European Fintech Wise Valued At $11 Billion After London Direct Listing
Wise had been valued at $5 billion in a secondary market sale last year.
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China Fines Tech Firms for Not Submitting Deals For Antitrust Approval
The fines, while small, highlight how Beijing is continuing with a crackdown of its homegrown internet giants over antitrust concerns.
China Considers Regulating Legal Structure Used by Alibaba, Tencent and Others to List Shares Overseas
China’s tech companies got around foreign investment restrictions by setting up offshore shell companies. Now, China wants to regulate those.
Huawei’s U.S. Lawsuit Against Verizon Goes to Trial
The trial comes as Huawei struggles to cope with the lasting impact from U.S. trade sanctions that have dealt a severe blow to the Chinese company's business.
Weibo in Talks to go Private and Relist in China
The news comes as Beijing pressures its homegrown tech firms to list in China as opposed to the U.S. for geopolitical or disclosure reasons.
Neighborhood App Nextdoor to Merge With Khosla Ventures SPAC
The deal, which includes $270 million in additional PIPE financing, shows that the SPAC market remains attractive for startups with high-profile backers.
Pentagon Cancels Multibillion-Dollar Cloud Contract With Microsoft
The Joint Enterprise Defense Infrastructure (JEDI) cloud contract has been canceled after four years of competitive friction and lawsuits.
Didi’s Stock Falls More Than 20% After China’s Crackdown
The stock's plunge comes after China's top internet regulator ordered the ride-hailing giant's app to be removed from app stores.
China Issues New Rules on Overseas Listings That Could Stifle IPOs
The government called for tougher law enforcement mechanisms governing overseas-listed Chinese companies days after its crackdown on ride hailing giant Didi Chuxing.
Twitter No Longer Has Immunity Over User-Generated Content In India
India's ruling reflects increasing challenges for U.S. internet platforms in dealing with problematic content in Asia.
Twitter, Facebook, Google Threaten to Leave Hong Kong Over New Law
The threat comes as Beijing cracks down on pro-democracy activists in Hong Kong and passes new cybersecurity laws aimed at quashing dissent.
Chinese Regulators to Block Tencent’s Merger of Game Streaming Sites
The report comes amid a regulatory crackdown on Chinese internet companies on government concerns that they’ve become too powerful.
China’s Regulator Suggested Didi Delay U.S. IPO
Didi faces questions about whether it pushed ahead with its U.S. IPO despite the Chinese regulator's suggestion to delay the listing.
Apple Quashes Chinese App Workaround for Ad Tracking
The failure of the workaround shows how Apple still has leverage over Chinese apps even those such as WeChat and Alipay that are considered too big to remove.
Didi Says App Takedown Could Hurt Revenue in China
Didi's comment came after China's regulator ordered the ride-hailing giant's app to be removed from app stores, citing violations of internet security laws.
China Launches Cybersecurity Reviews of More U.S.-Listed Chinese Tech Firms
The new reviews come a day after Beijing ordered ride-hailing giant Didi, which went public in the U.S. last week, to remove its app from app stores.
China Orders Didi Chuxing’s App Removed From App Stores
Beijing's move, just days after Didi's New York IPO, highlights the huge regulatory risks facing China's biggest internet companies.
Activision Blizzard’s Overwatch League Under Antitrust Scrutiny For Salary Caps
The Justice Department probe comes during heightened antitrust scrutiny of labor markets.
Incoming Amazon CEO Jassy Gets $215 Million in New Stock
The incoming CEO, who already owns an Amazon stake worth more than $300 million, will get a new package when he takes the helm next week.
IBM President Whitehurst Departs After Two Years
In a surprising announcement, IBM reveals that president Jim Whitehurst, who was widely seen as a possible successor to CEO Arvind Krishna, is leaving.
Weekday mornings
The Information AM by The Information Staff
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