technology

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Paytm reports Q2 revenue of $144.8M, up 64% YoY, and a net loss of $63M, up 8%+ YoY, in its first post-IPO earnings report (The Economic Times)

The Economic Times: Paytm reports Q2 revenue of $144.8M, up 64% YoY, and a net loss of $63M, up 8%+…

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Kazakhstan plans to ration power over winter to 50 registered crypto miners as illegal miners and mass relocations from China cause blackouts across the country (Martha Muir/Financial Times)

Martha Muir / Financial Times: Kazakhstan plans to ration power over winter to 50 registered crypto miners as illegal miners…

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Gartner: global chip makers are projected to spend $146B this year, about 50% higher than before the pandemic and double the amount five years ago (Jiyoung Sohn/Wall Street Journal)

Jiyoung Sohn / Wall Street Journal: Gartner: global chip makers are projected to spend $146B this year, about 50% higher…

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Source: WhatsApp has almost 20M users in India using its payment services and received regulatory approval to double the number to 40M (Aditya Kalra/Reuters)

Aditya Kalra / Reuters: Source: WhatsApp has almost 20M users in India using its payment services and received regulatory approval…

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Chinese e-commerce company Pinduoduo reports $3.3B in Q3 revenue, up 51% YoY, vs. $4.1B estimated, and 741.5M MAUs, up 15% YoY; stock is down 15%+ (Reuters)

Reuters: Chinese e-commerce company Pinduoduo reports $3.3B in Q3 revenue, up 51% YoY, vs. $4.1B estimated, and 741.5M MAUs, up…

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Italy fines Apple and Google €10M each for “aggressive” data practices and not providing users with clear enough information on commercial uses of their data (Natasha Lomas/TechCrunch)

Natasha Lomas / TechCrunch: Italy fines Apple and Google €10M each for “aggressive” data practices and not providing users with…

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China considers setting up a digital asset exchange in Beijing as it calls for faster trials of the digital yuan (Bloomberg)

Bloomberg: China considers setting up a digital asset exchange in Beijing as it calls for faster trials of the digital…

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Meituan reports Q3 revenue of $7.6B and a loss of $1.57B, including a $532M antitrust fine in October, its largest quarterly loss in three years (Brenda Goh/Reuters)

Brenda Goh / Reuters: Meituan reports Q3 revenue of $7.6B and a loss of $1.57B, including a $532M antitrust fine…

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Klarna posts a pre-tax loss of $344M from January to September, up 4x YoY, and says it has 90M+ customers after entering nine markets since the start of 2020 (Ryan Browne/CNBC)

Ryan Browne / CNBC: Klarna posts a pre-tax loss of $344M from January to September, up 4x YoY, and says…

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Chinese GPU maker Moore Threads raises a $313M Series A co-led by Source Code Capital, Shanghai Guosheng Group, and Bohai Sheng Industrial Fund Management (Liya Su/DealStreetAsia)

Liya Su / DealStreetAsia: Chinese GPU maker Moore Threads raises a $313M Series A co-led by Source Code Capital, Shanghai…

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