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December 28, 2020, 10:50 AM
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| Bloomberg: |
China's central bank tells Ant it must overhaul its lending, insurance, and wealth management businesses and come up with a timetable as soon as possible — - Authorities require Ant to overhaul business, set up timetable — Ant was blasted over governance, disdain toward compliance| Coco Liu / Bloomberg: |
Alibaba raises proposed stock repurchase program by $4B to $10B, but shares slide 8%+, shedding $270B of value since its October peak amid antitrust fears — - Investors flee biggest names from Tencent to Meituan and JD — Probe coincides with a clampdown on part-owned Ant Group| Coco Liu / Bloomberg: |
Zuoyebang, which offers live-streamed classes and other remote study services and has 170 MAUs, raises $1.6B from Alibaba, Tiger Global, and others — - Zuoyebang's fundraising follows a $750 million round in June — Online learning has turned red-hot this year since pandemic| Wency Chen / KrASIA: |
Chinese online education startup Yuanfudao raises $300M from Jack Ma's Yunfeng Capital, bringing its total raised during 2020 to $3.5B — The high-flying company this year already snagged USD 3.5 billion from investors. — The high-flying online education company Yuanfudao …
More:
Tech in Asia, Tech in Asia, and Pandaily
| Lee Brown / New York Post: |
Nashville mayor says the Christmas day explosion in the city appears to have targeted an AT&T building, amid reports the suspect was paranoid about 5G — Nashville's mayor said Sunday that the city's Christmas blast appeared to be an “infrastructure attack” on the AT&T building there …
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The Guardian, AT&T, The Tennessean, WSMV-TV, Washington Post, phonearena.com, International Business Times, NetBlocks, NPR, and UPI
| Joe Rossignol / MacRumors: |
Kuo: Apple Car's unclear development schedule means it may launch in 2025-2027, while changes in EV and self-driving markets may push the launch to 2028 — Earlier this week, Reuters reported that Apple is targeting 2024 for production of its long-rumored electric vehicle with “next level” …
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9to5Mac, MacDailyNews, Wccftech, AppleInsider, Patently Apple, iDownloadBlog.com, Philip Elmer‑DeWitt, coinspeaker.com, Mashable, BGR India, MyFixGuide.com, Pocketnow, Ubergizmo, SlashGear, iClarified, phonearena.com, 500ish, iPhone in Canada Blog, appleosophy.com, iPhone Hacks, iMore, and Philip Elmer‑DeWitt
Tweets: @asymco, @angellamuno, @bluelantern92, @rjonesy, @rsgnl, and @leaksapplepro
| Tim Bradshaw / Financial Times: |
A look at challenger search engines like UK-based Mojeek, You.com, and Neeva, founded by former Google execs, all targeting Google as it fights antitrust suits — Challengers such as Neeva bet on alternative approaches as tech giant faces regulatory scrutiny
Tweets: @psb_dc, @martinsfp, @paulnemitz, @francesca_bria, and @aghose
| Kim Lyons / The Verge: |
Citing environmental concerns, Xiaomi CEO says its flagship Mi 11 phone will not come with a charger in the box; Xiaomi mocked Apple earlier over the same issue — Xiaomi's CEO confirmed the decision on social media site Weibo — Lei Jun, the CEO of Chinese phone maker Xiaomi …
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Mi Blog, Softpedia News, AnandTech, HotHardware.com News, ZDNet, XDA Developers, Apple Terminal, TechSpot, Neowin, Redmond Pie, SlashGear, iDownloadBlog.com, Pocketnow, Pandaily, Gizmodo, Firstpost Tech, Android Headlines, CNET, Phandroid, MacRumors, iPhone in Canada Blog, International Business Times, iClarified, BGR India, Game Rant, AppleInsider, Mashable, PCMag, Engadget, and GSMArena.com
| Lily Hay Newman / Wired: |
A look at the worst hacks of 2020: SolarWinds, Twitter, Blueleaks, University Hospital Düsseldorf, Vastaamo, and Garmin — From ransomware schemes to supply chain attacks, this year melded classic hacks with extraordinary circumstances. — WHAT A WAY to kick off a new decade.
More:
Ars Technica
| Scott Belsky / Medium: |
8 themes for the near future of tech: from decentralized workplaces and the rise of community-as-a-service to quirky social apps for kids under 16 — As we pull ourselves out of the ditch that was 2020, there are a few major themes of the future I'm particularly excited about.
More:
Howard Lindzon. Tweets: @scottbelsky, @om, @avidanross, @trengriffin, @benrbn, @erickschonfeld, @soonaorlater, @bill_gross, @micahjay1, and @satyap
| Greg Ip / Wall Street Journal: |
Due to the pandemic, trends that normally may have taken years to unfold, like remote work or the shift from physical to virtual commerce, happened in months — Spurred by the pandemic, business changes that normally might have taken years unfolded in months.
Tweets: @mileskimball, @mileskimball, @jessefelder, and @csapkota
| Michelle Gao / CNBC: |
| Financial Times: |
South Korean antitrust regulators have asked Delivery Hero to sell its existing business before its $4B takeover of Woowa Brothers can go ahead — Seoul antitrust watchdog argues merger with Woowa Brothers would hurt competition — Delivery Hero's hopes of rapid expansion in Asia have hit …
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Nikkei Asia
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