Tencent Dismisses Online Rumor About New Regulatory Crackdown
China's internet sector continues to face a tough environment after Beijing's crackdown over the past year and an economic slowdown.
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The Information AM
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Recent Editions
Trump’s New Social Media App Available on Apple App Store
The former president launched Truth Social and had been banned from Twitter, Facebook and Google following the Jan. 6 attack on the Capitol Building.
SoftBank Leads $190 Million Round for Investment Platform PrimaryBid
London-based PrimaryBid, which helps companies sell their shares to retail investors, may use some of the newly raised money to expand into the U.S.
OpenSea Investigating Phishing Attack After Hackers Stole NFTs
The OpenSea hack is far from the first example of hackers targeting digital assets.
Microsoft Began Talks to Buy Activision Days After WSJ Report
Activision Blizzard's regulatory filing offers a detailed look at how the deal came together in the wake of the Journal’s reporting.
FTC’s Khan Gets Several New Advisors
Khan brings on experts on tech policy and the pharmaceutical industry.
Chamath Palihapitiya Steps Down as Virgin Galactic Chair
Virgin Galactic went public in 2019 via one of Palihapitiya’s special purpose acquisition companies.
FTC’s Chief Economist Abruptly Resigns
FTC Chair Lina Khan has deemphasized economics in antitrust enforcement
Chime Delays IPO Amid Fintech Stock Volatility
Last month, the company tapped Goldman Sachs to help it prepare for the $40 billion IPO.
Texas AG Investigates TikTok for Human Trafficking and Child Privacy Violations
It’s Ken Paxton’s latest move to investigate the tech sector.
Billionaire Agrees to $4.3 Billion Recapitalization of DAZN
Billionaire Len Blavatnik is injecting more of his vast personal fortune into the loss-making sports-streaming service.
U.S. Adds Tencent’s WeChat to Notorious Markets List
The move marks an escalation from previous years, with WeChat entering the annual list for the first time.
Intel Predicts Returning to Double-Digit Revenue Growth by 2025
The company told investors revenue would grow between 10% and 12% after slower growth.
SoftBank, Goldman Lead $330 Million Round for India’s ElasticRun
ElasticRun, which helps mom-and-pop stores procure goods from consumer brands, is one of a growing number of Indian startups focusing on rural areas.
Tesla Accuses SEC of Harassing Elon Musk
The accusation was made in a filing to the court overseeing a 2018 $40 million settlement seeking to restrict his use of social media.
Sequoia Seeks Up to $600 Million For First Dedicated Crypto Fund
The fund is tailored to liquid token investments, the firm said on Thursday.
Circle Doubles Valuation to $9 Billion Under New SPAC Terms
The unusual move follows a sevenfold growth in market cap by the company’s stablecoin, USDC, in the past year.
Thrive Capital Raises $3 Billion in New Funds
The new funds bring Thrive Capital's assets under management to $16 billion.
Roku Discusses Making its Own TVs
The discussions come as Roku is facing increasing competition from the likes of Google and Amazon.
Amazon and Visa Reach “Global Agreement” After Dispute Over Fees
Over the past 12 months, Amazon threatened to pull Visa credit card services in the U.K., while also increasing surcharges by 0.5% on the cards in Australia and Singapore.
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