Memo: the TikTok US deal is set to close on Jan. 22; terms include retraining the recommendation algorithm on US user data and Oracle overseeing data protection
Revamped ‘TikTok USA’ Expected Next Month Wesley Hilliard / AppleInsider : US investors to close deal on 50% ownership of TikTok January 22 Sports Business Journal : TikTok sale becomes official, with...
China is expediting IPO approvals amid its AI rivalry with the US, recently approving listings for chip designers MetaX and Moore Threads in just three months
The tech rivalry with the U.S. has made China take an unusual step: It is accelerating the pace at which startups go public …
Nintendo delays Switch 2 preorders, which were set to start on April 9, “to assess the potential impact” of Trump's tariffs; the June 5 launch date is unchanged
June 5 launch date still on schedule Charles Harte / Game Informer : Trump Tariff Plans Delay Nintendo Switch 2 Pre-Order Date Arol Wright / How-To Geek : Tariffs Just Killed Nintendo Switch 2 Pre-Ord...
Sources: StubHub, Klarna, eToro, and adtech group MNTN have paused their IPO plans as President Trump's trade war upends the global economy and public markets
Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump's trade war upends the global economy …
Sources: Shein's UK IPO may be delayed to H2 2025 after President Trump's import crackdown; Shein had told investors a London IPO could happen as soon as Easter
Financial Times :
Klarna's US IPO listing is another deep blow to Europe, where the lack of a complete single market is pushing EU startups to choose US exchanges for their IPOs
Until there is a single market in areas from services to capital markets, more companies will choose American exchanges
How Shein, which filed for a US IPO in November 2023, became stuck in US-China tensions; Shein, founded in 2012 in China, has never sold products in the country
The fast-fashion giant aimed to bridge the divide between Beijing and Washington, but hopes for a U.S. IPO have faded @shenlulushen @cdriebusch @raffaelehuang https://www.wsj.com/... https://www.wsj.c...
Reddit says FTC launched an inquiry into Reddit's licensing of user data to AI companies; an ex-FTC official says other companies also got such “hold letters”
In an updated IPO prospectus on Friday, Reddit said it's being probed by the FTC for its data-licensing practices. — Although Reddit's core business relies on online advertising, the company is seek...
Sources: the Cyberspace Administration of China plans to review Shein's data handling and sharing practices, which could delay the company's forthcoming US IPO
Wall Street Journal :
UK and EU regulators blocking Adobe's Figma deal changes the liquidity environment for startup founders and VCs, and focuses dollars on IPO-capable winners
The writing has been on the wall for sometime — the regulators on both sides of the Atlantic have been hemming and hawing …