Is that this what excellent news appears like? • TechCrunch

Hiya and welcome again to Fairness, the podcast in regards to the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

It’s the first Monday of December, so this present is moving into the vacation spirit. And by that, we imply pondering far an excessive amount of in regards to the geopolitical-technological panorama, naturally.

Right here’s what we obtained into on our Monday episode!

• Shares in China are ripping greater on information that its drastic COVID-related insurance policies might be beginning to ease. It’s a good distance from a reopening, however after years of hard-edged lockdowns, Chinese language tech corporations are respiration a sigh of aid — a minimum of in valuation phrases. Shares are down in Europe and the US.
• How a lot are Chinese language equities rallying? Bilibili is within the lead, up round 16% in pre-market buying and selling. The day’s features gained’t cowl all prior losses, however for the nation’s beleaguered tech business, the valuation features are past welcome information.
• And sticking to the excellent news vibe, the truth that the U.S. central financial institution might sluggish the tempo at which it raises rates of interest may present some helpful tailwinds to tech corporations.
• The Circle SPAC deal is off.
• Giraffe360 raised new capital, which stunned us, given our perspective on the housing market.
• And we closed with notes on ChatGPT, the factor that everybody on Twitter can not cease enjoying with.