Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

Briefing
e-commerce asia

Chinese E-commerce App Pinduoduo Reports Better-Than-Expected Results

By
Juro Osawa
· · Source: The Information

Chinese e-commerce firm Pinduoduo reported better-than-expected revenue and profits for the first quarter thanks to solid ad sales. The company’s New York-listed stock was up sharply as of Friday morning in premarket trading. Pinduoduo, whose app has 751 million monthly active users, said revenue rose 7% in the quarter, beating analysts’ expectations, as its online ad business grew 29% despite...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing ai media/telecom
Why the AI Race Is Getting Weird
By Jessica E. Lessin · Sept. 27, 2023 5:00 PM PDT
Sam Altman, CEO of OpenAI. Photo by Bloomberg via Getty.
There comes a point in every major new technology cycle where new alliances form, especially between the incumbents and the younger upstarts nipping at their heels.This is happening at superspeed in artificial intelligence—but the pattern is frankly pretty weird, and I think it points to the fact that AI, in a lot of ways, is going to be different from tech developments before it, like cloud...
Latest Briefs
 
Musk’s X Cuts Half of Election Integrity Team After Promising to Expand It
By Erin Woo · Sept. 27, 2023
Apple Used Bing Search Engine as ‘Bargaining Chip’ with Google, Microsoft Exec Says
By Aaron Holmes · Sept. 27, 2023
Meta Rolls Out New AI Products
By Kalley Huang · Sept. 27, 2023
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
Exclusive
Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware Project
By Jessica E. Lessin and Stephanie Palazzolo
Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, according to two people familiar with the conversations.
From left to right: Blair Effron, Robert Pruzan and David Handler. Photos by Getty; Tidal Partners.
Exclusive Finance
Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley Dreams
By Michael Roddan
The San Francisco Bay Area–based bankers at Centerview Partners, the investment bank that advised Silicon Valley Bank’s owner and Credit Suisse through recent turmoil, got two doses of bad news last week.
From left, a Google TPU, Broadcom CEO Hock Tan and Google Cloud chief Thomas Kurian. Photos via Getty, Google and YouTube.
Exclusive google semiconductors
To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
By Wayne Ma, Anissa Gardizy and Jon Victor
Google executives have extensively discussed dropping Broadcom as a supplier of artificial intelligence chips as early as 2027, according to a person with direct knowledge of the effort.
Art by Clark Miller
Exclusive startups entertainment
MasterClass Takes a Crash Course in Frugality
By Paris Martineau
MasterClass had a problem with the shoot featuring its latest star instructor, Walt Disney Co. CEO Bob Iger.
OpenAI CEO Sam Altman and Microsoft CEO Satya Nadella. Photos via Getty
Exclusive microsoft ai
How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar
By Aaron Holmes
Microsoft’s push to put artificial intelligence into its software has hinged almost entirely on OpenAI , the startup Microsoft funded in exchange for the right to use its cutting-edge technology.
Art by Clark Miller
The Big Read policy
Europe Has Figured Out How to Tame Big Tech. Can the U.S. Learn Its Tricks?
By Chris Stokel-Walker
Late last month in Belgium, Sen. Elizabeth Warren (D-Mass.) had a pressing question for Paul Tang, a Dutch politician and member of the European Parliament.