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December 24, 2020, 4:05 PM
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| Financial Times: |
China's market regulator announces an antitrust investigation into Alibaba for alleged monopolistic practices, the first investigation of its kind in China — Probe into China's biggest tech group is one of the first of its kind for country's internet sector
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Wall Street Journal, Bloomberg, Reuters, Engadget, New York Times, Bloomberg, TechNode, Thurrott, Wall Street Journal, Business Insider, TechCrunch, Neowin, Tech in Asia, Reuters, and South China Morning Post
Tweets: @nspector4, @carlminzner, @steveclapham, @lisaabramowicz1, @business, @samantar, @erinhale, @cduhaime, @nthusharon, @kennedycsis, and @dakekang
| South China Morning Post: |
The Alibaba antitrust probe was likely triggered by online merchants being forced to pick only one platform as their distribution channel, a widespread practice — Chinese regulators will look into the ‘picking one from two’ practice as part of their probe into Alibaba Group Holding …
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PingWest
| Bloomberg: |
China's regulatory crackdown to limit the influence of Jack Ma, who has long cultivated the image of a rebel fighting the system, has been years in the making — When Jack Ma took to a Shanghai conference stage in October, China's most famous entrepreneur was on the brink of pulling off …
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New York Times and New York Times
Tweets: @dangates83, @mhbergen, @tsedal, @bloombergasia, @quicktake, @curtisschin, @artjonak, @gordongchang, and @stegersaurus
| Joe Tidy / BBC: |
Cosmetic surgery chain The Hospital Group confirms a ransomware attack after hacker group REvil claims it has obtained more than 900GB of patient photographs — Hackers have stolen the data of a large cosmetic surgery chain and are threatening to publish patients' before and after photos, among other details.| Tim Bradshaw / Financial Times: |
Seven startups, including Thrasio and Heyday, hoping to become conglomerates like P&G, have raised a combined $950M to acquire small Amazon Marketplace sellers — Start-ups including Thrasio, SellerX and Heroes are rolling up small brands, hoping to become the new P&G or Unilever
Tweets: @macrotactical, @tim, @fercany, @eugenekim222, and @colarusso42
| Bloomberg: |
Source: Square has held talks to acquire music streaming service Tidal, which Jay-Z acquired for $56M in early 2015 — - Streaming music platform has struggled to keep up with Spotify — Dorsey has met with Jay-Z multiple times during the pandemic — Square Inc., the digital-payment …
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Engadget, Business Insider, 9to5Mac, Forbes, New York Post, SlashGear, phonearena.com, and Tech Xplore
Tweets: @donaldrichard, @stoneatwine, @pitdesi, @noahweid, @msg, @iankar_, @blmohr, @caffeinatedinv1, @fairyglowmother, @seyitaylor, @traceyryniec, and @alexeheath
| Eric Newcomer / Newcomer: |
An interview with Keith Rabois, who has championed Miami as a tech destination after moving there, and whose investment portfolio has seen major exits this year — Keith Rabois just moved to South Florida. Now he wants Silicon Valley to join him. — 15 hr ago — Keith Rabois is ubiquitous these days.
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South Florida Business Journal and CNBC
| Sam Biddle / The Intercept: |
In unsealed court docs, Facebook managers appeared to admit to major flaws in ad targeting capabilities in 2016 and wondered if they were misleading advertisers — Facebook is currently waging a PR campaign purporting to show that Apple is seriously injuring American small businesses through its iOS privacy features.
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Jon Loomer Digital and BuzzFeed News
Tweets: @pt, @steveolson, @jasross, @ddayen, @samfbiddle, and @samfbiddle
| Dieter Bohn / The Verge: |
Amazon's $250 Echo Frames review: good as a Bluetooth headset, little noise bleed, good mic quality, but middling battery life, falls short as an Alexa device — Great in concept, but there's a limit to what Alexa can do on a phone — I did not expect to like the Amazon Echo Frames as much as I do.| Giles Turner / Bloomberg: |
Filing: ByteDance says TikTok UK had sales of $20M in 2019, with a loss of $119.5M, driven by advertising and marketing expenses of $109M — - Chinese owner ByteDance has not disclosed global figures — Video-sharing app has been rapidly expanding in U.K.| Kate Duffy / Business Insider: |
April Christina Curley, a Google recruiter focused on Black colleges, says she was fired in September and alleges a hostile work environment for Black people — - A Google employee, who said she was fired by the tech giant in September, claimed Monday that her manager told her that her way of speaking …
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NBC News, SlashGear, TechRadar, Daily Mail, The Daily Dot, Technical.ly Baltimore, CNBC, and VentureBeat
Tweets: @realabril, @ciciadams_, @jldastin, @aprilaser, @nikki_t, @jldastin, @blackamazon, @habengirma, @richards1052, @jessiedotjs, @gocortney_, @ohheydj, @ryneches, @realabril, @realabril, @timnitgebru, @aprilaser, @realabril, @realabril, @realabril, @realabril, @realabril, @jldastin, @jldastin, and @ericajoy
| Mike Butcher / TechCrunch: |
UK-based Brightpearl, which offers operations management software for logistics and more, raises $33M Series C led by Sage — Brightpearl, which allows retailers to streamline their operations thus boosting sales, has raised $33 million in funding to scale its business.
More:
Brightpearl and Tech.eu
| John Harney / Bloomberg: |
DHS has issued an advisory to US businesses, warning of data security risks with using communication equipment and services from China-linked companies — - Homeland Security warns of trade secret, competition risks — Advisory comes after hack that Trump advisers blame on Russia| Zach Dorfman / Foreign Policy: |
| Kyle Wiggers / VentureBeat: |
Nuro says it has been granted a permit to test and charge for its commercial autonomous delivery service by California's DMV, the first company to do so — Hours after announcing that it acquired self-driving truck startup Ike, Nuro revealed it's the first company to receive permission …
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Nuro, California DMV, Bloomberg, Internet of Things News, Digital Trends, Neowin, SiliconANGLE, Engadget, and Slashdot. Tweets: @avgregr
| Kyle Wiggers / VentureBeat: |
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