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An influx of digital nomads, mostly from the US, in Medellín, Mexico City, and other cities is boosting local economies, as locals complain of being priced out (Stephen Witt/Rest of World) 24-05-2023

Stephen Witt / Rest of World: An influx of digital nomads, mostly from the US, in Medellín, Mexico City, and other cities is boosting local economies, as locals complain of being priced out  —  Cities from Canggu to Medellín are welcoming tech workers, but locals complain they’re being priced out. Lees verder op Tech Meme

Xiaomi reports Q1 revenue down 18.9% YoY to ~$8.4B and a ~$596M net income, up from a ~$75M loss in Q1 2022, both above estimates, as cost cutting helps margins (Bloomberg) 24-05-2023

Bloomberg: Xiaomi reports Q1 revenue down 18.9% YoY to ~$8.4B and a ~$596M net income, up from a ~$75M loss in Q1 2022, both above estimates, as cost cutting helps margins  —  Xiaomi Corp. quarterly revenue slid 19% in a reflection of crumbling demand for electronics and internet services in a sputtering Chinese economy. Lees verder op Tech Meme

Sources: Alibaba Cloud plans to layoff 7% of its staff, or ~1,000 employees, as the unit prepares for a spinoff within 12 months and an eventual IPO (Cissy Zhou/Nikkei Asia) 24-05-2023

Cissy Zhou / Nikkei Asia: Sources: Alibaba Cloud plans to layoff 7% of its staff, or ~1,000 employees, as the unit prepares for a spinoff within 12 months and an eventual IPO  —  Move follows tech giant announcing spinoff of group within 12 months  —  Alibaba, like other Chinese tech companies … Lees verder op Tech Meme

European gaming giant Embracer says a “groundbreaking” partnership worth $2B+ has collapsed and lowers its financial forecasts, sending shares crashing by 40%+ (Rafaela Lindeberg/Bloomberg) 24-05-2023

Rafaela Lindeberg / Bloomberg: European gaming giant Embracer says a “groundbreaking” partnership worth $2B+ has collapsed and lowers its financial forecasts, sending shares crashing by 40%+  —  One of Europe’s largest gaming companies has slashed its profit forecast for the year after a planned partnership fell through worth … Lees verder op Tech Meme

Sources, reports, and analysis: Chinese hackers targeted the Kenyan government from late 2019 until at least 2022 to find information on debt owed to China (Reuters) 24-05-2023

Reuters: Sources, reports, and analysis: Chinese hackers targeted the Kenyan government from late 2019 until at least 2022 to find information on debt owed to China  —  Chinese hackers targeted Kenya’s government in a widespread, years-long series of digital intrusions against key ministries and state institutions … Lees verder op Tech Meme

The EU General Court dismisses Meta's challenge to EU regulators seeking vast amounts of data in an antitrust case; Meta first opposed the request in 2020 (Stephanie Bodoni/Bloomberg) 24-05-2023

Stephanie Bodoni / Bloomberg: The EU General Court dismisses Meta’s challenge to EU regulators seeking vast amounts of data in an antitrust case; Meta first opposed the request in 2020  —  Meta Platforms Inc. lost a court fight with European Union regulators who demanded vast amounts of data to help build an antitrust case against the social-network giant. Lees verder op Tech Meme

Logitech announces the $699 Logi Dock Flex, an all-in-one USB-C docking station with an 8-inch touchscreen and support for two 4K monitors, coming in fall 2023 (Jess Weatherbed/The Verge) 24-05-2023

Jess Weatherbed / The Verge: Logitech announces the $699 Logi Dock Flex, an all-in-one USB-C docking station with an 8-inch touchscreen and support for two 4K monitors, coming in fall 2023  —  Logitech has announced the Logi Dock Flex, its latest all-in-one USB-C docking station designed to alleviate some of the frustrations of hot desking and hybrid working. Lees verder op Tech Meme