SoftBank Stock Soars on Deutsche Telekom Share Swap Deal
The deal to acquire a 4.5% stake in Deutsche Telekom will make SoftBank one of the largest shareholders with a board seat.
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Didi’s Ride-Hailing Rival in China Raises Nearly $600 Million
Cao Cao Mobility's funding round, led by China's state-owned funds, comes as its bigger rival Didi is grappling with the government's crackdown.
Didi Denies Reports That Beijing City Planning to Invest
The Chinese ride hailing firm said in its official social media in Chinese that reports that Beijing was coordinating an investment into the firm were untrue.
JD.com Appoints President as Founder Steps Back From Day-to-Day Operation
The founders of some of China's biggest tech companies are stepping back from day-to-day management roles amid Beijing's escalating regulatory crackdown.
FTC Commissioner Infighting Spills Into Public View
FTC Commissioner Christine Wilson accuses colleagues of withholding access to investigative information.
MongoDB Shares Jump 25% on Cloud Database Sales
MongoDB investors are apparently thrilled about the database provider's efforts to transition its business from licensed software to cloud services.
Match Group Wants Dutch Antitrust Authority to Disclose Enforcement Decision
Match said the regulator is required to disclose its decision in the next two weeks.
Disney Dropped the Ball in Averting Johansson Lawssuit
The lawsuit has put Disney on the defensive as Hollywood has rallied around the actress.
Beijing Municipal Government Proposes Taking Controlling Stake in Didi
It’s unclear if the city’s proposal to have a consortium of state-owned enterprises buy a controlling stake in the ride hailing company would get the approval of the central government.
Alibaba to Set Aide $15.5 Billion for China’s “Common Prosperity” Campaign
Amid Beijing's crackdown, China's internet giants are launching charity and social responsibility programs to promote the Communist Party’s policy goals.
China Launches Another Stock Exchange in Bid to Promote Innovation
The creationm of what is essentially a repackaging of an existing exchange in Beijing happens even as IPOs in another tech-oriented market have been struggling.
Amazon Nears Launch of Television
Amazon is preparing to launch an Amazon-branded TV set that includes its Alexa digital assistant.
Reddit Plots 2022 IPO
The $10 billion social news site plans to hire investment banks and lawyers in the run-up to its highly-anticipated initial public offering.
Tesla Temporarily Halted Some Production in China Due to Chip Shortage
The global chip shortage has impacted Tesla, too, in one of its most important markets where it halted some output for four days, Bloomberg reported.
ByteDance to Scale Back Fintech Services
Amid tightening oversight of online financial services, ByteDance said it would reduce fintech services and sell its brokerages, which are based in Hong Kong and mainland China.
China’s Regulators Urge 11 Ride Hailing Firms Including Didi to Follow Rules
The transport ministry said it had met with representatives from the ride hailing firms Wednesday to highlight concerns on the use of unqualified drivers and unruly promotions.
Apple Allows App Developers to Link to Outside Payment Methods
The move makes it easier for consumers to bypass Apple’s in-app purchase system and buy subscriptions directly from app developers.
Alibaba, Oracle See Big Gains in Latest Gartner Cloud Ranking
Alibaba Cloud jumped into third place behind Amazon and Microsoft in Gartner's latest cloud provider rankings, while Google Cloud slipped.
Samsara Files Confidentially for IPO
Samsara, a startup backed by Andreessen Horowitz, has filed confidential paperwork with regulators for an IPO.
Didi Global to Create a Union for its Workers
The government-affiliated union is being created as China’s government is pushing for greater distribution of wealth.
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