Chinese Fast Fashion Retailer Shein Revives Plans for IPO in the U.S.
The company had around $15.7 billion in revenue in 2021 and its valuation doubled to $50 billion.
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Tencent Fires Nearly 70 Staff in Anti-Corruption Campaign
The move comes as Tencent and other Chinese tech giants are coming under intense scrutiny from the government.
New DOJ Antitrust Head Kanter Plans to Eschew Merger Settlements
The resource constrained-agency however, will have to pick its battles carefully.
Google Faces New State Suits Over Location Tracking
The attorneys general have brought new Google privacy suits related to its collection of location data
Chime Said to Tap Goldman Sachs for Upcoming IPO
News that Chime is preparing for an IPO comes amid weeks of a broad sell-off in technology stocks.
Thomson Reuters Hires Microsoft VC Exec for New Fund
Tamara Steffens, a former Microsoft executive who has spent the past three years leading investments at its venture fund, M12, is moving on.
Indian Food Delivery Startup Swiggy Raises $700 Million
The new fundraising values SoftBank-backed Swiggy at $10.7 billion, making it one of Asia's most valuable startups.
Indian’s Ola Electric Raises $200 Million at $5 Billion Valuation
The electric scooter maker, which was spun off from ride-hailing app Ola, is backed by Tiger Global and SoftBank.
Activist Investor Seeks to Push Peloton CEO Out
Blackwells Capital wants the maker of the once-hot stationary bikes to sell itself to a larger company.
Sriram Krishnan to Shift to Andreessen Horowitz’s Crypto Team
The VC firm’s general partner previously focused on consumer investing.
Google Boosted Lobbying Spending as Antitrust Pressure Rose
Google and other tech companies increased their spending as they try to beat back bills that threaten to crimp their revenue.
Peacock Taps Second Hulu Executive
The executive hire comes as NBCUniversal is weighing pulling its content off Hulu.
Shopify is Overhauling its Fulfillment Network
The Canadian e-commerce giant has struggled to get its fulfillment business off the ground. Now, the firm appears to be cutting its losses by scaling back operations.
Google Urges Court To Throw Out Texas-led Antitrust Case Against Ad Tech Business
At heart, Google’s argument is that it has no duty to help its competitors.
Twitter CEO Shakes Up Security Team
The company’s head of security was terminated from the position, according to The New York Times.
TikTok Owner ByteDance’s 2021 Revenue Rose 70%
ByteDance's China business, which generates the bulk of its revenue, could face a tougher environment this year, as the country's advertising market slows.
Netflix Reports Lower Than Forecast Subscriber Growth
Investors, who typically judge Netflix by its subscriber growth, sent Netflix shares tumbling 10% in after-hours trading to $457.76, its lowest point since mid-2020.
Google Developing Mixed Reality Headset Aimed for 2024
Details on Project Iris point to a device with similar capabilities to upcoming headsets from Apple and Meta Platforms.
DeepMind Cofounder Leaves Google for VC Firm Greylock
Mustafa Suleyman will help the venture capital firm with its investments in AI companies
Andreessen Horowitz Looks to Raise $4.5 Billion For Crypto Funds
The capital raise would result in the biggest crypto fund in the industry’s history.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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