Didi, Kuaishou, Huawei, TikTok, and other Chinese tech companies are expanding in Latin America and poaching talent from each other, as competition intensifies (Rest of World)

Zheping Huang / Bloomberg:
Kuaishou reports Q3 revenue up 12.9% YoY to ~$3.2B, beating estimates, and a ~$378M net loss, holding its own against ByteDance and China’s slowing economy  —  Kuaishou Technology’s revenue beat estimates, holding its own against a slowing Chinese economy and competition from TikTok owner ByteDance Ltd.

Todd Shields / Bloomberg:
The FCC imposes a ban on equipment from Huawei and ZTE, camera providers Hikvision and Dahua, and radio maker Hytera, citing “a risk to national security”  —  US regulators imposed a ban on electronic equipment from Huawei Technologies Co. and ZTE Corp., continuing a years-long effort …

ProPublica:
Analysis reveals how Google’s ad business funnels revenue to prolific purveyors of health, election, and climate disinfo in Europe, Latin America, and Africa  —  Google is funneling revenue to some of the web’s most prolific purveyors of false information in Europe, Latin America and Africa, a ProPublica investigation has found.

Kate Rooney / CNBC:
FTX partners with Visa to offer debit cards linked directly to a user’s FTX account in 40 countries, with a focus on Latin America, Europe, and Asia  —  – Visa is teaming up with global crypto exchange FTX to offer debit cards in 40 countries with a focus on Latin America, Asia and Europe.

Politico:
A look at Huawei’s future in Europe, as sources say the company is scaling back in the UK, France, and Belgium to focus on China, following US sanctions  —  The Chinese tech giant is scaling back in Brussels, Paris and London and pivoting to its domestic market.  —  Laurens Cerulus and Sarah Wheaton

Axios:
Sources: the FCC plans to ban all sales of new Huawei and ZTE telecommunications devices in the US over national security concerns, pending a vote  —  The Federal Communications Commission plans to ban all sales of new Huawei and ZTE telecommunications devices in the U.S. …