Hello and welcome again to Equity, the podcast in regards to the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.
It is the primary Monday of December, so this present is entering into the vacation spirit. And by that, we imply pondering far an excessive amount of in regards to the geopolitical-technological panorama, naturally.
Here’s what we received into on our Monday episode!
- Stocks in China are ripping increased on news that its drastic COVID-related insurance policies may very well be starting to ease. It’s a great distance from a reopening, however after years of hard-edged lockdowns, Chinese tech firms are respiratory a sigh of reduction — at the very least in valuation phrases. Shares are down in Europe and the United States.
- How a lot are Chinese equities rallying? Bilibili is within the lead, up round 16% in pre-market buying and selling. The day’s beneficial properties gained’t cowl all prior losses, however for the nation’s beleaguered tech trade, the valuation beneficial properties are past welcome news.
- And sticking to the great news vibe, the truth that the U.S. central financial institution could slow the pace at which it raises rates of interest may present some helpful tailwinds to tech firms.
- The Circle SPAC deal is off.
- Giraffe360 raised new capital, which shocked us, given our perspective on the housing market.
- And we closed with notes on ChatGPT, the factor that everybody on Twitter can’t cease enjoying with.
