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December 28, 2020, 9:40 AM
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| Bloomberg: |
China's central bank tells Ant it must overhaul its lending, insurance, and wealth management businesses and come up with a timetable as soon as possible — - Authorities require Ant to overhaul business, set up timetable — Ant was blasted over governance, disdain toward compliance| Coco Liu / Bloomberg: |
Alibaba raises proposed stock repurchase program by $4B to $10B, but shares slide 8%+, shedding $270B of value since its October peak amid antitrust fears — - Investors flee biggest names from Tencent to Meituan and JD — China probe coincides with clampdown on part-owned Ant Group| Joe Rossignol / MacRumors: |
Kuo: Apple Car's unclear development schedule means it may launch in 2025-2027, while changes in EV/self-driving market may push the launch to 2028 — Earlier this week, Reuters reported that Apple is targeting 2024 for production of its long-rumored electric vehicle with “next level” …
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9to5Mac, AppleInsider, Patently Apple, iDownloadBlog.com, Philip Elmer‑DeWitt, coinspeaker.com, 500ish, Mashable, BGR India, phonearena.com, MyFixGuide.com, Pocketnow, Ubergizmo, SlashGear, iClarified, iPhone in Canada Blog, appleosophy.com, iPhone Hacks, iMore, and Philip Elmer‑DeWitt
Tweets: @rsgnl, @asymco, @angellamuno, @bluelantern92, @rjonesy, and @leaksapplepro
| Lee Brown / New York Post: |
Nashville mayor says the Christmas day explosion in the city appears to have targeted an AT&T building, amid reports the suspect was paranoid about 5G — Nashville's mayor said Sunday that the city's Christmas blast appeared to be an “infrastructure attack” on the AT&T building there …
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The Guardian, AT&T, WSMV-TV, The Tennessean, Washington Post, phonearena.com, International Business Times, and UPI
Tweets: @kurtbardella, @brianstelter, @hannonizer, @charlesarthur, @nc5_akoehn, @atthelp, @josephmenn, @justinhendrix, @rstephens, and @rolandixor
| Coco Liu / Bloomberg: |
Zuoyebang, which offers live-streamed classes and other remote study services and has 170 MAUs, raises $1.6B from Alibaba, Tiger Global, and others — - Zuoyebang's fundraising follows a $750 million round in June — Online learning has turned red-hot this year since pandemic| Wency Chen / KrASIA: |
Chinese online education startup Yuanfudao raises $300M from Jack Ma's Yunfeng Capital, bringing its total raised during 2020 to $3.5B — The high-flying company this year already snagged USD 3.5 billion from investors. — The high-flying online education company Yuanfudao …
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Tech in Asia, Tech in Asia, and Pandaily
| Tim Bradshaw / Financial Times: |
A look at challenger search engines like UK-based Mojeek, You.com, and Neeva, founded by former Google execs, all targeting Google as it fights antitrust suits — Challengers such as Neeva bet on alternative approaches as tech giant faces regulatory scrutiny
Tweets: @francesca_bria, @psb_dc, @martinsfp, @paulnemitz, and @aghose
| Scott Belsky / Medium: |
Eight themes for the near future of tech: from decentralized workplaces and the rise of community-as-a-service to quirky social apps for kids under 16 — As we pull ourselves out of the ditch that was 2020, there are a few major themes of the future I'm particularly excited about.
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Howard Lindzon. Tweets: @scottbelsky, @erickschonfeld, @om, @avidanross, @micahjay1, @benrbn, @satyap, @trengriffin, @soonaorlater, and @bill_gross
| Kim Lyons / The Verge: |
Citing environmental concerns, Xiaomi CEO says its flagship Mi 11 phone will not come with a charger in the box; Xiaomi mocked Apple earlier over the same issue — Xiaomi's CEO confirmed the decision on social media site Weibo — Lei Jun, the CEO of Chinese phone maker Xiaomi … | Greg Ip / Wall Street Journal: |
Due to the pandemic, trends that normally may have taken years to unfold, like remote work or the shift from physical to virtual commerce, happened in months — Spurred by the pandemic, business changes that normally might have taken years unfolded in months.
Tweets: @jessefelder, @mileskimball, @mileskimball, and @csapkota
| Michelle Gao / CNBC: |
| Lily Hay Newman / Wired: |
A look at the worst hacks of 2020: SolarWinds, Twitter, Blueleaks, University Hospital Düsseldorf, Vastaamo, and Garmin — From ransomware schemes to supply chain attacks, this year melded classic hacks with extraordinary circumstances. — WHAT A WAY to kick off a new decade.| Financial Times: |
South Korean antitrust regulators have asked Delivery Hero to sell its existing business before its $4B takeover of Woowa Brothers can go ahead — Seoul antitrust watchdog argues merger with Woowa Brothers would hurt competition — Delivery Hero's hopes of rapid expansion in Asia have hit …
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Nikkei Asia
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