Techmeme
December 7, 2020, 3:35 PM

Top News

Bloomberg:
Sources: Apple is preparing new Apple Silicon-powered MacBook Pros, iMacs, and Mac Pros for as early as spring 2021; full Mac transition will finish in 2022  —  - Company tests faster performing processors than Intel's best  — Major graphics boost in the works for upcoming desktop Macs
Dan Seifert / The Verge:
Google starts rolling out Apple Music support to Assistant smart speakers and displays, including its Nest products, in the US, UK, France, Germany, and Japan  —  Stream Apple Music on a Nest Audio  —  Google has announced that Apple Music is now available on smart speakers and displays …
Wall Street Journal:
By July, Chinese banks and trust companies had ~$230B in outstanding loans to users who borrowed via Alipay, a factor in new regulatory scrutiny of Ant Group  —  Partnering with the fintech giant has higher risks for smaller lenders, which are already on shaky ground
Maureen Farrell / Wall Street Journal:
Sources: Airbnb plans to boost the proposed price range of its IPO to between $56 and $60 a share, which equates to a valuation of $39B to $42B, fully diluted  —  New price range for home-rental company's public debut equates to $39 billion to $42 billion, fully diluted
Nilesh Christopher / Rest of World:
Facing a nationalist backlash in India, Xiaomi has rebranded itself as a local manufacturer, unlike other Chinese brands that retreated from the limelight  —  Facing a nationalist backlash in India, Xiaomi has rebranded itself as a local manufacturer.  —  • BANGALORE, INDIA
Financial Times:
Inside Disney's costly online push while its lucrative legacy businesses decline, as sources say the success of Disney+ diminished Disney's interest in Hulu  —  Media empire must sustain its costly online push while its lucrative legacy businesses decline  —  The Walt Disney Company …
Annie Palmer / CNBC:
Filing: e-commerce marketplace Wish aims to raise $1.1B in its IPO at a $14.1B valuation, pricing shares at $22-$24; Wish was last valued at $11.2B in Aug. 2019  —  - E-commerce marketplace Wish is aiming to raise roughly $1.1 billion in its upcoming initial public offering, giving it a valuation of up to $14.07 billion.
More: Reuters

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Christopher Mims / Wall Street Journal:
Bloomberg:
Jane Lytvynenko / BuzzFeed News:
Kanishka Singh / Reuters: