Techmeme
July 9, 2018, 10:55 AM

Top News

CNBC:
Xiaomi closes just below the IPO price on the first day of trading in Hong Kong after pricing IPO at the bottom of the range at $2.17/share and raising $4.7B  —  - The company's Hong Kong offering was priced at 17 Hong Kong dollars, which was on the low end of the expected range.
Paul Mozur / New York Times:
How China's drive for a surveillance state is fueling an investment boom in surveillance firms and can instill mass obedience regardless of the tech's efficacy  —  ZHENGZHOU, China — In the Chinese city of Zhengzhou, a police officer wearing facial recognition glasses spotted a heroin smuggler at a train station.
Foeke Postma / bellingcat:
Analysis: fitness tracking website Polar Flow exposed info like names and home addresses of ~6500 military, FBI, NSA, and other staffers at 200+ sensitive sites  —  Polar, a fitness app, is revealing the homes and lives of people exercising in secretive locations, such as intelligence agencies …
Timehop:
Timehop says it detected a network intrusion on July 4 that led to a data breach of names, email addresses, and some phone numbers affecting ~21M users  —  On July 4, 2018, Timehop experienced a network intrusion that led to a breach of some of your data.  We learned of the breach …
Business Insider:
Profile of Megvii, a Chinese AI firm which reportedly raised $460M in November for its Face++ facial recognition tech used by 300K developers in 150 countries  —  - Two Chinese startups, SenseTime and Megvii, are becoming the world leaders in real-world deployment of facial recognition software …

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