Booted From the U.S., China Mobile Seeks to Raise $7.6 Billion in Shanghai IPO
The state-owned carrier is planning the biggest domestic initial public offering in a decade in a major test for China’s stock market.
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Tech Hiring Startup Turing Valued at $1.1 Billion After New Funding
Turing, which topped The Information's list of promising business-to-business startups this year, is looking to take on consulting giants.
Meta Platforms Poaches Senior Lawyer From U.K. Antitrust Agency
Jenny Coombes previously spent eight years working as a competition lawyer at Google.
Electric Vehicle Stocks Fall With Biden’s ‘Build Back Better’ Plan in Jeopardy
Among the worst hit stocks Monday included electric vehicle makers Lordstown Motors, Rivian and Nikola, which respectively fell 8.2%, 7.9% and 7.3% from the close of the market Friday.
Subscription Streaming Video Content Spending Approaches $50 Billion in 2021
Content spending by subscription streaming services is up 20% year-over-year, new research says, as Netflix and its rivals duke it out to lure new customers.
Google and Facebook Offer New Equity Awards To Retain Talent
Big technology companies are offering bigger stock awards to retain top employees amid the tight job market and competition from upstarts
Oracle to Acquire Healthcare Technology Firm Cerner for $28.3 Billion
With Oracle's cloud business showing signs of life, Larry Ellison is now making a big bet in software for managing electronic medical records.
Google’s YouTube Cements Deal With Disney Over Distribution of Channels
The deal ends a two-day blackout of channels such as ESPN and FX.
China’s SenseTime Gets $512 Million from Cornerstone Investors Despite U.S. Investment Ban
The Chinese artificial intelligence company had to postpone its Hong Kong share sale after the U.S. issued a ban on U.S. investors buying into the company.
Amazon Yielded to Some Demands from Beijing to Operate in China
Amazon partnered with a Chinese propaganda department to open an online storefront for Chinese books and also banned reviews of a book of President Xi Jinping's speeches
TikTok Says School Violence Threats Didn’t Originate on App
TikTok says school violence threats didn't originate or circulate on the app.
The New York Times in Talks to Acquire The Athletic—Once Again
The two companies are in exclusive talks, six months after ending a previous attempt at a deal.
California Regulator Investigates Google’s Treatment of Black Female Employees
The state's Department of Fair Employment and Housing is looking into Google’s treatment of Black female employees following allegations of discrimination, Reuters reported
Meta Whistleblower Frances Haugen Signs Book Deal
The unnamed book with offer a "critical examination of Facebook," according to publisher Little, Brown and Company.
WSJ: Oracle in Talks to Buy Medical Software Company Cerner
If completed, the $30 billion deal would be Oracle’s biggest.
US Blacklists China Tech for “Brain Control” Weapons While Report Reveals Huawei Spy Attack
The U.S. government set export controls on dozens of Chinese companies and research institutions, while Bloomberg reported Chinese spies used Huawei telecom equipment to infiltrate Australia.
Alibaba Aims for $100 Billion in Southeast Asia E-Commerce Transaction Volume
Alibaba's new goals for Southeast Asia come as its business in China grapples with slowing economic growth and Beijing's regulatory crackdown.
Australian Regulator Approves Amazon’s MGM Deal, But Major Hurdles Remain
The companies still have to get past the Federal Trade Commission.
Cruise CEO Ammann is Leaving GM
Cruise president and CTO Kyle Vogt, who preceded Ammann as CEO, will return to the chief executive role on an interim basis.
Meta’s $1 billion Kustomer Deal Set to be Cleared in Europe
The deal remains under review in the U.S. and Germany.
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.
By providing your email, you agree to The Information’s Privacy Policy