Techmeme
May 3, 2020, 3:25 PM

Top News

Xinmei Shen / Abacus:
Chinese government statistics claim the country now has 904M internet users and 560M live streamers, with about 265M using live streaming for e-commerce  —  Eight key takeaways from China's biannual internet roundup, including education and live streaming services getting a big boost while travel and food delivery apps suffer
Sara Ashley O'Brien / CNN:
Uber to require masks or face coverings for drivers and passengers in certain markets and is developing technology to detect drivers' usage of face coverings  —  (CNN Business)As it anticipates a restart to its core rideshare business amid the pandemic, Uber (UBER) plans to require drivers …
Omri Zerachovitz / Globes Online:
Sources: Moovit, which makes a journey planner app and provides transit data APIs to cities and companies, in talks to be acquired by Intel for about $1B  —  Intel Capital is one of the shareholders in the company, which has developed a public transport journey planner and mobility app.
Miles Kruppa / Financial Times:
Many Silicon Valley startups are announcing job cuts and spending freezes to prove they can be disciplined about costs to would-be investors amid the pandemic  —  Balance of power shifts back to investors as founders look to bolster balance sheets  —  As one of Silicon Valley's hottest start-ups …
Annie Musgrove / Tech.eu:
Terra Quantum, a Switzerland-based startup developing algorithms for quantum computing, has raised a ~€10M round at a valuation of around €50M  —  Swiss quantum technology company Terra Quantum has raised about €10 million, with a company valuation at around €50 million.
Dan Goodin / Ars Technica:
Researchers detail the increasingly prevalent LockBit ransomware, which may one day reach parity with other feared ransomware packages like Maze or Ryuk  —  You've probably never heard of LockBit, but that's likely to change.  —  Ransomware has emerged as one of the top threats facing large organizations …
Yujie Xue / South China Morning Post:
Report: Huawei's HiSilicon overtakes Qualcomm as China's top smartphone processor supplier; Qualcomm's market share fell from ~38% YoY in Q4 to ~33% YoY in Q1  —  Huawei's secretive chip unit shipped slightly more smartphone processor shipments in the latest quarter despite the coronavirus pandemic …

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