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Tech Across the Globe

iPhone fight: Xiaomi is moving up the release of its next flagship smartphone and changing its branding to go head-to-head with the recently released iPhone 17 models.

Plaid will pay: Fintech solutions provider Plaid will pay JPMorgan to access its customer data, forestalling a lawsuit that a group of fintech outfits were set to file against the bank over its fees.

The magic Disney touch: Disney announced a plan to deepen its partnership with LA-based Webtoon, a digital comics specialist that will build and operate a new dedicated platform for the media giant. Webtoon’s shares rocketed up in value.

Revalued

Dyna Robotics, a startup developing general-purpose robots, raised $120 million in a new funding round that values the company at more than $600 million. The round, led by CRV, First Round Capital and RoboStrategy, included the venture capital arms of Nvidia, Amazon and Salesforce.

Must Read

In among all the tumult of China’s wobbly economy, artificial intelligence disruptors like DeepSeek and price wars over food delivery customers, Alibaba has had a stormy time in recent years. That’s proven enough to draw co-founder Jack Ma to return — not in any official capacity, but his presence is being felt across the corridors of Alibaba’s campuses. Luz Ding brings us behind the scenes with today’s Tech In Depth essay on how the Chinese ecommerce pioneer is helping steady the ship. 

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This Week in Power On

Apple introduced its iPhone 17 models with a return to its design roots, Mark Gurman reports in this week’s Power On. That focus on design as essential to a product’s operation has been missing since famed designer Jony Ive left the company in 2019, Gurman writes.

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