Yes, high-risk presidential elections are underway, but tech news doesn't stop completely: Chinese regulators pull the brakes on Ant Group IPO, Spotify adds support for standalone streaming on Apple Watch and PayPal outlines its plans for 2021. This is your Daily Crunch for November 3, 2020.
The big story: China postpones Ant Group IPOThe Shanghai Stock Exchange postponed Ant Group's IPO a day after Chinese regulators held a closed-door meeting with Jack Ma and other company executives. The company also halted plans for its public listing in Hong Kong.
Ant Group, an Alibaba-born financial technology giant, was previously on track to raise $ 34.5 billion in the world's largest IPO. It's not exactly clear why the offer was canceled, but Alibaba founder Ma recently gave a speech criticizing China's financial regulation.
"We sincerely regret any inconvenience caused to investors," the company said in a statement. "We will properly handle follow-up issues following the compliance regulations of the two exchanges."
The tech giantsSpotify adds standalone streaming support to its Apple Watch app - the feature was spotted during testing in September and comes about two years after Spotify first debuted with the dedicated Apple Watch app.
Twitter Hides Trump's Tweet Attacking Supreme Court Decision on Pennsylvania Ballots - In a preview of what to expect in the coming days, President Trump pushed limits on Twitter's election-specific policies Monday night.
PayPal details its digital wallet plans for 2021, including cryptocurrency, Honey integration and more - The company said it plans to roll out substantial changes to its mobile apps in the coming year, including support for improved direct deposit , encryption and all of Honey's buying tools.
Startups, financing and venture capitalREEF technology raises $ 700 million from SoftBank and others to redo parking lots - REEF began its life as a Miami-based ParkJockey, providing hardware, software, and management services for parking lots.
Udacity raises $ 75 million in debt, says its tech training business is profitable after corporate pivot: The online training company is now focused on acquiring corporate clients.
Walmart reportedly ends contract with inventory robotics startup Bossa Nova - Walmart has reportedly pulled the plug on one of its more high-profile partnerships.
Tips and analysis from Extra CrunchFour takeaways from fintech VC in the third quarter of 2020: the latest news on insurtech, banks, asset management and payment startups.
Gaming rules the entertainment industry, so why aren't investors showing up? - Venture capital activity does not appear to match the size of the gaming market.
How startups can shake their first idea and still crush the market - A few thoughts on the old startup pivot.
(Reminder: Extra Crunch is our membership program, which aims to democratize startup information. You can sign up here.)
All the restTech Stocks Rise on Election Day - The gains came long before any outcome that would indicate the winner of the election.
NBC News launches an iOS 14 widget that puts election results on the home screen: NBC News allows users to customize a variety of widgets with information related to early voting statistics, polls, current election results and more.
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