Techmeme: A look at Shein's and Temu's Chinese supply chain: a lifeline to suppliers, but the margins are razor-thin, prices must stay low, and some drown in unsold stock (Wall Street Journal)

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January 3, 2024, 12:20 PM

Top News

Thomas Germain / Gizmodo:

Facebook rolls out Link History, an opt-out setting that tracks all the links a user clicked in the mobile app, and plans to use the data for targeted ads — Facebook introduces a confusing new setting as the walls close in on Zuckerberg's data machine. — Facebook recently rolled out a new …

More: Facebook Help Center, 9to5Mac, Security Boulevard, iMore, MobileSyrup, BGR, iThinkDifferent, Android Headlines, The Verge, ChannelX, Social Media Today, and PhoneArena

Bluesky: @tylerking.bsky.social. X: @jason_kint, @jason_kint, @jason_kint, @thomasgermain, @brendaneich, @jason_kint, @awinston, and @lmholliday. Forums: Slashdot

Leo Schwartz / Fortune:

Fidelity and other spot bitcoin ETF issuers jockey for an early advantage to attract investors, ahead of reported SEC approvals to launch as soon as January 10 — As the Securities and Exchange Commission appears on the precipice of approving the first wave of Bitcoin ETFs …

Justine Calma / The Verge:

Researchers developed three AI models to analyze 2,000TB of maritime data and create the first global map of vessel traffic and offshore infrastructure — Using satellite imagery and AI, researchers have mapped human activity at sea with more precision than ever before.

More: Nature, The Messenger, and Financial Times

Fred Wilson / AVC:

2024 predictions: AI will help make Web3 usable in mainstream applications and Web3 will help us trust AI, Web3 regulatory clarity, flat VC investing, and more — As we enter 2024, the capital markets have found their footing and are moving higher. The Fed has taken interest rates as far …

More: GeekWire and Silicon Florist

X: @scottbelsky, @pitdesi, @zoescaman, @rachaelrad, @antoniogm, @yuris, and @c00v

Todd Shields / Bloomberg:

SpaceX launches its first six Starlink satellites capable of offering mobile phone service, as part of its Direct to Cell service with T-Mobile US — - Starlink satellites capable of connecting to normal phones — Companies racing toward service via cell towers in space

More: Android Authority, T-Mobile, Space Explored, PCMag, The Messenger, Reuters, TechStartups, Telecompetitor, RCR Wireless News, DatacenterDynamics, Forbes, Phone Scoop, Livemint, Techpoint Africa, Nairametrics, The Verge, and Cord Cutters News. X: @spacex

Krisztian Sandor / CoinDesk:

SEC filing: MicroStrategy Executive Chairman Michael Saylor begins selling $216M worth of shares; Saylor remains “optimistic about MicroStrategy's prospects” — Saylor said earlier that he would use the proceedings from the sales to address personal obligations and buy more bitcoin to his personal account.

More: MicroStrategy, Blockworks, ZyCrypto, Decrypt, CoinGape, Bloomberg, Cryptonews, Bitcoin Insider, Coinspeaker, crypto.news, Coinpedia Fintech News, Cryptopolitan, CryptoSlate, Cointelegraph, and The Block

X: @saylor and @e_liminat_e

Stephen Nellis / Reuters:

Intel forms Articul8 AI, an AI company with backing from DigitalBridge and others; executives did not give the deal's value or say if Intel had a majority stake — Intel (INTC.O) on Wednesday said it was forming a new independent company around its artificial intelligence software efforts …

More: CRN, PYMNTS.com, Metaverse Post, The Decoder, Intel, TechStartups, and Phoronix

Iyaz Akhtar / PCMag:

Samsung plans to hold its next Galaxy Unpacked event on January 17 at 10am PT in San Jose, and streamed on YouTube, to showcase new Galaxy devices and Galaxy AI — ‘Galaxy AI is coming,’ reads the tagline, so get ready for Samsung-developed artificial intelligence.

Wall Street Journal:

A look at Shein's and Temu's Chinese supply chain: a lifeline to suppliers, but the margins are razor-thin, prices must stay low, and some drown in unsold stock — Shopping apps throw a lifeline to Chinese exporters, but it is a trade-off — SHENZHEN, China—E-commerce sellers Shein …

Rasmus Nielsen / Financial Times:

Despite the focus on generative AI misinformation, policy discourse ignores that politicians pose the gravest misinformation threat, ahead of big 2024 elections — As we head into a big election year, beware the risks of misleading statements from those at very top

X: @fascinatorfun, @jpeterburger, @prateekwaghre, @katray, @rasmus_kleis, @risj_oxford, @acerbialberto, @nivincent, @mr_james_c, @jburnmurdoch, @1br0wn, @jason_kint, and @whotargetsme. LinkedIn: Lars Boering

Ava Benny-Morrison / Bloomberg:

US federal prosecutors charge Tingo Group founder Mmobuosi Odogwu Banye with securities fraud in New York for allegedly inflating Tingo's financial statements — - Criminal charges follow SEC lawsuit against Dozy Mmobuosi — Mmobuosi is still ‘at large,’ federal prosecutors in NY said

More: US Department of Justice, TechCabal, and Techpoint Africa

X: @hindenburgres, @sdnynews, and @uglygame

Camilla Hodgson / Financial Times:

A look at the cottage industry of lawyers helping Amazon marketplace sellers reactivate their accounts after suspensions, as Amazon cracks down on millions — Small businesses seek advice to reactivate accounts after being caught by drive to clean up ecommerce platform

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From Mediagazer

Dominic Ponsford / Press Gazette:

Tortoise Media names Times journalist Rachel Sylvester as The Observer's political editor; a source says 50%+ of Observer staff have decided to leave

Benjamin Mullin / New York Times:

After leaving Meet the Press, Chuck Todd is embarking on a career as a media entrepreneur, and plans to hire other hosts for a podcast and video network

Bron Maher / Press Gazette:

Newsquest's editorial development director says it now employs 36 “AI-assisted” reporters, freeing up the rest of the newsroom to “be out pounding the beat”

More News

Mark Gurman / Bloomberg:

Roku plans to launch its first high-end TVs in spring 2024, including the 55-inch, 65-inch, and 75-inch Pro Series for up to $1,500

More: TechHive, San Francisco Business Times, Engadget, 9to5Google, Android Authority, The Verge, Cord Cutters News, and Digital Trends. Forums: Slashdot

Earlier Picks

James Shotter / Financial Times:

Israel, which has so far set aside $100M to shield its tech startups from the fallout from its war with Hamas, calls upon private investors to help the sector

Paul Gillin / SiliconANGLE:

London-based Robin AI, which develops a free Microsoft Word add-in for creating and reviewing legal contracts using Anthropic's Claude, raised a $26M Series B

More: PR Newswire, Silicon Canals, FinSMEs, Metaverse Post, Cryptopolitan, Tech.eu, Tech Funding News, LAW.com, Neowin, UKTN, and EU-Startups

Jay Peters / The Verge:

X launches a Verified Organizations Basic tier for $200/month or $2,000/year, in addition to Full Access for $1,000/month and $50/month for each US affiliate

More: TechRadar, WinBuzzer, iPhone in Canada Blog, and X

X: @verified, @x, and @adrianpcarbone

Sarah Krouse / Wall Street Journal:

Antenna: 6.3% of US customers cancelled major streaming services in November 2023, up from 5.1% YoY; 24% canceled three or more services over the past two years

More: Deadline, Lifewire, The Hill, Digiday, On my Om, PYMNTS.com, The Streamable, Engadget, and The Messenger

Threads: @gergelyorosz_. X: @albertfong98, @c_garthwaite, @bysarahkrouse, @antennadata, @trengriffin, and @sportstvratings