Alibaba’s Hong Kong-listed stock plunged 9.8% Wednesday as investors continued to sell Chinese tech stocks due to concerns about the impact of China’s new antitrust rules. The e-commerce giant’s share price had already dropped 5.1% in Hong Kong and 8.3% in New York on Tuesday after the Chinese government unveiled draft regulations. The stock’s sharp decline overshadowed some of the...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Exclusive venture capital
Alexis Ohanian Venture Fund Plots $776 Million in New Funds
Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
Treasury Warns of Cloud Computing’s Risks to Financial Industry
Amazon Adds Sports Gambling Channel to Free Streaming Service
Uber’s Ride Hailing Business Shows Strong Recovery
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.
Recent Popular Stories
The 1:1 google
‘We Just Have to Keep Winning’: A Sonos Executive With a Colorful History Goes to War Against Google
Dealmaker venture capital
A New Bubble Is Forming for AI Startups, But Don’t Expect a Crypto-like Pop