Articles from www.bloomberg.com

Articles from www.bloomberg.com

Adobe: US shoppers spent $14.2B during Amazon's 48-hour Prime Day sale, up 11% YoY and in line with estimates; Numerator: the average household spent about $152 (www.bloomberg.com)
2024-7-19 Amazon Adobe

CCData: crypto coin listings on higher-volume exchanges like Binance and Coinbase are cumulatively up 11.6% to 2,066 in H1 2024, surpassing all of 2023 (www.bloomberg.com)
2024-7-18 Coinbase

Rotterdam-based chip gear maker Nearfield raised a €135M Series C led by Walden Catalyst Management and Temasek, and “is on track to become a unicorn by 2026” (www.bloomberg.com)
2024-7-18

China has been ASML's biggest market for four quarters in a row, with sales rising 21% YoY to €2.3B in Q2 2024, accounting for 49% of the company's sales (www.bloomberg.com)
2024-7-18 China

A look at the Cyberspace Administration of China, which oversees the country's AI and data strategy, as it relaxes some policies to promote economic growth (www.bloomberg.com)
2024-7-18 China AI

The US SEC sues former DWAC CEO Patrick Orlando for allegedly misleading investors about his company's plans for a SPAC merger with Trump's social media company (www.bloomberg.com)
2024-7-18 Trump

Sources: Coatue, Alkeon Capital, General Catalyst and others have invested in Figma as part of a deal valuing it at $12.5B; Figma is delivering ARR of $700M+ (www.bloomberg.com)
2024-7-18

Yemen says a ship has repaired the subsea AAE-1 cable, linking Asia and Europe, in the Red Sea, and remains in the water to repair the Seacom and EIG cables (www.bloomberg.com)
2024-7-17 Europe Asia

Human Interest, a 401(k) provider for SMBs that aims to cut down on administration and compliance work, raised $267M in equity and debt at a $1.33B valuation (www.bloomberg.com)
2024-7-17 Equity

The EU's General Court says TikTok is large enough to fall under the DMA, rejecting ByteDance's challenge; ByteDance can appeal to the European Court of Justice (www.bloomberg.com)
2024-7-17 Europe

Sources: the US is mulling imposing the foreign direct product rule, seen as draconian by allies, on Tokyo Electron and ASML's chip equipment business in China (www.bloomberg.com)
2024-7-17 China Tokyo

Donald Trump says “I'm for TikTok, because you need competition”, and “if you don't have TikTok, you have Facebook and Instagram” and “that's Zuckerberg” (www.bloomberg.com)
2024-7-17 Trump Facebook Instagram Zuckerberg

The UK CMA opens a formal investigation into Microsoft's Inflection AI investment, and sets a September 11 deadline on opening an in-depth investigation (www.bloomberg.com)
2024-7-16 Microsoft AI

Shanghai government website: Huawei is close to finishing building its $1.4B chip R&D center in Shanghai, housing ~30,000 staff and covering 1.6M square meters (www.bloomberg.com)
2024-7-16 Real Estate Shanghai

London-based Huma Therapeutics, which uses AI to help developers make health apps, raised an $80M Series D at a near-$1B valuation, for $300M in total funding (www.bloomberg.com)
2024-7-16 AI London

An Indian court allows insolvency proceedings to begin against edtech startup Byju's, and installs an interim resolution professional to replace Byju Raveendran (www.bloomberg.com)
2024-7-16 India Startup

Sources: Google offered CISPE ~€455M worth of Google cloud licenses and €14M in cash in a deal for CISPE to maintain its antitrust complaint against Microsoft (www.bloomberg.com)
2024-7-16 Google Microsoft

Mexican fintech OCN, formerly known as OneCarNow, which offers car rentals for gig workers in Mexico and the US, raised a $86M Series A in equity and debt (www.bloomberg.com)
2024-7-16 Mexico Fintech Equity

UK regulators are probing the competitiveness of digital wallets provided by Apple, Google, PayPal, and others, and what risks the wallets pose to consumers (www.bloomberg.com)
2024-7-16 Google Apple

ASML-funded Eindhoven University faces questions from the US about admitting Chinese students, as the US increasingly seeks to stem China's chip-making efforts (www.bloomberg.com)
2024-7-16 China

Filing: HashiCorp says the company and IBM both received a request from the FTC for more information on IBM's proposed $6.4B takeover of the software maker (www.bloomberg.com)
2024-7-16 IBM

OneStream, which makes enterprise financial software, aims to raise up to $465.5M in a US IPO, selling 24.5M shares for $17 to $19 for an up to $4.4B valuation (www.bloomberg.com)
2024-7-15 IPO

Yandex finalizes a deal to sell its Russian business and renames the new business as Nebius Group; sources say Yandex founder Arkady Volozh will become CEO (www.bloomberg.com)
2024-7-15 Russia

IDC and Counterpoint say the global smartphone market grew 6.5% and 6%, respectively, in Q2 2024, helped by China's 618 event discounts; iPhone sales stabilized (www.bloomberg.com)
2024-7-15 China iPhone

Source: Apple's India revenue rose 33% YoY to almost $8B between March 2023 and March 2024, and up from $4.1B in March 2022; pricey iPhones were 50%+ of sales (www.bloomberg.com)
2024-7-15 India Apple

A look at Nexus, a Bank for International Settlements-backed project aiming to link domestic smartphone-based payment systems for instant cross-border payments (www.bloomberg.com)
2024-7-15

Tether-backed Northern Data expects sales of €200M-€240M in 2024, up from €77.5M in 2023, on AI demand, as it disputes allegations of misrepresenting finances (www.bloomberg.com)
2024-7-13 AI

Arkham: the German government appears to have sold its last bitcoin on July 12, after authorities seized ~50K bitcoin, worth $2B+, in January 2024 from suspects (www.bloomberg.com)
2024-7-13 Germany Bitcoin

Hashed: 1M+ memecoins have been created on Pump.fun, a platform based on the Solana and Blast blockchains, generating $50M+ in revenue since its January launch (www.bloomberg.com)
2024-7-13

Snowflake confirms that the data breach at AT&T is connected to the hack that has affected other customers, including Ticketmaster and LendingTree (www.bloomberg.com)
2024-7-13 AT&T

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