Wednesday, January 3, 2024

US federal prosecutors charge Tingo Group founder Mmobuosi Odogwu Banye with securities fraud in New York, accusing him of massively inflating Tingo's finances (Ava Benny-Morrison/Bloomberg)

Ava Benny-Morrison / Bloomberg:
US federal prosecutors charge Tingo Group founder Mmobuosi Odogwu Banye with securities fraud in New York, accusing him of massively inflating Tingo's finances  —  - Criminal charges follow SEC lawsuit against Dozy Mmobuosi  — Mmobuosi is still ‘at large,’ federal prosecutors in NY said



A look at Shein and Temu's Chinese supply chain: the platforms offer a lifeline to suppliers, but margins are razor-thin, prices must stay low, and unsold stock (Wall Street Journal)

Wall Street Journal:
A look at Shein and Temu's Chinese supply chain: the platforms offer a lifeline to suppliers, but margins are razor-thin, prices must stay low, and unsold stock  —  Shopping apps throw a lifeline to Chinese exporters, but it is a trade-off  —  SHENZHEN, China—E-commerce sellers Shein …



A look at the battle brewing between satellite operators over the use of orbit spectrum, as SpaceX's Starlink, Project Kuiper, and others push for looser rules (Peggy Hollinger/Financial Times)

Peggy Hollinger / Financial Times:
A look at the battle brewing between satellite operators over the use of orbit spectrum, as SpaceX's Starlink, Project Kuiper, and others push for looser rules  —  A contest between legacy and new operators is brewing over the use of spectrum  —  There is a battle brewing in space.



Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...