Hi, this is Colum Murphy in Beijing, where like many others I was surprised this week that one of my favorite Chinese social media apps was invaded by … Americans? Xiaohongshu, which Americans are calling RedNote, took off in popularity because the US’s top court indicated it was likely to uphold a law that would…
President Xi Jinping has touted people exchanges as the foundation of healthy US ties. A flood of TikTok “refugees” to Chinese app Xiaohongshu may test his limit for such unscripted interactions. After the US Supreme Court signaled it was likely to uphold a law banning the popular TikTok social media app, a reported 700,000 new…
Jeff Bezos, a target of Donald Trump’s jabs during his first term, is expected to meetBloomberg Terminal the President-elect next week. The Amazon.com Inc. founder will need the new administration’s help in the space race against fellow centibillionaire Elon Musk. If all had gone according to plan, Project Kuiper, Amazon’s challenger to Musk’s dominant Starlink…
Good morning. Tech stocks position for a strong rebound as a key chipmaker predicts a boom in demand. SpaceX wants its own city. And your favorite hot sauce may soon go from wild to mild. Listen to the day’s top stories. The AI spending frenzy looks like it still has a ways to go. Chipmaker…
SpaceX and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket and satellite maker at about $350 billion, according to an internal email seen by Bloomberg. The per-share price of $185 is up substantially from the $112 set in a prior valuation less…
Elon Musk’s xAI has raised $6 billion in new capital, according to a regulatory filing, wrapping up a funding round that has been in the works for months and was said to value the artificial intelligence startup at more than $40 billion. The equity financing came from 97 investors, and includes stakes as small as…
China launched its first rocket from a new commercial space site on Saturday night as the country attempts to expand its presence in a business currently led by Elon Musk’s SpaceX. The rocket successfully placed two experimental satellites into orbit, China Central Television reported. Source link
Hi, I’m Merryn Somerset Webb, Bloomberg UK Wealth’s editor-at-large. Welcome to the Merryn Talks Money newsletter. Every Saturday, I’ll bring you micro to macro thoughts on your money and investments. I welcome your feedback. Just when you think Warren Buffett has imparted all the advice anyone could possibly need, he produces a bit more. This…
Australia’s controversial new law barring under-16s from social media is one of the toughest crackdowns yet on platforms including Facebook and TikTok as governments worldwide grasp for ways to protect children from harmful content. The blanket ban, passed late Thursday night, establishes some of the most stringent internet usage restrictions outside of China and other…
Even as Tesla Inc. Chief Executive Officer Elon Musk is set to become a more controversial figure in China as part of Donald Trump’s administration, his mother is still a clear-cut favorite in the country. This month, Maye Musk attended the Shanghai store opening of Chinese mattress brand AISE Baobao, for which she’s a global…