Articles from www.bloomberg.com

Articles from www.bloomberg.com

China issues new rules letting online merchants set their own prices across platforms for goods and services they sell, effective April 10, 2026, for five years (www.bloomberg.com)
2025-12-20 China

Meta board member Dina Powell McCormick, an ex-top adviser to Trump, steps down after joining in April; source: she is considering retaining an advisory role (www.bloomberg.com)
2025-12-20 Trump

Sources: the Chan Zuckerberg Initiative cut ties with FWD.us, a pro-immigration advocacy group founded by Mark Zuckerberg, eliminating its main funding source (www.bloomberg.com)
2025-12-20 Immigration Zuckerberg

Sources: ByteDance is on track for ~$50B profit in 2025 after generating a ~$40B net income in the first three quarters, surpassing its internal target for 2025 (www.bloomberg.com)
2025-12-20

DraftKings launches DraftKings Predictions, a new app that lets customers in 38 states trade contracts on sports and financial events through prediction markets (www.bloomberg.com)
2025-12-20

Sources: The Chan Zuckerberg Initiative cuts ties with FWD.us, an immigration advocacy group founded by Mark Zuckerberg, eliminating FWD.us' main funding source (www.bloomberg.com)
2025-12-19 Immigration Zuckerberg

Coinbase sues Connecticut, Illinois and Michigan over state attempts to regulate prediction markets, arguing that they fall under the jurisdiction of the CFTC (www.bloomberg.com)
2025-12-19 Coinbase CFTC

The US Senate confirms Trump pick Michael Selig as chairman of the CFTC, as lawmakers consider legislation to give the agency more control over digital assets (www.bloomberg.com)
2025-12-19 Trump Asset Senate CFTC

Sources: Riot Games is working on a major overhaul of League of Legends, internally called League Next, for 2027; Riot confirms a big update is in the works (www.bloomberg.com)
2025-12-19

Twenty-four companies, including Microsoft, Google, Nvidia, OpenAI, and AWS, join the US Genesis Mission to boost the use of AI for scientific discovery (www.bloomberg.com)
2025-12-19 Google Microsoft AI Nvidia

Edison, which last month released AI tool Kosmos to speed up and automate complex scientific hypothesis generation, raised $70M at a $250M valuation (www.bloomberg.com)
2025-12-19 AI

Imprint, which helps retailers like Brooks Brothers offer co-branded credit cards and manage loyalty programs, raised $150M led by Khosla at a $1.2B valuation (www.bloomberg.com)
2025-12-19 Credit Card

Documents: OpenAI has sold 700K+ ChatGPT licenses to ~35 US public universities for students and faculty, who used it 14M+ times in September, beating Copilot (www.bloomberg.com)
2025-12-18

Amazon CSO Stephen Schmidt says subtle keystroke data lag, measuring 110ms instead of the expected tens of milliseconds, helped catch a North Korean IT worker (www.bloomberg.com)
2025-12-18 Korea Amazon

Honda plans to halt production in Japan and China from December 29 to January 6, showing the ongoing fallout of the global chip shortage and Nexperia takeover (www.bloomberg.com)
2025-12-18 China Japan Honda

Rome-based Exein, which offers cybersecurity tools for protecting connected devices including cars and home routers, raised €100M led by Blue Cloud Ventures (www.bloomberg.com)
2025-12-18

Tokyo-based Resonac, a crucial cutting-edge chip chemicals supplier whose shares are up 40%+ YTD, says it has bolstered China production capacity to meet demand (www.bloomberg.com)
2025-12-18 China Tokyo

Sources: Pinduoduo and Temu owner PDD fires dozens following a fistfight between employees and Chinese officials probing fraudulent deliveries on its platform (www.bloomberg.com)
2025-12-18 China

Manus says it crossed $100M ARR eight months after launch and is growing at 20%+ MoM since Manus 1.5's release; its total revenue run rate is now over $125M (www.bloomberg.com)
2025-12-18

India-listed RRP Semiconductor's stock surged 55,000%+ in the 20 months through Dec. 17, despite negative revenue; source: India's SEBI is examining the surge (www.bloomberg.com)
2025-12-18 India

Circana: US game console spending fell 27% in November to $695M, the lowest in the pivotal month for holiday shopping since 2005, after a tough year for makers (www.bloomberg.com)
2025-12-18

Oracle says final negotiations on an equity deal for its Michigan data center project are “on schedule” and Related Digital will be its development partner (www.bloomberg.com)
2025-12-18 Oracle Equity

Sources: Binance has been exploring ways to reboot its Binance.US affiliate, including a recapitalization to cut CZ's stake, which is a hurdle to expansion (www.bloomberg.com)
2025-12-18

AI chip startup Mythic, which develops “analog processing units” to perform AI computations within memory, raised $125M led by DCVC; its CEO is a Nvidia veteran (www.bloomberg.com)
2025-12-18 Startup AI Nvidia

Sources: 6+ Chinese AI companies, including chip firms Montage and GigaDevice, are set to go public in Hong Kong in the coming weeks, aiming to raise up to $1B (www.bloomberg.com)
2025-12-17 China Hong Kong AI

Bengaluru-based e-commerce platform Meesho is up 95% from its IPO offer price, valuing it at nearly $11B and making it India's best-performing major IPO of 2025 (www.bloomberg.com)
2025-12-17 India IPO

Monzo receives an Irish banking license, allowing the London-based digital lender to offer current and savings accounts across the EU (www.bloomberg.com)
2025-12-17 London

Chinese AI chipmaker MetaX's shares jumped up to 755% in its Shanghai debut after a heavily oversubscribed $585.5M IPO, pushing its market cap past $42B (www.bloomberg.com)
2025-12-17 China IPO AI Shanghai

Sources: Waymo is in discussions to raise more than $15B at a valuation near $100B, in a round led by Alphabet; an October 2024 round valued Waymo at above $45B (www.bloomberg.com)
2025-12-17 Alphabet

Perplexity updates its iPad app to improve multitasking and focus on research tools, part of a push to add business customers, after launching Comet on Android (www.bloomberg.com)
2025-12-17 Android iPad

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