Financial Times: Bernstein estimates PDD spent ~$3B on marketing Temu in the US in 2023; the Chinese group says Temu has 70M MAUs in the US, versus an estimated 13M in Jan. 2023  —  High-spending marketing push by PDD Holdings-owned internet marketplace leads to doubts over growth strategy Lees verder op Tech Meme

The Information: Sources: TikTok plans to open studios in several cities, including LA, where creators can livestream and sell products, a strategy that worked for Douyin  —  When TikTok creators start a livestream to chat about their new favorite hairbrush, dog toy or cleaning product, they’re usually doing so from a setup in their own home. Lees verder op Tech Meme

Ingrid Lunden / TechCrunch: Ofcom: 22% of search results around basic self-injury terms on Google, Bing, DuckDuckGo, Yahoo, and AOL produced single-click links to more harmful content  —  Move over, TikTok.  Ofcom, the U.K. regulator enforcing the now official Online Safety Act, is gearing up to size up an even bigger target … Lees verder op Tech Meme

Wall Street Journal: Sources: the US stopped autonomous trucking firm TuSimple’s shipment of Nvidia A100 chips to Australia to probe whether they were ultimately bound for China  —  Authorities stopped the shipment by autonomous-trucking firm TuSimple in its latest tangle with the U.S. government Lees verder op Tech Meme

Todd Spangler / Variety: Universal Music Group plans to cease licensing content to TikTok after their agreement expires on January 31, saying they failed to reach new licensing terms  —  UMG said that its agreement with TikTok is set to expire on Jan. 31.  “The companies have not agreed to terms for a new agreement … Lees verder op Tech Meme