Techmeme
November 26, 2021, 12:20 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: Chinese regulators asked Didi Global's management to devise a plan for delisting from the NYSE over concerns about leaking sensitive data  —  - 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 an expanded set of commitments as part of the regulator's oversight in the development of Privacy Sandbox  —  As part of an ongoing antitrust investigation into Google's Privacy Sandbox by the UK's competition regulator, the adtech giant has agreed …
Bloomberg:
China says it is considering setting up a digital asset exchange in Beijing and 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 fourth consecutive quarterly loss of $1.57B in Q3 on revenue of $7.6B; its core food delivery business posted revenue of $4.14B, up 28%  —  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.
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:
Olatunji Olaigbe / The Record:
How one Nigerian university student turned to cybercrime during the pandemic to pay his bills, driven by high unemployment, few well-paying jobs, and boredom  —  ILORIN, Nigeria—Around November 2020, Kayode said he was invited to a house party—the kind attended mostly by others involved in the country's illicit digital economy.

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