Journals

Bloomberg: Sources: Shein’s shareholders offered to sell stock on the private market at $45B-$55B valuation in late 2023, down from Shein’s ~$66B valuation in May 2023  —  – Investors trying to sell in recent months but few takers  — Sliding… Read More »Sources: Shein’s shareholders offered to sell stock on the private market at $45B-$55B valuation in late 2023, down from Shein’s ~$66B valuation in May 2023 (Bloomberg)

Manish Singh / TechCrunch: As Palworld sells 8M+ copies, The Pokémon Company says it has not granted permission to “another company” to use its IP and plans to “take appropriate measures”  —  The Pokemon Company said Thursday it has not… Read More »As Palworld sells 8M+ copies, The Pokémon Company says it has not granted permission to “another company” to use its IP and plans to “take appropriate measures” (Manish Singh/TechCrunch)

IDC: Chinese smartphone shipments declined 5% YoY to 271.3M units in 2023; in a first, Apple gained the top spot with 17.3% marketshare, followed by Honor with 17.1%  —  A shift of power that we saw on the worldwide stage… Read More »Chinese smartphone shipments declined 5% YoY to 271.3M units in 2023; in a first, Apple gained the top spot with 17.3% marketshare, followed by Honor with 17.1% (IDC)

Joseph Cox / 404 Media: An investigation details a spy tool called Patternz, which can track billions of phone profiles via ads in hundreds of thousands of apps, including 9gag and Kik  —  A wide-spanning investigation by 404 Media reveals… Read More »An investigation details a spy tool called Patternz, which can track billions of phone profiles via ads in hundreds of thousands of apps, including 9gag and Kik (Joseph Cox/404 Media)

Washington Post: Sources: Sam Altman has had discussions with members of the US Congress about where and how to build fabs to increase the supply of advanced chips for AI  —  The government plans to invest billions in producing computer… Read More »Sources: Sam Altman has had discussions with members of the US Congress about where and how to build fabs to increase the supply of advanced chips for AI (Washington Post)

Yoolim Lee / Bloomberg: SK Hynix reports Q4 operating profit of ~$259M, versus estimates of a ~$127M loss, and revenue up 47% YoY to ~$8.4B, beating even the highest analyst forecast  —  – It swings to profit after four consecutive… Read More »SK Hynix reports Q4 operating profit of ~$259M, versus estimates of a ~$127M loss, and revenue up 47% YoY to ~$8.4B, beating even the highest analyst forecast (Yoolim Lee/Bloomberg)

Sara Merken / Reuters: Toronto-based Spellbook, which offers an AI-powered contract drafting and review tool for lawyers, raised a $20M Series A led by Inovia Capital  —  Spellbook, a legal software company focused on contracts, said Wednesday that it has… Read More »Toronto-based Spellbook, which offers an AI-powered contract drafting and review tool for lawyers, raised a $20M Series A led by Inovia Capital (Sara Merken/Reuters)

Sareen Habeshian / Axios: New York City issues a public health advisory officially designating social media as an “environmental toxin”, blaming it for a youth mental health crisis  —  New York City declared Wednesday that it’s the first city to… Read More »New York City issues a public health advisory officially designating social media as an “environmental toxin”, blaming it for a youth mental health crisis (Sareen Habeshian/Axios)

Ryan Vlastelica / Bloomberg: Microsoft briefly reached a $3T market cap for the first time on January 24, becoming the second company to do so after Apple, before closing at a record $2.99T  —  – Software giant is second company… Read More »Microsoft briefly reached a $3T market cap for the first time on January 24, becoming the second company to do so after Apple, before closing at a record $2.99T (Ryan Vlastelica/Bloomberg)

Bloomberg: Filing: HPE says a group believed to be Russia-linked Midnight Blizzard exfiltrated data from “a small percentage of HPE mailboxes” beginning in May 2023  —  – HPE says it was informed of nation-state breach on Dec. 12  — Same… Read More »Filing: HPE says a group believed to be Russia-linked Midnight Blizzard exfiltrated data from “a small percentage of HPE mailboxes” beginning in May 2023 (Bloomberg)