Techmeme
November 26, 2021, 2:35 PM

Top News

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 …
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
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:
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.
More: Cryptonews
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.
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.
Paul Stamatiou:
A look at some key design challenges in crypto and Web3, from onboarding to wallet security, that need to be addressed for the next generation of users  —  It's still early days in crypto.  —  That's what you'll hear everywhere when you start digging into crypto and web3 today.
Reuters:
Chinese e-commerce company Pinduoduo reports $3.3B in Q3 revenue, up 51% YoY, vs. $4.1B estimated, and 741.5M MAUs, up 15% YoY; stock is down 15%+  —  Shares in Chinese e-commerce platform Pinduoduo Inc (PDD.O) plunged as much as 19% in pre-market U.S. trade on Friday after the company missed …
Nicole Carpenter / Polygon:

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