Friday, December 24, 2021

Thursday, December 23, 2021

How Tobi Lütke led Shopify to becoming an e-commerce giant, helping ~2M merchants run stores as its market cap rose from $46B in early 2020 to $174B today (Brad Stone/Bloomberg)

Brad Stone / Bloomberg:
How Tobi Lütke led Shopify to becoming an e-commerce giant, helping ~2M merchants run stores as its market cap rose from $46B in early 2020 to $174B today  —  Tobi Lütke transformed the Canadian upstart into an e-commerce giant by being the anti-Bezos.  How long can the formula keep working?



A look at attempts by TikTok's biggest stars to expand onto other platforms, including Charli D'Amelio's Hulu docuseries, often with mixed results (Jon Caramanica/New York Times)

Jon Caramanica / New York Times:
A look at attempts by TikTok's biggest stars to expand onto other platforms, including Charli D'Amelio's Hulu docuseries, often with mixed results  —  This year, the app's biggest stars — Charli and Dixie D'Amelio, Noah Beck, Addison Rae and others — leapt from the phone screen to other platforms …



Star Wars Eclipse: What we know so far

https://ift.tt/3yTkdxA

Sources: Lina Khan is advancing an FTC investigation into AWS, started in 2019, including whether AWS discriminates against non-exclusive clients (Bloomberg)

Bloomberg:
Sources: Lina Khan is advancing an FTC investigation into AWS, started in 2019, including whether AWS discriminates against non-exclusive clients  —  The U.S. Federal Trade Commission is pushing forward with antitrust scrutiny of Amazon.com Inc.'s cloud computing business, according to people familiar with the matter.



Sources: Vista Equity will acquire a majority stake in SalesLoft, which offers sales engagement tools, at a $2.3B valuation; SalesLoft has $100M+ ARR (Laura Cooper/Wall Street Journal)

Laura Cooper / Wall Street Journal:
Sources: Vista Equity will acquire a majority stake in SalesLoft, which offers sales engagement tools, at a $2.3B valuation; SalesLoft has $100M+ ARR  —  The deal comes as technology-focused Vista is gearing up to raise its largest buyout fund yet  —  Vista Equity Partners is taking …



Intel apologizes following backlash after telling Chinese suppliers to avoid Xinjiang labor, saying it only did so to "ensure compliance" with US law (Bloomberg)

Bloomberg:
Intel apologizes following backlash after telling Chinese suppliers to avoid Xinjiang labor, saying it only did so to “ensure compliance” with US law  —  - Brand ambassador Wang Junkai cuts ties with the U.S. chipmaker  — Intel asked suppliers not to use labor, products from Xinjiang



Wednesday, December 22, 2021

HP begins manufacturing laptops, multiple PC products in India

PC and printer major HP Inc on Wednesday said it has started local manufacturing of multiple PC products including laptops in India, as the government renews its thrust on the 'make in India' initiative. https://ift.tt/3GVx6Km

India says it expects domestic chip production to start in the next 2-3 years; its $10B semiconductor incentive scheme begins taking applications on January 1 (Shruti Srivastava/Bloomberg)

Shruti Srivastava / Bloomberg:
India says it expects domestic chip production to start in the next 2-3 years; its $10B semiconductor incentive scheme begins taking applications on January 1  —  - Government to accept applications from chipmakers from Jan. 1  — India currently imports 100% of its chip requirements



Foxconn's India unit Bharat FIH files for $663 million domestic IPO

https://ift.tt/3yRTX6U

Chinese state media says regulators suspended an info-sharing partnership with Alibaba Cloud over accusations it failed to promptly report a Log4j vulnerability (Reuters)

Reuters:
Chinese state media says regulators suspended an info-sharing partnership with Alibaba Cloud over accusations it failed to promptly report a Log4j vulnerability  —  Chinese regulators on Wednesday suspended an information-sharing partnership with Alibaba Cloud Computing …



Intel faces criticism in China after asking suppliers not to use Xinjiang labor or products, with a Weibo hashtag on the topic drawing over 250M views (Bloomberg)

Bloomberg:
Intel faces criticism in China after asking suppliers not to use Xinjiang labor or products, with a Weibo hashtag on the topic drawing over 250M views  —  - Chipmaker says it doesn't use labor or supplies from Xinjiang  — Western nations have accused China of forced labor in region



Amazon to acquire full stake in JV Prione Business Services

https://ift.tt/3Jay0EH

Baidu VP Qu Jing posted several videos on Douyin demeaning staff, intended to promote Baidu, that reignited criticism of Chinese tech companies' work culture (Financial Times)

Financial Times : Baidu VP Qu Jing posted several videos on Douyin demeaning staff, intended to promote Baidu, that reignited criticism o...