Techmeme

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Lulu Yilun Chen / Bloomberg:
Chinese on-demand services provider Meituan-Dianping closes up 5.3% on its first day of trading in Hong Kong after raising $4.2B in its IPO   —  - Tencent-backed app is burning cash to win market share  — Meituan IPO is H.K.'s biggest since Xiaomi's in July
Sep 20, 2018, 1:35 AMIn context
Alyza Sebenius / Bloomberg:
Report says illicit cryptocurrency mining has surged 459% in 2018 YoY and that the spike is tied to the 2017 US government leak of hacking tool EternalBlue   —  - Cyber Threat Alliance releases report on cryptocurrency mining  — Illicit cryptocurrency mining surged 459 percent in 2018
Sep 19, 2018, 7:10 PMIn context
Spencer Soper / Bloomberg:
Sources: Amazon is considering a plan to open up to 3,000 Amazon Go cashierless stores by 2021   —  - Rapid expansion would rank it among biggest convenience chains  — Retailer is testing different formats for AmazonGo strategy  —  Amazon.com Inc. is considering a plan to open …
Sep 19, 2018, 3:38 PMIn context
Andy Hoffman / Bloomberg:
Oil traders and banks, including Citi and ING, partner to form a new platform called Komgo, to develop a blockchain-based system to track commodity transactions   —  - New Komgo entity will develop ledger to track commodity trades  — Shell, Mercuria, Gunvor team up with banks including ING, Citi
Sep 19, 2018, 1:40 PMIn context
Aoife White / Bloomberg:
EU Competition Commissioner Margrethe Vestager says regulators are probing how Amazon gathers and uses info on sales made by competitors on Amazon Marketplace   —  - EU's Vestager is checking how Amazon uses rival sales data  — Amazon has dual purpose as retailer and host to other sellers
Sep 19, 2018, 1:02 PMIn context
Bloomberg:
Sources: Tesla under criminal investigation by DOJ over public statements made by Tesla and CEO Elon Musk, alongside a previously-reported civil inquiry by SEC   —  Tesla is under investigation by the Justice Department over public statements made by the company and Chief Executive Officer Elon Musk …
Sep 18, 2018, 12:02 PMIn context
Alex Barinka / Bloomberg:
Tencent-backed content aggregator Qutoutiao closes up 128% after raising $84M in its IPO, the biggest first-day increase of a significant US IPO in 2018   —  - ‘Fun Headlines’ news aggregator rises as much as 191 percent  — Downsized, bottom-range IPO leads to biggest first-day rise
Sep 14, 2018, 7:30 PMIn context
Bloomberg:
Sources describe Larry Page as more withdrawn than ever, with his immersion in tech solutions of tomorrow distracting him from the problems Google faces today   —  Larry Page was a no-show.  The co-founder and de facto leader of Google is famous for his wild bets on airborne taxis and space elevators …
Sep 13, 2018, 8:35 AMIn context
Peter R. Orszag / Bloomberg:
Researchers say Chinese academics now account for more than one-third of global publications in physical sciences, engineering, and math, exceeding US share   —  Beijing's long-term efforts to promote academic scholarship are paying off.  —  Thirty years ago in December …
Sep 13, 2018, 7:00 AMIn context
Alistair Barr / Bloomberg:
Apple iPhone Xs models do not include eSIM tech in China, since carriers there stopped offering cellular service to eSIM-based Apple Watch models in 2017   —  Apple Inc.'s latest iPhones show how the world's largest technology company has to adjust its strategy for the crucial Chinese market.
Sep 12, 2018, 10:20 PMIn context

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