Tesla’s Car Deliveries in China Fall 69% in July
The decline in July deliveries could reflect the challenges Tesla had faced earlier in the Chinese market.
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Amazon Supply Chain Executive Moves To U.K.’s Deliveroo
The hiring comes as Deliveroo looks to rapidly expand and create hundreds of new product and engineering jobs.
SoftBank CEO: Taking Wait-and-See Approach With New China Deals
Beijing's regulatory crackdown has hurt SoftBank-backed Chinese tech companies such as ride-hailing giant Didi Global and logistics firm Full Truck Alliance.
Tencent-Backed Videogame Developer Tumbles in IPO Debut
The decline comes as China renews a crackdown on videogaming, with state media accusing the industry of harming China’s youth.
The RealReal’s Revenue Jumps 82% but Losses Mount
Sales for the San Francisco-based luxury used goods site soared in the second quarter, but its store expansion sunk profits even further into the red.
AWS Veteran Exec Charlie Bell to Depart
Charlie Bell, a 23-year Amazon veteran who oversees several different product teams at AWS, is leaving the company.
TikTok Owner ByteDance Denies Report of IPO Plan
ByteDance's IPO plans remain uncertain as Chinese internet giants grapple with Beijing’s regulatory crackdown and new data security requirements.
Beijing Court Sues Tencent Over Improper Youth Mode
The move comes amid a broad regulatory crackdown on Tencent and other Chinese tech giants.
Alibaba Fires Manager Accused of Sexual Assault Amid Public Outrage
Alibaba faces growing criticism that executives mishandled the case when a female employee reported that she had been sexually assaulted by her manager.
Alibaba Employee Accuses Manager of Sexual Assault
Alibaba said it has suspended the relevant parties suspected of violating its policies and is cooperating with the police investigation.
China’s Antitrust Regulator Plans to Fine Meituan $1 Billion
The penalty for the food delivery giant comes as China's government is stepping up its regulatory crackdown on internet companies.
Alibaba Warns of Higher Taxes Next Quarter
The move comes as the Chinese government stops designating some of its businesses as Key Software Enterprises amid a tightening regulatory environment.
Chinese State Media Say Online Platforms Need to Curb Celebrity Culture to Protect Children
The call comes after a critique of online gaming sent Tencent share prices falling earlier this week.
FTC Tells Facebook Its Justification for Cutting Off Researchers is ‘Inaccurate'
The move escalates an already tense relationship between Facebook and the FTC.
Amazon Delays Return to Office Until 2022
The company had planned to have office workers return in September, but the recent surge in Covid cases has scuttled those plans.
Robinhood Investors File to Sell Nearly 100 Million Shares
The secondary sale relates to Robinhood's emergency capital raising in February.
ByteDance to Shut Down Tutoring Apps, Lay Off Staff
TikTok owner ByteDance has focused on education as part of its effort to find new sources of revenue growth in addition to its lucrative online ads.
Walmart’s Flipkart May Face $1.35 Billion Fine
Reuters cited sourcing as saying the company could be fined for violating India’s strict rules over foreign investment in online marketplaces.
Tencent’s WeChat Resumes User Registrations After Nine Days
The resumption comes as the company has been battered by state media and other new regulations criticizing online gaming and its harm to China’s youth.
Uber Posts $1.2 Billion Operating Loss, Discloses DoorDash Comparison
Finally, it's possible to start comparing Uber's U.S. and Canada food delivery business to that of market leader DoorDash.
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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