Shen Lu / Wall Street Journal:
How Shein, which filed for a US IPO in November 2023, became stuck in US-China tensions; Shein, founded in 2012 in China, has never sold products in the country — The fast-fashion giant aimed to bridge the divide between Beijing and Washington, but hopes for a splashy U.S. public offering have faded
Analysis: Temu and Pinduoduo parent PDD, whose shares are up 109% over the past year, has a ~$208B market cap, compared with Alibaba’s $196B and JD.com’s $48B (Sheila Chiang/CNBC)
Sheila Chiang / CNBC:
Analysis: Temu and Pinduoduo parent PDD, whose shares are up 109% over the past year, has a ~$208B market cap, compared with Alibaba’s $196B and JD.com’s $48B — PDD’s value-for-money positioning and growth of its Temu marketplace has helped the tech giant lead China’s e-commerce arena …
Malaysia plans to allocate at least ~$5.33B over the next 5-10 years under its new National Semiconductor Strategy, which aims to train 60,000 chip engineers (Norman Goh/Nikkei Asia)
Norman Goh / Nikkei Asia:
Malaysia plans to allocate at least ~$5.33B over the next 5-10 years under its new National Semiconductor Strategy, which aims to train 60,000 chip engineers — Government to allocate $5.3bn in new National Semiconductor Strategy — Malaysian Prime Minister Anwar Ibrahim speaks at a semiconductor event in Kuala Lumpur on May 28.
Google plans to shut down Google Business Profile chat, which let customers reach out to businesses in Maps and Search via text chat, on July 31, 2024 (Barry Schwartz/Search Engine Land)
Barry Schwartz / Search Engine Land:
Google plans to shut down Google Business Profile chat, which let customers reach out to businesses in Maps and Search via text chat, on July 31, 2024 — July 31, 2024 Google will shut down call history and chat – you can download your history now. — Chat with SearchBot
Leaked letter: a US group representing Google, Amazon, and Apple asks India to rethink its DMA-like Digital Competition Bill, saying it could raise user costs (Reuters)
Reuters:
Leaked letter: a US group representing Google, Amazon, and Apple asks India to rethink its DMA-like Digital Competition Bill, saying it could raise user costs — A U.S. lobby group representing tech giants Google, Amazon and Apple has asked India to rethink its proposed EU-like competition law …
Samsung’s labor union said it will carry out its first ever strike after wage negotiations, which have been ongoing since the start of 2024, broke down (Yoolim Lee/Bloomberg)
Yoolim Lee / Bloomberg:
Samsung’s labor union said it will carry out its first ever strike after wage negotiations, which have been ongoing since the start of 2024, broke down — The National Samsung Electronics Union, the largest among the tech giant’s several unions, made the statement Wednesday after negotiations …
Lenovo plans to raise $2B by issuing convertible bonds to Alat, a subsidiary of Saudi Arabia’s PIF, which would convert to ~12.1% of the company’s issued shares (P.R. Venkat/Wall Street Journal)
P.R. Venkat / Wall Street Journal:
Lenovo plans to raise $2B by issuing convertible bonds to Alat, a subsidiary of Saudi Arabia’s PIF, which would convert to ~12.1% of the company’s issued shares — The zero-coupon bonds can be exchanged for Lenovo shares — Lenovo Group is raising US$2. billion by issuing convertible bonds …
The Internet Archive says it has been under an intermittent DDoS attack for the past three days, making access inconsistent, but “the data is not affected” (Kate Irwin/PCMag)
Kate Irwin / PCMag:
The Internet Archive says it has been under an intermittent DDoS attack for the past three days, making access inconsistent, but “the data is not affected” — The California-based nonprofit that archives books and webpages online experiences distributed denial-of-service attacks …
How researchers recovered access to ~$2M worth of bitcoin stored in a software wallet, using a flaw in a decade-old version of the RoboForm password manager (Kim Zetter/Wired)
Kim Zetter / Wired:
How researchers recovered access to ~$2M worth of bitcoin stored in a software wallet, using a flaw in a decade-old version of the RoboForm password manager — Thanks to a flaw in a decade-old version of the RoboForm password manager and a bit of luck, researchers were able to unearth …
Microsoft launches Copilot for Telegram in beta; the bot is limited to text-based requests and cannot generate images for now (Emilia David/The Verge)
Emilia David / The Verge:
Microsoft launches Copilot for Telegram in beta; the bot is limited to text-based requests and cannot generate images for now — Microsoft has added an official Copilot bot within the messaging app Telegram, which lets users search, ask questions, and converse with the AI chatbot.