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July 20, 2020, 3:15 AM
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| Phillip Inman / The Guardian: |
Sources: TikTok halts talks with UK government to build the HQ for its non-China business in London, with British ban on Huawei seen as a factor — Video-sharing app suspends building plans, with British ban on Huawei 5G kit seen as factor — The Chinese social media firm TikTok has pulled …
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Silicon Republic, Bloomberg, and The Guardian
Tweets: @charlesarthur, @donie, @pelnike, and @shashj
| Wall Street Journal: |
Sources say plans to remake GE as a software powerhouse were scuttled by employee confusion and delusions about what it would take to reposition the company — The industrial giant hoped to remake itself as a software powerhouse. Here's what went wrong. — In early 2014 …
Tweets: @xecretcode, @hoofnagle, @reckless, @tgryta, @stevesi, @erikholmwsj, and @p1bc
| Wall Street Journal: |
Sources: eBay is in advanced talks to sell its classified ads business to Norway's Adevinta for ~$8B — Deal could value eBay unit at roughly $8 billion or more — EBay Inc. EBAY -0.89% is in advanced talks to sell its classified-ads business to Norway's Adevinta AS ADE -0.69% A … | Kira Tebbe / OneZero : |
In 2019, Facebook, Apple, Amazon, Microsoft, and Google were collectively granted ~27,000 H-1B visas, over 30% of total visas available to private companies — Five tech companies use nearly 30,000 H1-B visas, while over 50% of graduate STEM degrees are earned by international students
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The Atlantic and Japan Times
Tweets: @calebwatney, @tenreirodaniel, @alfonslopeztena, @sachinrekhi, @mvzelenks, @eemoin, @_n12v, @johnkroencke, @ozm, @sarahfkessler, and @k_tebbe
| Nikkei Asian Review: |
Shanghai's year-old STAR market is now second only to Nasdaq in value of IPOs and secondary listings, attracting 17.3% of total issuance, surpassing Hong Kong — Surging debuts on ‘domestic Nasdaq’ lure investors and bolster China's strategic aims — SHANGHAI — Pan Jianwei …
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Nikkei Asian Review
| Rowan Walrath / AmericanInno: |
TileDB, which aims to simplify data management across industries through its technology that was spun out of MIT and Intel Labs, raises $15M Series A — TileDB, a startup headquartered in Cambridge that aims to simplify data management across industries, has brought in $15 million in Series A funding.
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ekathimerini.com, Greek City Times, Business Wire, Pulse 2.0, and FinSMEs
| Kenrick Cai / Forbes: |
Gem, which integrates with LinkedIn to help automate data collection and follow-up correspondence with job candidates, raises $37M Series B led by Greylock — Steve Bartel is no stranger to building teams. He joined Dropbox when the company had only two dozen employees, and acted as a hiring manager as it flew past 1,000 employees.| Arno Schuetze / Reuters: |
Teamviewer has agreed to acquire Ubimax, which makes AR software and wearable computing devices, for €136.5M — FRANKFURT (Reuters) - German software company Teamviewer (TMV.DE) has agreed to acquire peer Ubimax to expand its offering in augmented reality and internet of things, it said on Wednesday.
| Christopher Mims / Wall Street Journal: |
Retail stores, which were closing due to declining foot traffic even before the pandemic, are now increasingly being turned into online fulfillment centers — As the demand for in-person shopping diminishes, landlords, startups and retailers are converting abandoned stores into online fulfillment centers
Tweets: @gavinsbaker, @jeffmacke, @paytonchung, @denniswygmans, @wsj, @mspllc, @kayezad, @mjasay, and @mims
| Emily Birnbaum / Protocol: |
SMBs make up 70% of the 5,384 companies certified under EU-US Privacy Shield and face the biggest challenges in complying with the decision that struck it down — Tech companies across the U.S. are scrambling to figure out how they can remain in compliance with international privacy laws …
Tweets: @accessnow and @tconnellyrte
| Sophia Kunthara / Crunchbase News: |
Caption Health raises $53M Series B for its AI-guided tech that lets health care providers take diagnostic-quality ultrasound scans without specialized training — Caption Health, a company that develops artificial intelligence software for health care providers, has raised $53 million in a Series B.
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MassDevice, PitchBook, Verdict Medical Devices, PR Newswire, Forbes, MobiHealthNews, and FinSMEs
| FinSMEs: |
Zeotap, a SaaS startup that helps companies with customer intelligence, raises $42M Series C, bringing its total raised to over $60M according to Crunchbase — Zeotap, a global provider of a customer intelligence platform, raised $42m in Series C funding. — Backers included Neue Capital …
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Zeotap, YourStory.com, The Economic Times, The Tech Portal, Moneycontrol, and Entrackr. Tweets: @simonjharris
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