Apart from Uber and Pinterest, we also have updates from JD, Facebook, and Morningside Technology Ventures
Uber, Pinterest reportedly eyeing NYSE for listing – Reuters
Tech giants Uber and Pinterest have picked the New York Stock Exchange (NYSE) as the venue for their stock listings, Reuters reported, citing sources familiar with the matter.
The report also stated that in the recent years, NYSE has become the “exchange of choice” for big tech companies after NASDAQ “famously bumbled” the Facebook IPO with tech errors.
However, NASDAQ did score the IPO of Uber’s competitor Lyft, which is expected to reach or exceed US$23 billion when it prices its shares March 28.
The companies and the NYSE have declined to comment.
JD offers social credits, AI-powered tools for local govts in China – SCMP
Chinese e-commerce giant JD has launched a big-data-powered service to give social credit scores to individuals, businesses and potential investors for local governments in China, South China Morning Post reported.
As part of the company’s effort to expand to the smart city vertical, it launched new brand JD iCity with the goal to double down on the intelligent city business by providing big data and artificial intelligence-powered tools to local governments.
The services can be used to build social credit databases, AI-powered traffic infrastructure and other smart transport services.
The company’s move comes amid Beijing’s call for deeper integration between AI and the real economy.
Facebook admits it stores account passwords in plaintext – TechCrunch
Social media giant Facebook on Thursday confirmed in a blog post that it stored “hundreds of millions” of account passwords in plaintext for years, TechCrunch wrote.
The confirmation was prompted by a report by cybersecurity reporter Brian Krebs, which stated that the logs were accessible to some 2,000 engineers and developers.
Facebook explained that the discovery was made in January as part of a routine security review. It also stated that none of the passwords were visible to anyone outside of the company.
Morningside leads US$11M Series A funding for staff marketplace Jitjatjo – Dealstreet Asia
Hong Kong investment firm Morningside Technology Ventures, a sub-organisation of Morningside Group, has led a US$11 million Series A funding round for New York-based mobile staffing marketplace Jitjatjo, Dealstreet Asia wrote.
Launched in 2016, Jitjatjo leverades AI to build a two-sided marketplace that enables businesses in the service and hospitality sector to book workers from one hour’s notice to several months in advance.
It had previously raised pre-seed and seed funding rounds totalling US$6.9 million.
The funding will support the company’s effort in continuing the growth in the current two markets (New York and Chicago), expanding to other cities in the US, advancing its machine learning capabilities to support the launch of the company’s enterprise technology offering, and establishing an experiential headquarters in New York.
As part of the deal, Mick Sawka from Morningside Technology Advisory will join the company’s board of director.
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