Daily Crunch - NYSE won't delist Chinese telcos

TechCrunch Newsletter [TechCrunch logo]( [The Daily Crunch logo]( Tuesday, January 05, 2021 • By [Anthony Ha]( The New York Stock Exchange reverses course, Nintendo acquires a game studio and an Indian electronics and lifestyle startup raises $100 million. This is your Daily Crunch for January 5, 2021. [The big story: NYSE won't delist Chinese telcos]( The New York Stock Exchange is [reversing a recent decision to delist China’s three major telecom operators]( — China Mobile, China Unicom and China Telecom — which was supposed to be part of a Trump administration policy to block investment in companies that supply and support China’s military. The exchange said the reversal is taking place “in light of further consultation with relevant regulatory authorities,” and that shares will be traded while NYSE officials evaluate how the executive order applies. If the delisting does occur, it would be largely symbolic, since only a small percentage of the telecoms’ total shares are traded in New York. [Read more]( [The big story: NYSE won't delist Chinese telcos image] Image Credits: Spencer Platt / Getty Images [Report: Taking An Agile Approach to Transforming Business Processes]( Sponsored by [Conga]( [Some changes we want to make. Others we really need to make to remain agile and competitive. In this research brief from Harvard Business Review Analytic Services, learn how streamlined business processes help companies react with agility.]( [Read more]( The tech giants [Nintendo buys Canadian game studio in rare acquisition]( — Nintendo is acquiring Canada-based Next Level Games, which developed Luigi’s Mansion 3. [Jack Ma’s absence from public eye sparks Twitter discussions]( — The world’s attention is on Jack Ma’s whereabouts after reports noted the billionaire founder of Alibaba and Ant Group had been absent from public view since late October. [The tech giants image] Startups, funding and venture capital [P&G terminates plan to acquire razor startup Billie following FTC lawsuit]( — In December, the FTC sued to block P&G’s acquisition of Billie. [Indian electronics and lifestyle brand Boat raises $100M from Warburg Pincus]( — The round gives Boat a post-money valuation of about $300 million. [Divvy raises $165M as the spend management space stays red-hot]( — Divvy’s market (corporate cards and software that help firms manage and limit expenses) is incredibly active. [Startups, funding and venture capital image] Image Credits: Billie Advice and analysis from Extra Crunch [Affirm targets up to $38 per share in IPO, pushing its valuation above $9B]( — The new S-1 follows a late-December filing of a similar nature. [8 investors discuss social gaming’s biggest opportunities]( — Investors expressed excitement around the widening entertainment ambitions of social platforms. [How Segment redesigned its core systems to solve an existential scaling crisis]( — Segment was just beginning to take off in 2015 when it ran into a scaling problem. (Extra Crunch is our membership program, which aims to democratize information about startups. [You can sign up here](.) [Advice and analysis from Extra Crunch image] Everything else [FBI, NSA say ongoing hacks at US federal agencies ‘likely Russian in origin’]( — The U.S. government says hackers “likely Russian in origin” are responsible for breaching the networks of at least 10 federal agencies and several major tech companies. [C by GE gets rebranded under new ownership, expands beyond lighting]( — Back in May, General Electric sold off its more than 100-year-old GE Lighting division to smart home company Savant. [Everything else image] Image Credits: Bronte Wittpenn/Bloomberg / Getty Images [Read more stories on TechCrunch.com]( Newest Jobs from Crunchboard - [Data Science Curriculum Manager at Hack the Hood (Oakland, CA, USA)]( - [Director of Product Management, Online Casino at Cresta Partners (Anywhere)]( - [Sales Operations Analyst at Bombora (Denver, CO, USA)]( - [Senior Backend Software Engineer at WELL Health (United States)]( - [1070 IS Project Director - HSA at City & County of San Francisco (San Francisco, CA, USA)]( [See more jobs on CrunchBoard]( [Post your tech jobs]( and reach millions of TechCrunch readers for only $200 per month. [Facebook]( [Twitter]( [Youtube]( [Instagram]( [Flipboard]( [View this email online in your browser]( [Privacy Policy]( | [Terms of Service]( | [Unsubscribe]( © 2021 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103