Techmeme
December 24, 2020, 2:10 PM

Top News

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
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 …
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 …
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 …
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
Nikhilesh De / CoinDesk:
SEC sues Ripple Labs, its CEO Brad Garlinghouse, and Chairman Chris Larsen, alleging they violated federal securities laws in selling XRP to retail consumers  —  The U.S. Securities and Exchange Commission (SEC) believes Ripple Labs violated federal securities laws in selling the XRP cryptocurrency to retail consumers.
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.
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 …
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:

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