Articles from www.bloomberg.com

Articles from www.bloomberg.com

Sources: Pinduoduo and Temu owner PDD fires dozens following a fistfight between employees and Chinese officials probing fraudulent deliveries on its platform (www.bloomberg.com)
2025-12-18 China

Manus says it crossed $100M ARR eight months after launch and is growing at 20%+ MoM since Manus 1.5's release; its total revenue run rate is now over $125M (www.bloomberg.com)
2025-12-18

India-listed RRP Semiconductor's stock surged 55,000%+ in the 20 months through Dec. 17, despite negative revenue; source: India's SEBI is examining the surge (www.bloomberg.com)
2025-12-18 India

Circana: US game console spending fell 27% in November to $695M, the lowest in the pivotal month for holiday shopping since 2005, after a tough year for makers (www.bloomberg.com)
2025-12-18

Oracle says final negotiations on an equity deal for its Michigan data center project are “on schedule” and Related Digital will be its development partner (www.bloomberg.com)
2025-12-18 Oracle Equity

Sources: Binance has been exploring ways to reboot its Binance.US affiliate, including a recapitalization to cut CZ's stake, which is a hurdle to expansion (www.bloomberg.com)
2025-12-18

AI chip startup Mythic, which develops “analog processing units” to perform AI computations within memory, raised $125M led by DCVC; its CEO is a Nvidia veteran (www.bloomberg.com)
2025-12-18 Startup AI Nvidia

Sources: 6+ Chinese AI companies, including chip firms Montage and GigaDevice, are set to go public in Hong Kong in the coming weeks, aiming to raise up to $1B (www.bloomberg.com)
2025-12-17 China Hong Kong AI

Bengaluru-based e-commerce platform Meesho is up 95% from its IPO offer price, valuing it at nearly $11B and making it India's best-performing major IPO of 2025 (www.bloomberg.com)
2025-12-17 India IPO

Monzo receives an Irish banking license, allowing the London-based digital lender to offer current and savings accounts across the EU (www.bloomberg.com)
2025-12-17 London

Chinese AI chipmaker MetaX's shares jumped up to 755% in its Shanghai debut after a heavily oversubscribed $585.5M IPO, pushing its market cap past $42B (www.bloomberg.com)
2025-12-17 China IPO AI Shanghai

Sources: Waymo is in discussions to raise more than $15B at a valuation near $100B, in a round led by Alphabet; an October 2024 round valued Waymo at above $45B (www.bloomberg.com)
2025-12-17 Alphabet

Perplexity updates its iPad app to improve multitasking and focus on research tools, part of a push to add business customers, after launching Comet on Android (www.bloomberg.com)
2025-12-17 Android iPad

Amazon partners with payments startup Slope to offer loans of up to $5M to merchants selling on its platform, using Amazon sales data for candidate selection (www.bloomberg.com)
2025-12-17 Amazon Startup

OpenAI updates ChatGPT Images to generate images up to 4x faster and edit more precisely, and adds a new section in ChatGPT's app and website for images (www.bloomberg.com)
2025-12-17

DoorDash launches Zesty, a standalone AI-powered social app for users to find nearby restaurants, in public testing in San Francisco and New York (www.bloomberg.com)
2025-12-17 AI San Francisco New York

Instagram unveils its first TV app, initially available on Amazon's Fire TV as a test with plans to expand to other TV platforms (www.bloomberg.com)
2025-12-17 Amazon Instagram

Visa says it will allow US banks to settle transactions using Circle's USDC stablecoin over Solana, the US' first full deployment of a stablecoin settlement (www.bloomberg.com)
2025-12-16

Sources and a memo: Amazon plans to cut 370 jobs, or ~8.5% of its 4,370 employees, at its European HQ in Luxembourg, the country's biggest layoffs in 20 years (www.bloomberg.com)
2025-12-16 Europe Amazon Layoffs

As Europe rearms, Anduril is trying to break through in the UK by co-funding major programs, cutting manufacturing deals, and billing itself as “Anglo-American” (www.bloomberg.com)
2025-12-16 Europe U.S. Manufacturing

How the rise of AI has divided Hollywood, as some oppose the use of the technology while others say they are exploring ways to utilize AI tools (www.bloomberg.com)
2025-12-16 AI

Sources: Disney's Sora deal is entirely in OpenAI stock rather than a cash licensing fee; Disney has the option to buy additional stock beyond the $1B stake (www.bloomberg.com)
2025-12-16

How crypto entrepreneur Bill Zanker helped Trump and Melania launch memecoins; as of December 10, $TRUMP was down 92% since its peak and $MELANIA was down 99% (www.bloomberg.com)
2025-12-16 Trump Entrepreneur

Lidar manufacturer Luminar files for Chapter 11 bankruptcy and says it reached a deal to sell its semiconductor subsidiary to Quantum Computing Inc. for $110M (www.bloomberg.com)
2025-12-16 Quantum

An interview with Marcos Galperin, the CEO of MercadoLibre, which has a $105B market cap, on deciding to resign, MercadoLibre's rivalry with Amazon, and more (www.bloomberg.com)
2025-12-16 Amazon Interview

Memo: Greg Peters and Ted Sarandos lay out Netflix's WBD case, moving to quell concerns about job losses and the end of theater releases, after Paramount's bid (www.bloomberg.com)
2025-12-16 Netflix

AI drug discovery startup Chai Discovery raised a $130M Series B led by Oak HC/FT and General Catalyst at a $1.3B valuation, taking its total funding to $225M (www.bloomberg.com)
2025-12-15 Startup AI

Analysis: Tata, Infosys, and Cognizant are set to bear the brunt of Trump's $100K H-1B fee; from 2020 to 2024, 93% of Infosys' H-1B hires would have had to pay (www.bloomberg.com)
2025-12-15 Trump H1B

An interview with Marcos Galperin, CEO of MercadoLibre, which has a $105B market cap, on his upcoming resignation, MercadoLibre's rivalry with Amazon, and more (www.bloomberg.com)
2025-12-15 Amazon Interview

iRobot files for Chapter 11 bankruptcy after reaching a restructuring support agreement to hand control to its secured lender and key supplier, Shenzhen Picea (www.bloomberg.com)
2025-12-15 Shenzhen

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