South Korea's National Assembly passes a bill that forces Apple and Google to allow alternative payment systems in their app stores — Seoul requires the companies to allow competing payment systems, threatening their 30% cut of most in-app digital sales — SEOUL—Google and Apple Inc …
Sources: Indian ride-hailing company Ola is seeking to raise about $1B at an $8B+ valuation in a Mumbai IPO; source says the filing could arrive by October — - Citigroup, Kotak Mahindra, Morgan Stanley are on the listing — Startup to seek valuation of more than $8 billion in the IPO
New York and San Francisco are moving to make commission caps for delivery platforms permanent; NYC voted to approve a 23% cap, below the 30% usually charged — Grubhub vows to fight legislation as shares in European parent Just Eat Takeaway fall — Shares in Just Eat Takeaway …
A flaw in Go Ethereum, used to verify transactions, has been fixed after it caused about half of the Ethereum ecosystem to split into a separate chain — - Ethereum blockchain was divided by mistake in client software — Network patch swiftly stabilized the blockchain system
Russia's Yandex says it will buy Uber's stakes in their joint foodtech, delivery, and self-driving businesses in a $1B deal — Russian internet giant Yandex (YNDX.O) said on Tuesday it would buy Uber's (UBER.N) stakes in their joint foodtech, delivery and self-driving businesses …
Flip, a social commerce app with 1M+ downloads that mixes customer reviews with live shopping shows, raises $28M Series A led by Streamlined Ventures — Social commerce startup Flip is mixing live commerce mobile apps with real customer reviews to improve the buying experience and opportunity for the creator economy.
China's crackdown on Big Tech has shifted balance in the country's e-commerce market, with JD.com, Pinduoduo thriving while Alibaba reels under heavy pressure — Regulatory scrutiny and scandals put e-commerce leader on the ropes — SHANGHAI — China's crackdown on Big Tech has shifted …
Fossil announces Gen 6 Touchscreen smartwatch with a Snapdragon Wear 4100+ processor, starting at $299, and says it won't get Wear OS 3 until sometime in 2022 — A new Qualcomm processor promises better battery life — Fossil has announced its fall 2021 smartwatch lineup running Wear OS, which it is calling the Gen 6 Touchscreen.
Whoop, which makes a fitness tracker and sells a subscription-based health coaching app, raises $200M from SoftBank's Vision Fund 2 at a valuation of $3.6B — Funding enables fitness tracker start-up to challenge tech giants in health monitoring business — Whoop, which makes a fitness tracker …
New York Times : Electricians are flocking to regions around the US to build data centers, as AI shapes up to be an economy-bending force...
