
India’s ban on Chinese apps, including TikTok, has allowed homegrown short-video apps like Josh to thrive; Josh has 150M+ MAUs and a $5B valuation as of April (Saritha Rai/Bloomberg)

Luminar hires CJ Moore, a manager on Apple’s car project who joined from Tesla in August 2021, to lead software development (Gabrielle Coppola/Bloomberg)

JD.com reports Q1 revenue rose 18% YoY to ~$35.6B, beating analyst estimates, as its net loss reached ~$445M; JD stock jumps 7%+ on NASDAQ (Coco Liu/Bloomberg)

New bipartisan Senate bill prohibits companies with $20B+ in annual digital ad transactions from participating in more than one part of the digital ad ecosystem (Keach Hagey/Wall Street Journal)

Grailed, a streetwear resale platform, raises $60M Series B led by competitor Goat Group with participation from Thrive Capital and Index Ventures (Lucy Maguire/Vogue Business)

Daversa, an executive recruitment firm for companies like Instacart and Spotify, is facing allegations of male-on-male harassment and assault in a new lawsuit (Zoe Schiffer/The Verge)

Interview with Niantic CEO John Hanke about Niantic’s vision for the metaverse and how the metaverse could become a dystopian nightmare (Mark Sullivan/Fast Company)
