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Mobile News - Week of September 7, 2020

Hello from the apocalyptic San Francisco! This past week has been all about TikTok again so I want to
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The latest news and information about startups and innovations from the mobile world.
Hello from the apocalyptic San Francisco!
This past week has been all about TikTok again so I want to give everyone a quick summary:
What is the latest?
  • Three bidders are on the table:
  • Microsoft and Walmart
  • Oracle, Sequoia Capital, and General Atlantic 
  • Triller and Centricus Asset Management
  • Tiktok is suing Donald J. Trump (President of the United States) and Wilbur L. Ross Jr. (Secretary of Commerce).
  • Kevin Mayer (former Disney executive) resigned as TikTok U.S. CEO. And Vanessa Pappa (former YouTube executive) is now in charge.
  • China imposed new restrictions on technology exports. Article 18 covers some forms of artificial intelligence and Article 21 encompasses data analytics and content recommendation.
  • The deadline is September 15 for Bytedance to sell or cease its American operations.
What would the potential winning bidder be buying?
  • By June 2020, TikTok’s total number of U.S. monthly active users had soared to 91,937,040. Today, based on quarterly usage, 100 million Americans use the TikTok application. (See P.6 on the TikTok lawsuit against the US government)
  • Operations and assets for the US, Canada, New Zealand, and Australia.
  • It is not clear if the acquirer will be licensed or have access to the algorithm. As Alfred said on Bloomberg, the crown jewel of this deal is really the 15 million lines of machine learning code.
Why does it matter?
  • Regardless of what happens to TikTok, this will change the course of internet sovereignty and China-US tech history.
  • It will greatly impact going forward to how the US government will handle WeChat and Huawei.
  • China may retaliate even more and establish its own version of CFIUS. It will challenge US-China cross-border investments, operations, M&A, and IPOs going forward.
P.S. I am speaking at Disrupt 2020 next week (Sep 14 - 18, 2020) on the topic of emerging technology and investment trends in China and Silicon Valley.
Use our RACECAPITAL50 for 50% off promo code good for Disrupt Digital Pro Passes by clicking here.
Here are the top mobile news this week >
  • Statistics - Mobile shopping on the rise
  • Apple - Fires back in Fortnite
  • Tencent - WeChat the Powerhouse App
  • Qualcomm - history of CDMA
  • Government vs “Gig economy”

US holiday shopping season on mobile expected to be largest to date, topping 1B hours on Android

Apple fires back in Fortnite App Store battle

Forget TikTok. China’s Powerhouse App Is WeChat, and Its Power Is Sweeping.

Qualcomm’s Founder On Why the US Doesn’t Have Its Own Huawei

Uber, Lyft, others pour $70 million more for Yes on 22 ballot campaign
Techstars Startup Digest Mobile is curated by:
Edith Yeung Edith Yeung - Partner at 500 Mobile Collective Fund
edith.yeung@startupdigestmail.com
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