China’s State Firms to Invest in Ant Group’s Credit-Scoring Venture
The expected move is part of Beijing's effort to tighten its control over the financial technology giant controlled by Alibaba founder Jack Ma.
Weekday mornings
The Information AM
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
Recent Editions
Databricks Hires Salesforce Veteran, Raises $1.6 Billion in New Funding
Six months after raising a $1 billion Series G round at a $28 billion valuation, Databricks has hired a seasoned software sales vet and raised new funding.
Google Pushes Back Return To Office - Again
The Delta variant, rising Covid-19 case counts and fits and starts in vaccination rates continue to complicate the tech industry’s workplace reopenings.
South Korea Bill To Force More App Store Payment Options
The law could be the first of several globally as lawmakers in the U.S. and Europe consider different ways to weaken Apple and Google’s app store dominance
Allbirds Files to Go Public
The IPO filing shows Allbirds' revenue growth has bounced back somewhat in the first half of this year after slowing sharply during the pandemic.
Record 377 Startups to Pitch During Y Combinator Demo Day
The startup incubator has continued to expand despite criticism the quality of companies has diminished as it's scaled.
Uber Sells Portion of Russian Ride-Hailing Venture
The deal is the latest move by Uber to unwind its international operations.
Prosus Acquires India’s BillDesk for $4.7 Billion
Prosus is a spin off of South African media conglomerate Naspers and is best known for holding a 29% stake in China's Tencent.
DOJ Antitrust Nominee Kanter Got $20.3 Million From Former Law Firm
Kanter also disclosed four dozen past clients including Uber, Nike, and Spotify.
Zoom Shares Dip 12% on Slowing Sales Growth
Zoom's run as one of the top-performing pandemic stocks may be drawing to a close as schools reopen and some companies reopen offices.
Apple Acquires Classical Music Service
Apple said it acquired the classical music service Primephonic and will launch a standalone classical music app next year based on it.
China Issues Strict New Limits on Children Playing Videogames in Blow to Tencent, Netease
Marking a tough new line, the government announced that children are restricted to an hour of gameplay Fridays, Saturdays and holidays.
Fitness Tracker Startup Whoop Valued at $3.6 Billion After SoftBank Investment
The Boston-based wearables startup faces competition from the biggest tech giants including Apple, Google and Amazon.
Amazon Partners with Affirm to Offer Buy Now, Pay Later
By partnering with fintech company Affirm, Amazon is jumping on the buy now, pay later craze that has motivated younger shoppers to buy more goods online.
Apple Hires VC Firm Founder Trae Vassallo for Global Ops Role
Vassallo previously was a partner at Kleiner Perkins.
Disney’s ESPN Eyes Sports Betting Deals
The deals, if signed, would mark a bit of an about-face for Disney, which has shied away from sports betting.
Rivian Files Confidentially for IPO
Electric truck maker Rivian filed has filed confidentially for an IPO.
Andreessen Horowitz Announces $400 Million Seed Fund
Andreessen Horowitz is launching a dedicated seed fund shortly after announcing a $2.2 billion fund focused on cryptocurrency startups.
European Antitrust Review of Nvidia’s Arm Takeover Expected in Early September
Global regulatory reviews of the acquisition are expected to drag on for much of 2022.
China Looks to Ban Tech Companies with Sensitive Consumer Data From Listing in the U.S.
This proposed ban goes much further than earlier announced measures requiring large tech companies to get mandatory cybersecurity review in order to list in the U.S.
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