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After recording China’s tense grip on Big Tech, Gaming, Crypto and FinTech, its latest crackdown is a blow close to our hearts.
Financial information disseminated via blogs and social media Currently targeted. China’s Cyberspace Administration has launched a misguided “special remediation” campaign from market skeptics, pessimistic views on the Chinese economy, as well as financial news services and social media accounts. We cracked down on information and fraud.
This Continues Our Report Earlier this week, Chinese police used a fraud prevention app to identify and interview people who visited foreign financial news sites.
The ripple effect of all of this is that foreign investors have little understanding of what is going on in China and lose confidence. The move is “approved” by debt issuers, as Hong Kong-based Chinese bond investors are the only place blogs and social media provide information on company changes and regulatory investigations and arrests. “I can do it,” he said, limiting his ideas further.
Meanwhile, the Didi Chuxing rideshare app has seen a 30% drop in daily users since its New York IPO in June, prompting a backlash from Beijing. Ryan McMorrow reports.
In the days after Diddy’s IPO, Chinese regulators banned the company from registering new clients while conducting data security investigations. According to data from Aurora Mobile, the average daily number of Didi users in August rose from 15.6 million in June to 10.9 million. Based on past signup rates, Didi steals around 4 million users per month due to the ban on opening customer accounts.
Internet of Things (5)
1. OpenSea investigates NFT insider trading
OpenSea, the most popular platform for buying and selling digital collections, launched an internal investigation after admitting that one of its senior executives was using internal knowledge. Buy items before market promotion. The price of collectibles usually increases when it is posted on the platform’s homepage due to the high interest of users.
2. Vodafone Idea India Relief
Vodafone Indian Venture Stock 25% repulsion After the government announced a bailout for the telecommunications industry designed to stop the collapse of Vodafone Ideas by postponing the repayment of billions of dollars in spectral charges and other debts.
3. Prenetics Spac contract, Oracle supports the IPO of Nanopore
A biotech starter who helped the Covid-19 test overcome the pandemic and play in the English Premier League has merged with a specialist acquisition company listed in the United States. The first “unicorn” listed in Hong Kong. The deal to absorb Prenetics into a Nasdaq-listed Artisan Acquisition blank check company valued the genomics and diagnostics company at $ 1.25 billion. waiting for, Oxford Nanopore, Genetic sequencing specialists, Oracle is here As a core investor before the float on the London Stock Exchange.
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4. The EU chip plan doesn’t seem like a newbie
Attempting to build a large semiconductor capacity in the EU does not seem feasible or wise. Today’s corporate secret bulletin Following Wednesday’s speech on the “State of the Union Speech” by Committee Chair Ursula von der Leyen. On the one hand, there is a practical dissenting opinion. So the old problem is that the single market can be the EU as a whole, but the funding for R&D and grants is mostly in the Member States. The Commission does not have tens of billions of euros in funding.
5. Buyout of Big Tech
Is the huge share buyback by the biggest tech companies against the need to spend excess money on innovation and the development of new markets? Richard Waters says Microsoft allocated $ 60 billion in buybacks this week, and the program is in line with capital spending.
Transfer of Sifted – European Startup Week
Errol Damerin He is best known as the founder of Wonga, a payday lender known for imposing huge interest rates and then collapsing in power. But today, with two holding companies, he has grown into one of London’s most successful angel investors. wise When Kazoo – We’re going to get a billion dollar output this year. Damerin’s shares in Wise and Kazoo When a listed company went public, it reached a total value of £ 11.6million. According to a filtered analysis of Companies House files, Damerin deposited 108 times the profits of his initial investment in a bank.
Elsewhere in European Start-ups This week, Monzo founder Tom Blomfield talks about his meeting with $ 150 billion from SoftBank Vision Fund executives. Attended the meeting barefoot and “stepped in” during the discussion. Sifted is also interested in European start-ups that manufacture cars. Faster and more durable than Tesla: from axial flow motors to battery passports and alternative materials.
Technical tools – BT Street Hub 2.0
It looks like BT has updated the old red phone booth. This first BT Street Hub 2.0 unit Today we started broadcasting live at Notting Hill Gate in London. Local businesses were given the opportunity to run ads for free on their digital screens. Other features include free Gigabit Wi-Fi, fast charging of mobile devices, free calls, and local route discovery via a built-in tablet. Over the next 12 months, 300 units will be deployed in cities such as Glasgow, Cardiff, Nottingham and Birmingham.
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