeeze out rivals (www.bloomberg.com)
2024-11-6

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