Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sea reports Q3 revenue up 31% YoY to $4.3B and a $153.3M net income, above estimates and up from a $144M loss in Q3 2023; SE rises 5%+ pre-market (www.bloomberg.com)
2024-11-12

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

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