Meta says Manus, initially based in Beijing and Wuhan, will cut Chinese investor ties after the deal and “will discontinue its services and operations in China”
PALO ALTO, California/HONG KONG — Meta says it will acquire AI startup Manus and that the Singapore-based company …
Happn, a dating app with 170M registered users that matches people based on where they cross paths, agrees to a takeover deal with Beijing-based Hello Group
Financial Times :
Temu signed a US data storage deal with Oracle last week; Temu offered few details, but says the deal is part of an effort to localize more of its US operations
Data-storage deal with Oracle follows several states' allegations bargain site could hand over user data to Beijing Bluesky: @quinnypig.com Bluesky: Corey Quinn / @quinnypig.com : Temu: “We need a clo...
Sources: a16z is in talks to join the Oracle-led frontrunner bid for TikTok US, after being approached along with Blackstone and other large asset managers
the ban push started to help Facebook kill a competitor it couldn't out-innovate. now it's morphed into helping the GOP convert another online community into a right wing safe space Mastodon: Jeff Jar...
Sources: ByteDance offers to buy back up to $5B of shares from existing investors at ~$160 per share, putting the company's valuation at $268B, down ~10% YoY
Beijing-based ByteDance, the owner of TikTok, is offering to buy back up to US$5 billion worth of shares from existing investors …
Sources: the Cyberspace Administration of China acquired a 1% stake, or “golden shares”, in an Alibaba subsidiary, and plans to do the same for a Tencent unit
Beijing changes tack in its efforts to secure a firmer grip on the country's tech giants
Munich- and Beijing-based robotics startup Agile Robots, which will work with Foxconn, raises $220M led by SoftBank, source says at a ~$1B post-money valuation
Shai Oster / The Information :
Sources: the city of Beijing has proposed an investment in Didi Global that would give state-run firms control of the world's largest ride hailing company
- State-backed firm Shouqi Group part of potential consortium — Proposal lets China control world's largest ride-hailing firm
As it pursues TikTok, a look at how Microsoft laid roots in China in the 1990s and nurtured China's future tech leaders, including ByteDance's Zhang Yiming
Welcome to the weekend. You all already know that I'm obsessive … Zane Schwartz Last / The Logic : The U.S. did not inform Canada about its new initiative to ban Chinese technology like TikTok and We...
Acquiring TikTok would be a big bet for Microsoft in the consumer social media space that could bring content moderation and other regulatory risks
Aaron Tilley / Wall Street Journal : Tweets: @mims , @gordonhoulden , @wsjbusiness , @johnbiggs , @isadwatson , and @prosaicview Tweets: Christopher Mims / @mims : Very excited for tighter integratio...