Les Pounder / Tom’s Hardware: Report: Raspberry Pi Trading hired investment banks Stifel and Liberum to advice on a London IPO planned for this spring, that would value Raspberry at ~$500M  —  The listing could see Raspberry Pi valued at $500m  —  According to a report in The Telegraph, Raspberry Pi Trading …

Aditya Kalra / Reuters: Source: WhatsApp has almost 20M users in India using its payment services and received regulatory approval to double the number to 40M  —  WhatsApp (FB.O) has won regulatory approval to double the number of users on its payments service in India to 40 million, a source with direct knowledge told Reuters on Friday.

Martha Muir / Financial Times: 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  —  Illegal miners and mass relocations after a ban on crypto mining in China have overloaded energy grid

Jiyoung Sohn / Wall Street Journal: 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  —  Samsung’s $17 billion bet on Texas mirrors large spending increases in Asia and elsewhere  —  SEOUL—Investment in U.S. chip production is on the rise.

The Economic Times: 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  —  Bengaluru: Payments firm Paytm, in its first quarterly earnings as a public company, reported a nearly 64% jump in its consolidated revenue from operations …

Jing Yang / Wall Street Journal: Sources: Alibaba is delegating more responsibility to presidents of its business units to shed its monolithic image in the wake of China’s regulatory crackdown  —  CEO Daniel Zhang is devolving power to unit presidents as competition grows and big platforms come under pressure in China

Natasha Lomas / TechCrunch: UK’s CMA says Google has agreed to an expanded set of commitments as part of the regulator’s oversight in the development of Privacy Sandbox  —  As part of an ongoing antitrust investigation into Google’s Privacy Sandbox by the UK’s competition regulator, the adtech giant has agreed …

Brenda Goh / Reuters: Meituan reports fourth consecutive quarterly loss of $1.57B in Q3 on revenue of $7.6B; its core food delivery business posted revenue of $4.14B, up 28%  —  Chinese food delivery giant Meituan (3690.HK) reported a fourth consecutive quarterly loss on Friday, as it plowed more investment into expanding its various businesses.

Ryan Browne / CNBC: Klarna posts a pre-tax loss of $344M from January to September, up 4x YoY, and says it’s entered nine markets since the start of 2020 and now has 90M+ customers  —  – Klarna posted a pre-tax loss of 3.1 billion Swedish krona ($344 million) from January to September, a fourfold increase from the same period a year ago.

Bloomberg: China says it is considering setting up a digital asset exchange in Beijing and calls for faster trials of the digital yuan  —  China is considering setting up a digital asset exchange in Beijing as officials push to promote usage of the digital yuan and crack down on cryptocurrencies.

Michael Levenson / New York Times: Pinterest settles lawsuit by shareholders over allegations of discrimination by pledging $50M to overhaul its corporate culture and promote diversity  —  Pinterest pledged $50 million to overhaul its corporate culture and promote diversity as part of an agreement to resolve allegations …

Keith Zhai / Wall Street Journal: Sources: at least nine state-run Chinese firms, including China Mobile, tell staff to limit use of Tencent’s domestic chat app Weixin, citing security concerns  —  Employees were told to disband chat groups over security concerns, as Beijing’s scrutiny into Tencent grows

Meir Orbach / CTech: Israel reduces the countries approved for export of cyber tools from 102 to 37, most of which are in the West, after US sanctions NSO and Candiru  —  The Ministry of Defense has reduced the number of countries approved for export of cyber tools by Israeli companies from 102 to 37

Charlie Taylor / The Irish Times: Filings: Google Ireland will pay €218M in backdated corporation tax to Irish authorities; Google Ireland had €48.4B in revenue in 2020, up from €45.7B in 2019  —  Wage bill exceeds €500m for the first time with employees paid on average €120,000

Jon Porter / The Verge: Twitter updates its iOS app to avoid timelines refreshing and causing tweets to disappear, after rolling out the update on web last week  —  ‘It should stay put!’  —  Twitter has updated its iOS app to prevent those annoying situations where tweets disappear as you’re trying to read them, the company has announced.

James Marson / Wall Street Journal: How Belgian police infiltrated messaging service Sky ECC in February and March, gaining access to a billion messages and facilitating arrests and drug seizures  —  Criminals thought encrypted Sky ECC cellphones were impregnable, but cops tapped a billion messages, yielding arrests and drug seizures

Reuters: Chinese state media says a regulator told Tencent to submit any new apps or updates for inspections through December 31; Tencent says its apps remain functional  —  Tencent Holdings’ (0700.HK) apps remain functional and available for download, the company said on Wednesday in response …

Sneha Shah / The Economic Times: Indian used car marketplace Spinny raises a $285M Series E led by ADQ and Tiger Global at a $1.75B post-money valuation, after raising $108M in July  —  The company’s valuation of $1.5 billion pre-money has nearly doubled since it raised $108 million from Tiger Global and others in July.

Vikas Sn / Moneycontrol: India-based Dream Sports, which runs online fantasy platform Dream11, raises $840M led by D1, Tiger Global, and others at an $8B valuation, up from $5B in March  —  Dream11 spent heavily on advertising and promotions during the fiscal, in a bid to capitalise on the surge in mobile gaming in the country

Jonathan Haidt / The Atlantic: Regulators and legislators should mitigate Instagram’s harmful effects on teen girls by toughening COPPA and forcing Facebook and others to share data  —  Social media gets blamed for many of America’s ills, including the polarization of our politics and the erosion of truth itself.