Instacart Poaches Facebook’s Fidji Simo for CEO Role
The grocery delivery service has been aggressively poaching from Facebook as it expanded over the past year.
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Indian Food Delivery Startup Zomato to Raise $1.25 Billion in IPO
The IPO would be a shot in the arm for China's Ant Group and Uber, which both own minority stakes in the startup.
Tesla Unveils Cheaper Version of Model Y in China
The move, which could boost demand, comes after China's regulator last month told Tesla to address a safety issue in 285,520 cars through software updates.
Prenatal Test Made by China’s BGI Harvested Pregnant Women’s Data for Research
Reuters reports that U.S. government advisors are worried about the massive data being collected by the Chinese gene sequencing company as China and the U.S. battle for tech supremacy.
Chinese Medical Data Startup Halts U.S. IPO After Didi Crackdown
The move comes just days after Beijing launched a severe crackdown on ride-hailing giant Didi Global and two other U.S.-listed Chinese tech firms.
Google Sued by States Over App Store Antitrust Violations
Google, not Apple is the first app store to face US regulatory action.
New Execs Join Amazon’s S-Team
Bezos and Jassy wrote that two longtime executives would join the S-team: Drew Herdener, vice president of global communications, and James Hamilton, an AWS vice president and engineer.
U.S. Startups Raise Record $140 Billion
Fueling the record-breaking investment levels are mega-financing rounds at sky-high valuations.
Melinda French Gates Agrees to Terms of Possible Exit From Foundation
Melinda French Gates has agreed to eventually leave the foundation she created with Bill Gates if either of them decides they can't work together.
SoftBank Leads New Funding For Israeli Facial Recognition Company
Microsoft sold its stake in AnyVision last year after the software giant conducted an audit into how the company’s technology was being used within Israel.
Glossier Raises $80 Million Series E at $1.8 Billion Valuation
While other e-commerce brands, including Allbirds, Warby Parker, StockX and Rent the Runway, are testing the public market, the fundraising signals that Glossier isn’t planning to go public this year.
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.
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.
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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