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January 19, 2022

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TikTok owner ByteDance cuts investment team amid China crackdown

Reuters
The ByteDance logo is seen in this illustration taken, Nov. 27, 2019. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register BEIJING, Jan 19 (Reuters) – TikTok owner ByteDance is shrinking its investment team and dissolving a sub-group focused on financial returns in response to regulatory crackdowns in......

Netflix raises monthly subscription prices in U.S., Canada

Reuters
A smartphone with the Netflix logo is seen on a keyboard in front of displayed “Streaming service” words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, Jan 14 (Reuters) – Netflix Inc has raised its monthly subscription......

JPMorgan profit beats estimates on M&A boost

Reuters
A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register Jan 14 (Reuters) – JPMorgan Chase & Co (JPM.N) reported a 14% fall in fourth-quarter earnings on Friday......

INCE completes $700 mln VC fundraising amid China tech crackdown

Reuters
SHANGHAI, Jan 7 (Reuters) – China-focused venture capital (VC) firm INCE Capital said it had secured $700 million in commitments for two dollar-denominated funds, indicating global investors were not entirely deterred by Beijing’s regulatory crackdown on the tech sector. INCE’s latest fundraising got strong support from global institutional investors, including......

Uber to end restaurant deliveries in Brazil

Reuters
SAO PAULO, Jan 6 (Reuters) – Uber (UBER.N) has decided to end its Uber Eats restaurant delivery service in Brazil starting on March 7, the company said in a statement without specifying a reason. Uber added that its Uber Eats Brazil operation will focus on deliveries by its online groceries......

Udaan raises $200 mln via convertible notes

Reuters
NEW DELHI, Jan 5 (Reuters) – Indian e-commerce firm Udaan has raised $200 million via convertible note financing in a round in which new and existing investors participated, an internal memo by the company’s chief financial officer said on Wednesday. Bengaluru-based Udaan, backed by venture firm Lightspeed, DST Global and......

Private equity firm TPG seeks $9.5 bln valuation in U.S. IPO

Reuters
Jan 4 (Reuters) – Private equity firm TPG disclosed on Tuesday it is aiming for a $9.5 billion valuation in its U.S. initial public offering (IPO), as it presses on with a stock market flotation later this month. The underperformance of its peers’ shares over much of the last decade......

Tencent raises $3 bln in Sea share trade -term sheet

Reuters
A logo of Tencent is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Jan 5 (Reuters) – Chinese gaming and social media company Tencent Holdings......

Samsung, Micron warn China’s Xian lockdown could disrupt memory chip manufacturing

Reuters
Workers in protective suits stand at an entrance to a university’s residential area under lockdown following the coronavirus disease (COVID-19) outbreak in Xian, Shaanxi province, China December 20, 2021. China Daily via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com Register Xian lockdown adds to global supply chain......

Riot Games agrees to pay $100 mln to settle gender discrimination lawsuit

Reuters
A Tencent sign at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Dec 27 (Reuters) – Tencent Holdings’ (0700.HK) Riot Games on Monday said it has agreed to pay $100 million to settle a......

U.S. reality TV star Paris Hilton launches metaverse business on Roblox

Reuters
Paris Hilton poses at the LACMA Art+Film Gala in Los Angeles, California, U.S. November 6, 2021. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register Dec 28 (Reuters) – Paris Hilton commands as much as $1 million a night working as a celebrity DJ, entertaining partiers at clubs......

Thousands of flights scrapped globally as Omicron mars Christmas weekend

Reuters
NEW YORK, Dec 24 (Reuters) – Commercial airlines around the world canceled more than 4,000 flights over the Christmas weekend, as a mounting wave of COVID-19 infections driven by the Omicron variant created greater uncertainty and misery for holiday travelers. Airline carriers globally scrapped at least 2,314 flights on Friday,......

U.S. airlines cut hundreds of Christmas Eve flights, but Americans carry on

Reuters
Travelers pull rolling luggage behind them inside Tom Bradley International Terminal at Los Angeles International Airport (LAX) during the holiday season as the coronavirus disease (COVID-19) Omicron variant threatens to increase case numbers in Los Angeles, California, U.S., December 22, 2021. REUTERS/Bing Guan Register now for FREE unlimited access to......

Apple’s App Store broke competition laws, Dutch watchdog says

Reuters
Dec 24 (Reuters) – The Netherlands’ top competition regulator on Friday said Apple Inc (AAPL.O) broke the country’s competition laws and ordered changes to the iPhone maker’s App Store payment policies. Apple’s practice of requiring app developers to use its in-app payment system and pay commissions of 15% to 30%......

Asset bubbles? Champagne outfizzes Big Tech and bitcoin in 2021

Reuters
LONDON, Dec 24 (Reuters) – You might be tempted to pop corks if you’ve invested in vintage champagne this year – the most coveted bottles have outperformed all major financial market assets, from Big Tech to bitcoin. Online platforms that allow you to trade desirable wine, champagne and spirit vintages,......

Tencent to transfer $16.4 bln JD.com stake to shareholders

Reuters
A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Dec 23 (Reuters) – Gaming and social media giant Tencent (0700.HK) will distribute most of its JD.com (9618.HK) stake worth HK$127.69 billion ($16.37 billion) to its shareholders, losing......

Sony, Zee lock India merger to create mega TV network

Reuters
BENGALURU, Dec 22 (Reuters) – Sony’s (6758.T) India unit has finalised a deal with local rival Zee Entertainment (ZEE.NS) to merge their television channels, film assets and streaming platforms, joining forces to take on the likes of Netflix and Disney in India. India, still heavy on direct-to-home TV entertainment, has......

Facebook, Twitter, Pinterest drop CES plans over COVID-19 concerns

Reuters
Attendees head into the Sands Expo and Convention Center during the 2020 CES in Las Vegas, Nevada, U.S. January 7, 2020. REUTERS/Steve Marcus Register now for FREE unlimited access to Reuters.com Register Dec 21 (Reuters) – Facebook parent Meta Platforms Inc (FB.O), Twitter Inc (TWTR.N) and Pinterest Inc (PINS.N) separately......

China’s Alibaba pledges carbon neutrality by 2030

Reuters
The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Dec 17 (Reuters) – Alibaba Group (9988.HK) will aim to achieve carbon neutrality in its own operations and slash emissions across its......

Licence to trill: Apple TV+ plans documentary on James Bond soundtracks

Reuters
Dec 16 (Reuters) – “The Sound of 007”, a documentary commemorating music from the James Bond movies will debut on Apple TV+ (AAPL.O) next year to mark the 60th anniversary of the Bond franchise. The programme will explore the creation of the soundtracks from films such as “Dr. No” and......

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