Techmeme
May 3, 2018, 12:30 PM

Top News

Peggy Sito / South China Morning Post:
Xiaomi files for an IPO in Hong Kong; sources say the Beijing-based company is seeking to raise $10B at a valuation of $100B  —  Xiaomi's 2017 sales jumped by two-thirds to 114.6 billion yuan, while operating profit tripled and adjusted net profit soared from a year earlier
Monica Nickelsburg / GeekWire:
Amazon abruptly halts construction of new office in Seattle as it escalates fight over proposed city council tax on large companies to build affordable housing  —  Amazon is pausing construction on a new office tower at its Seattle headquarters and may put one of its biggest future office spaces …
Andrew Gebhart / CNET:
Google Assistant now works with 5,000 smart home devices, up from 1,500 in January, and adds support for Dish Hopper, Logitech Harmony remotes, and more  —  With Google's developer conference right around the corner, the search giant wants you to know that its digital assistant is quite proficient at controlling the smart home.
Thuy Ong / The Verge:
New York Times:
Filing shows executives at Cambridge Analytica and SCL Group, along with the Mercer family, have moved to create a new firm, Emerdata, possibly for “rebranding”  —  The embattled political consulting firm Cambridge Analytica announced on Wednesday that it would cease most operations …
Wall Street Journal:
Cambridge Analytica is shutting down following the Facebook data misuse scandal, says it was losing clients and facing mounting legal fees  —  Company had lost multiple clients in recent months  —  Cambridge Analytica , a data firm that worked for President Donald Trump's 2016 campaign …
Harry McCracken / Fast Company:
Amazon says there are now 40K Alexa Skills, up from 25K in December and 10K in February 2017, and makes in-skill purchases generally available in the US  —  [Photos: Rahul Chakraborty/Unsplash; geralt/Pixabay]  —  Just six months after Amazon revealed the AI-infused Alexa service …
Wall Street Journal:
Some of the 200+ cities Amazon rejected for its HQ2 have begun to make changes based on feedback given by Amazon during rejection phone calls  —  After the retail giant told cities why they didn't become finalists for its second headquarters, some started making changes
Spencer Soper / Bloomberg:
Amazon launches Wag, its own brand of pet products, starting with dry dog food, only available to Prime subscribers  —  Amazon.com Inc. has started its own brand of pet products, called Wag, expanding on existing private-label efforts that include batteries, baby products, clothing and household goods.
More: PYMNTS.com and BetaNews
Nathaniel Popper / New York Times:
Goldman Sachs to open a Bitcoin trading operation, will begin using its own money to trade Bitcoin futures contracts on behalf of clients in the next few weeks  —  SAN FRANCISCO — Most big banks have tried to stay far away from the scandal-tainted virtual currency Bitcoin.
Matthew Lynley / TechCrunch:
SoundHound raises $100M from strategic investors including Tencent, Daimler, Hyundai, and others to grow its Houndify voice AI platform  —  As SoundHound looks to leverage its ten-plus years of experience and data to create a voice recognition tool that companies can bake into any platform …
Spotify Investor Relations:
Spotify reports first financial results after its IPO with Q1 revenue of €1.139B, up 26% YoY, on operating loss of €41M; MAUs up 30% YoY to 170M  —  Spotify Technology S.A. (NYSE:SPOT) today reported financial results for the first fiscal quarter of 2018 ending March 31, 2018.

Sponsor Posts

HERE Technologies:
How HERE Technologies guides today and tomorrow's vehicle systems  —  Today, our standard and HD mapping platform powers the most advanced connected car services, and is core technology in all levels of vehicle automation.
Smartsheet:
How I managed one of the largest supply chain mergers in US history  —  The merger of Office Depot and OfficeMax presented major challenges.  Read this firsthand account how how it was managed.
Zoho:
Zoho Academy Wants to Help You Get Your Ecommerce Site Up and Running  —  Last week, Zoho launched its newest product, Commerce Plus: an ecommerce platform that draws on the integrated strengths …
Freshdesk:
Your Customers are Omnichannel, You Should Be Too  —  With Freshdesk Omnichannel Customer Support tool, find out how you can seamlessly support your customers across channels including phone, email, chat and social media.
Google Cloud:
What does the future of cloud computing hold  —  and what does this mean for businesses?  We looked at the data, talked to luminaries, and listened to customers across the world.  Here's what they said.

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