Grocery delivery service Instacart has poached senior Facebook executive Fidji Simo to be the company’s new CEO, the latest in a series of high-level hires it has made from Facebook’s ranks. Simo, who is the head of the Facebook app, has been on the board of Instacart since January. As one of the most senior women at Facebook, her departure is a significant loss for the company after a series...
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Opinion Asia Policy
China’s Tech Crackdown Is a Geopolitical Play
It hardly bears repeating that 2021 was a rough year for China’s platform companies. The firehose of new regulations and rolling crackdowns on everything from data security to overseas listings cost Chinese shares—including those of Didi, Meituan, Pinduoduo, JD.com, Tencent, and ByteDance—42% of their cumulative value in the U.S. and Hong Kong. Not so long ago, China held up...
China Plans to Require Big Internet Firms to Gain Approvals for Deals
Beijing Olympics Covid-Tracker App Has Security Flaws
NFT Gaming Company Animoca Brands Raised $360 Million at $5 Billion Valuation
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