The Rise of Timu: E-commerce's New Contender

Not an exchange blowing up, but is one of the biggest crypto projects in recent years losing developers and maybe entering a death spiral? More supply chain worries for Apple in China. More concerns about the accuracy and efficacy of our new AI bot overlords. And heads up about the new tech hotness from China. Say hello to Temu. It might be responsible for some of the presents you unwrapped recently.

Sponsors:

• Storyblok.com/ridehome

Links:

• Solana’s Top NFT Projects DeGods and Y00ts to Migrate Chains (CoinDesk)
• Apple’s business under growing threat from China’s Covid wave (Financial Times)
• Study finds AI assistants help developers produce code that's more likely to be buggy (The Register)
• IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers (Bloomberg)
• American Bargain Hunters Flock to a New Online Platform Forged in China (WSJ)

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