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Equity

Equity Monday: TikTok loves ecommerce and VCs think Mistral AI will be fine (potential EU regulatory overhang or not)

Dec 11, 2023
In this episode, the hosts discuss the end of earnings season, the spike in crypto trading activity, TikTok's joint venture with Tokopedia, the EU's regulatory plan for AI, Mistral AI's new funding, and other tech news including the chip war and fintech unicorns.
10:42

Podcast summary created with Snipd AI

Quick takeaways

  • TikTok forms a joint venture with Tokopedia to enter the Indonesian ecommerce market, indicating their strategic investment in Southeast Asia's largest e-commerce market.
  • Mistral AI's successful series A funding round shows that investors still see opportunities in AI despite regulatory challenges in the EU.

Deep dives

Stocks and Crypto

Despite concerns of deflation in China, stocks are mostly higher in Asia, mixed in Europe, and largely flat in pre-market trading in the US. In the crypto world, major cryptocurrencies have remained relatively flat in price, with Solana's token being the exception, surging 11.5% in the last week. The surge in trading volume, which has reached its second highest peak of the year, is driving up trading activity. This may result in increased investment for early-stage crypto startups.

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