The Brussels-based electric bike company has officially closed its deal to be acquired by ReBirth Group Holding, which also owns cycling brands Peugeot, Gitane, and Solex. The transaction includes new, undisclosed funding from ReBirth as well as €15 million ($17.6 million) from existing shareholders. The funding will be used to restart production and deal with […]

Bloomberg:
Sources: Pinduoduo and Temu owner PDD fires dozens following a fistfight between employees and Chinese officials probing fraudulent deliveries on its platform  —  PDD Holdings Inc. fired a government relations team in Shanghai following a fistfight between employees and Chinese regulators …

Tim Sweeney / @timsweeneyepic:
Tim Sweeney says Fortnite will not return to iOS in Japan in 2025, as Apple is “charging a competition-crushing 21% junk fee on third-party in-app payments”  —  Sadly, Fortnite will not return to iOS in Japan in 2025 as promised. Apple was required to open up iOS to competing stores today, and instead of doing so honestly, they have launched another travesty of obstruction and lawbreaking in gross disrespect to the government and people [image]

Financial Times:
In a letter, Rocket Internet minority shareholder Scherzer & Co accuses the company of marking down startup valuations to buy out backers at “bargain prices”  —  Shareholder's claims of impairments put billionaire investor Oliver Samwer's stewardship back in the spotlight

Jake Rudnitsky / Bloomberg:
Manus says it crossed $100M ARR eight months after launch and is growing at 20%+ MoM since Manus 1.5's release; its total revenue run rate is now over $125M  —  Singapore-based AI pioneer Manus said its annual run rate for revenue is over $125 million, eight months after it released artificial …