| Eric Slivka / MacRumors: |
Kuo: Apple AR headset to launch in late 2022 with an M1-like chip and no tethering to a Mac or an iPhone; Apple wants to replace the iPhone with AR in 10 years — Apple's long-rumored augmented reality (AR) headset project is set to bear its first fruit late next year with the launch … | Natasha Lomas / TechCrunch: |
UK's CMA says Google has agreed to expanded oversight in the development of Privacy Sandbox as part of the regulator's antitrust investigation — As part of an ongoing antitrust investigation into Google's Privacy Sandbox by the UK's competition regulator, the adtech giant has agreed … | Natasha Lomas / TechCrunch: |
Italy fines Apple and Google €10M each for “aggressive” data practices and not providing users with clear enough information on commercial uses of their data — Apple and Google have been fined €10 million apiece by Italy's competition and market authority (AGCM) … | Bloomberg: |
Sources: China asked Didi Global to delist from the NYSE citing concerns about leaking sensitive data; options include privatization or a Hong Kong listing — - Regulators asked Didi brass to devise a plan to go private — Forced delisting will be severest action against China Tech| Jiyoung Sohn / Wall Street Journal: |
Gartner: global chip makers are projected to spend $146B this year, about 50% higher than before the pandemic and double the amount five years ago — Samsung's $17 billion bet on Texas mirrors large spending increases in Asia and elsewhere — SEOUL—Investment in U.S. chip production is on the rise.| The Economic Times: |
Paytm reports Q2 revenue of $144.8M, up 64% YoY, and a net loss of $63M, up 8%+ YoY, in its first post-IPO earnings report — Bengaluru: Payments firm Paytm, in its first quarterly earnings as a public company, reported a nearly 64% jump in its consolidated revenue from operations … | Ryan Browne / CNBC: |
Klarna posts a pre-tax loss of $344M from January to September, up 4x YoY, and says it has 90M+ customers after entering nine markets since the start of 2020 — - Klarna posted a pre-tax loss of 3.1 billion Swedish krona ($344 million) from January to September, a fourfold increase from the same period a year ago.| Bloomberg: |
China considers setting up a digital asset exchange in Beijing as it calls for faster trials of the digital yuan — China is considering setting up a digital asset exchange in Beijing as officials push to promote usage of the digital yuan and crack down on cryptocurrencies.| Martha Muir / Financial Times: |
Kazakhstan plans to ration power over winter to 50 registered crypto miners as illegal miners and mass relocations from China cause blackouts across the country — Illegal miners and mass relocations after a ban on crypto mining in China have overloaded energy grid| Brenda Goh / Reuters: |
Meituan reports Q3 revenue of $7.6B and a loss of $1.57B, including a $532M antitrust fine in October, its largest quarterly loss in three years — Chinese food delivery giant Meituan (3690.HK) reported a fourth consecutive quarterly loss on Friday, as it plowed more investment into expanding its various businesses.| Jing Yang / Wall Street Journal: |
Sources: Alibaba is delegating more responsibility to presidents of its business units to shed its monolithic image in the wake of China's regulatory crackdown — CEO Daniel Zhang is devolving power to unit presidents as competition grows and big platforms come under pressure in China| Aditya Kalra / Reuters: |
Source: WhatsApp has almost 20M users in India using its payment services and received regulatory approval to double the number to 40M — WhatsApp (FB.O) has won regulatory approval to double the number of users on its payments service in India to 40 million, a source with direct knowledge told Reuters on Friday.
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| Olatunji Olaigbe / The Record: |
| Nicole Carpenter / Polygon: |
| Meir Orbach / CTech: |
| Michael Levenson / New York Times: |
| Sam Schechner / Wall Street Journal: |