Is that this what excellent news appears like? • TechCrunch

Hey 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 considering far an excessive amount of in regards to the geopolitical-technological panorama, naturally.

Right here’s what we received 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 respiratory a sigh of reduction — at the very least in valuation phrases. Shares are down in Europe and america.
• 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 positive factors gained’t cowl all prior losses, however for the nation’s beleaguered tech business, the valuation positive factors are past welcome information.
• And sticking to the excellent news vibe, the truth that the U.S. central financial institution could gradual the tempo at which it raises rates of interest might 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’t cease enjoying with.