| Wall Street Journal: |
Sources: weeks before Didi's US IPO, the Chinese regulator that eventually ordered Didi's app banned had suggested to the company that it delay the listing — Ride-hailing giant, under pressure to reward shareholders, pushed ahead with NYSE listing despite concerns of China's cybersecurity watchdog| Divya Balji / Bloomberg: |
Didi shares fell as much as 30% in pre-market trading after a Chinese regulator ordered it to be removed from app stores, wiping out ~$22B of market value — - Didi shares tumble in pre-market to below IPO price of $14 — Shares of Full Truck Alliance, Kanzhun also sink in pre-market| Bloomberg: |
| Paul Mozur / New York Times: |
Trade group representing Apple, Google, Facebook, others warns that the companies could stop their services in Hong Kong if planned anti-doxxing rules go ahead — A trade group representing Google, Facebook, Amazon, Apple and others said changes to a Hong Kong privacy law could stop firms from providing services in the city.| Saritha Rai / Bloomberg: |
Pine Labs, a payments company and SaaS provider for merchants in India and SE Asia, raises $600M at a $3B valuation, says it plans to IPO in the next 18 months — - Pine Labs targets possible U.S. initial offering in 18 months — Singapore fintech company now valued at $3 billion, CEO says| Ryan Browne / CNBC: |
Danish startup Pleo, which offers smart company cards that automate expense reports, raises $150M Series C at a $1.7B valuation — - Danish start-up Pleo raised $150 million in a financing round co-led by Bain Capital Ventures and Thrive Capital. — The company is now valued at $1.7 billion … | Joshua Zitser / Insider: |
GETTR, the new pro-Trump social platform, acknowledges it was hacked on its July 4 launch, with the usernames of prominent accounts being defaced — - GETTR, founded by former Trump aide Jason Miller, was hacked on the day of its official launch. — The accounts of Miller … | Ryan Gallagher / Bloomberg: |
A new database by human rights groups documents 60+ cases in which NSO's spyware has been used by authoritarian regimes to target dissidents and critics — - Database maps global misuse of spyware, researchers say — NSO defends technology, says database is likely old claims| Kim Hart / Axios: |
Nextdoor announces that it has agreed to go public via a SPAC sponsored by Khosla Ventures at an implied valuation of $4.3B — Nextdoor, the neighborhood social network in more than 275,000 global communities, announced that is has agreed to go public via a SPAC sponsored by Khosla Ventures — at an implied valuation of $4.3 billion.| Tom Warren / The Verge: |
Hands-on with Microsoft Store on Windows 11: UI overhaul and speed improvements are nice; addition of much-needed apps like Zoom and WinZip is a promising start — The Windows store is finally getting apps people care about — Microsoft's dysfunctional app store for Windows … | Joe Pompeo / Vanity Fair: |
After being canceled last year, Allen & Co.'s annual Sun Valley conference starts Tuesday with CEOs from Apple, Facebook, Amazon, and Netflix attending — All around, even as the Delta variant begins to sink its teeth into unvaccinated pockets of the U.S., there are signs of life getting … | Patience Haggin / Wall Street Journal: |
Ad-measurement company Tenjin: following Apple's IDFA changes, spending on iOS ads fell one-third between June 1 and July 1, while Android spending rose 10% — Android ad prices have jumped, as iOS users opt out of being tracked, early data show — Advertisers have begun shifting … | Patrick McGee / Financial Times: |
| Romain Dillet / TechCrunch: |
ManoMano, which operates an e-commerce site for DIY, home improvement, and gardening products, raises $355M Series F led by Dragoneer at a $2.6B valuation — French startup ManoMano has raised a Series F funding round of $355 million led by Dragoneer Investment Group.| Julia Reda: |
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| Danny Crichton / TechCrunch: |
| Joshua Oliver / Financial Times: |
| Sam Shead / CNBC: |
| Catalin Cimpanu / The Record: |