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VOICE ARCHIVE

Primrose Riordan

@primroseriordan
10 posts
2022-12-09
🚨Temasek-backed Amber Group has raised just half of a planned $100m funding round & 🛑halted expansion plans as it fights concerns swirling post FTX. It's also making lay offs, & its China staff are threatening legal action over missed payments https://www.ft.com/... @mjruehl
2022-12-09 View on X
Bloomberg

Singapore-based Amber Group, one of Asia's largest crypto exchanges, cuts 40%+ of its staff, scraps retail operations, and terminates its Chelsea FC sponsorship

Amber Group, one of Asia's leading crypto trading and lending platforms, is cutting jobs, scrapping retail operations and terminating …

2022-10-10
“[Virtual idols] don't age...they don't get sick, or tired. Fictional characters do not have the risk of scandalous personal behaviour” Such a revealing read from @ruiyanggloriali on the “safer” multi-billion dollar virtual idol industry in China: https://www.ft.com/... https://twitter.com/...
2022-10-10 View on X
Financial Times

How virtual influencers are gaining popularity in China amid a celebrity crackdown; research predicts the industry will go from ~$870M in 2021 to ~$6.7B in 2025

Computer-generated avatars are a safer option as Beijing cracks down on human celebrities  —  China's celebrity influencers Viya … Tweets: @changeist , @mattnavarra , @astaniscia86...

2022-06-02
“Lei Jun [founder of Xiaomi] is running this vast . . . empire of small companies like a mini-Masa Son” Xiaomi-linked companies pause IPOs after Chinese regulator scrutiny https://www.ft.com/...
2022-06-02 View on X
Financial Times

Chinese media reports and documents show several companies linked to Xiaomi have paused IPO plans in recent months after being questioned about their close ties

Financial Times :

2022-04-18
Lei Jun says Xiaomi's in a “life & death” war to beat Apple in the premium market. But it's stock is down by 50%, customers still see it as budget, & previous attempts to re-brand have had middling results. We look inside the company's high end push: https://www.ft.com/...
2022-04-18 View on X
Financial Times

A look at the impact of China's crackdown on Xiaomi, which once wanted to compete with Apple and Samsung, as its shares have fallen 50%+ over the past year

Financial Times : Tweets: @primroseriordan Tweets: Primrose Riordan / @primroseriordan : Lei Jun says Xiaomi's in a “life & death” war to beat Apple in the premium market. But it'...

2021-09-30
3. And finally, as well put by @jjding99 it's caught in a geopolitical conundrum. “Western investors might want them to be more forthright in disavowing [ethnic profiling] . .  . but this would lose them business in China.” More: https://www.ft.com/... /4 https://twitter.com/...
2021-09-30 View on X
Financial Times

Profile of Chinese AI company SenseTime, which has raised $3B+, as it prepares for a Hong Kong IPO and tries to retain support from China, its biggest customer

Financial Times : Tweets: @primroseriordan , @chinabeigebook , @financialtimes , and @primroseriordan Tweets: Primrose Riordan / @primroseriordan : SenseTime is one of China's bri...

SenseTime is one of China's brightest hopes for its plan to lead the world in artificial intelligence & the company is prepping for a $2bn public listing in HK New deep dive here on whether its visions for AI dominance stack up⬇️ /1 https://www.ft.com/... @mjruehl @EllieOlcott
2021-09-30 View on X
Financial Times

Profile of Chinese AI company SenseTime, which has raised $3B+, as it prepares for a Hong Kong IPO and tries to retain support from China, its biggest customer

Financial Times : Tweets: @primroseriordan , @chinabeigebook , @financialtimes , and @primroseriordan Tweets: Primrose Riordan / @primroseriordan : SenseTime is one of China's bri...

2021-09-13
China was making a play for global esports dominance w new stadiums and uni courses. Now its pro players and teams fear the gov has turned on them and they will lose their international edge: https://www.ft.com/...
2021-09-13 View on X
Financial Times

Experts say China's gaming regulations for young players will hurt esports development in the country and hand a big advantage to rivals in other countries

Primrose Riordan / Financial Times : Tweets: @primroseriordan , @iikkakorhonen , and @chinabeigebook Tweets: Primrose Riordan / @primroseriordan : China was making a play for glob...

2021-07-26
JPMorgan: “in our view, this makes these stocks virtually uninvestable.” On the wreckage facing foreign investors from China's overhaul of its $100bn private ed industry👇 https://www.ft.com/...
2021-07-26 View on X
Bloomberg

China issues regulations for food delivery platforms, mandating minimum wage, respect for worker rights, and more, leading to Meituan shares dropping by 14%+

- It extended losses after Beijing issued food platform curbs  — Meituan is grappling with a broader antitrust investigation

JPMorgan: “in our view, this makes these stocks virtually uninvestable.” On the wreckage facing foreign investors from China's overhaul of its $100bn private ed industry👇 https://www.ft.com/...
2021-07-26 View on X
Financial Times

China's edtech overhaul could eliminate foreign investors from the sector and wipe out billions invested by Sequoia, Tiger, Tencent, and SoftBank's Vision Fund

Financial Times :

2020-11-30
“You're now seeing some fundraising rounds that are Silicon Valley-esque in size”: A swell of interest from both US & Chinese investors has catapulted Indonesia ahead of Vietnam & Thailand in terms of valuations & fundraising levels for start ups https://www.ft.com/... @mjruehl
2020-11-30 View on X
Financial Times

Google, Temasek, and Bain & Company report: investments in Indonesia's tech sector in the first half of 2020 totaled $2.8B, up 55% from the same period in 2019