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Sources: Alibaba’s logistics arm Cainiao Network Technology plans to file for its Hong Kong IPO as soon as next week, aiming to raise at least $1B (Pei Li/Bloomberg)

Pei Li / Bloomberg: Sources: Alibaba’s logistics arm Cainiao Network Technology plans to file for its Hong Kong IPO as soon as next week, aiming to raise at least $1B  —  – The logistics unit could be among the first to go public  — Citic and JPMorgan earlier replaced CICC in arranging the IPO

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The UK CMA says Microsoft’s revised offer to acquire Activision, which includes selling some gaming rights to Ubisoft, appears to address its concerns (Katharine Gemmell/Bloomberg)

Katharine Gemmell / Bloomberg: The UK CMA says Microsoft’s revised offer to acquire Activision, which includes selling some gaming rights to Ubisoft, appears to address its concerns  —  – CMA says revised offer opens the door to deal approval  —  Microsoft Corp.’s $69 billion acquisition of Activision Blizzard Inc. looks set …

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The UK says it’s moving forward with the US data bridge deal, allowing UK citizens’ data to be exported to the US under protections in line with UK GDPR (Natasha Lomas/TechCrunch)

Natasha Lomas / TechCrunch: The UK says it’s moving forward with the US data bridge deal, allowing UK citizens’ data to be exported to the US under protections in line with UK GDPR  —  The UK government has officially confirmed it will piggyback on a transatlantic data transfer deal between the European Union and the

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A look at Sullivan & Cromwell’s tangled FTX relationship, as SBF argues that the law firm set him up; the firm has made $100M+ in fees from FTX’s bankruptcy (New York Times)

New York Times: A look at Sullivan & Cromwell’s tangled FTX relationship, as SBF argues that the law firm set him up; the firm has made $100M+ in fees from FTX’s bankruptcy  —  Mr. Bankman-Fried and his allies have blasted Sullivan & Cromwell, the New York law firm managing FTX’s bankruptcy, for its tangled relationship

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The UK says it’s moving forward with the US data bridge deal, allowing UK citizens’ data to be exported to the US under protections in line with UK GDPR (Natasha Lomas/TechCrunch)

Natasha Lomas / TechCrunch: The UK says it’s moving forward with the US data bridge deal, allowing UK citizens’ data to be exported to the US under protections in line with UK GDPR  —  The UK government has officially confirmed it will piggyback on a transatlantic data transfer deal between the European Union and the

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Google veteran Luiz André Barroso, who overturned many data center design conventions and conceived “the data center as a computer”, died on September 16 at 59 (Paresh Dave/Wired)

Paresh Dave / Wired: Google veteran Luiz André Barroso, who overturned many data center design conventions and conceived “the data center as a computer”, died on September 16 at 59  —  Brazilian engineer Luiz André Barroso, who ripped up the rulebook at Google, has died.

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CLSA: China has at least 130 LLMs, accounting for 40% of the global total and behind the US’ 50% share; experts say most are yet to find viable business models (Josh Ye/Reuters)

Josh Ye / Reuters: CLSA: China has at least 130 LLMs, accounting for 40% of the global total and behind the US’ 50% share; experts say most are yet to find viable business models  —  China’s craze over generative artificial intelligence has triggered a flurry of product announcements from startups and tech giants …

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GGV, which invested in Alibaba, ByteDance, and other Chinese companies, splits its Asia and US units; in July, the US sought details about its holdings in China (Financial Times)

Financial Times: GGV, which invested in Alibaba, ByteDance, and other Chinese companies, splits its Asia and US units; in July, the US sought details about its holdings in China  —  Move follows similar decision by rival Sequoia Capital and Biden order to limit American investment in Chinese tech

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Tether spent ~$420M on 10K Nvidia H100 GPUs in a deal that will see it get a stake in bitcoin miner Northern Data, who plans to rent the chips to AI startups (Iain Martin/Forbes)

Iain Martin / Forbes: Tether spent ~$420M on 10K Nvidia H100 GPUs in a deal that will see it get a stake in bitcoin miner Northern Data, who plans to rent the chips to AI startups  —  A $40,000 computer chip has become one of the hottest commodities in the tech industry.  Startups are scrambling

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Source: Vietnamese internet company VNG postpones its US IPO, planned for September 2023, after mixed performances by Arm, Instacart, and Klaviyo (Bloomberg)

Bloomberg: Source: Vietnamese internet company VNG postpones its US IPO, planned for September 2023, after mixed performances by Arm, Instacart, and Klaviyo  —  Vietnam-based internet startup VNG Ltd. has decided to postpone its plans for a US initial public offering, according to a person familiar with the matter.

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