The Information AM by The Information Staff

The sudden resignation of the Ant CEO follows last year's abrupt suspension of the company's much anticipated IPO amid a Chinese regulatory crackdown on its business.

Briefing

China’s Antitrust Regulator Fines Tencent, Baidu, Didi for Past Deals

Mar 12, 2021 · 1:50am PST

The move comes as Beijing is ramping up its effort to rein in China's most powerful tech giants.

Briefing

Tencent, Walmart to Invest in Japan’s Rakuten in $2.2 Billion Deal

Mar 12, 2021 · 1:47am PST

Rakuten's fundraising could intensify competition in one of Amazon's largest international markets.

Briefing

Facebook Once Again in Hot Water Over Content-Moderation

Mar 11, 2021 · 4:07pm PST

Facebook's AI research teams have reportedly been more focused on responding to accusations of political bias than with stemming the flow of toxic content.

Briefing

Kilar Received $48 Million Stock Grant on Hiring to Run WarnerMedia

Mar 11, 2021 · 2:30pm PST

The stock grant appears large by AT&T standards but is in line with what is granted in the media and tech industries.

Briefing

Instacart Adds Snowflake CEO to Board

Mar 11, 2021 · 11:48am PST

Slootman has taken three companies public, so his appointment appears to be the latest signal Instacart is preparing to go public.

Briefing

Chinese Regulators Considering Huge Fine Against Alibaba

Mar 11, 2021 · 8:17am PST

The government is considering taking action against Alibaba, possibly including forcing it to divest some assets.

Briefing

Alibaba Plunges Into China’s Grocery Delivery Fight

Mar 11, 2021 · 2:21am PST

Alibaba is late to a field crowded with competitors who have invested billions of dollars in local grocery delivery services.

Briefing

China, U.S. to Establish Rare Cooperation in Chip Industry

Mar 11, 2021 · 2:14am PST

The move could signal a thaw of relations between the U.S. and China over chip making.

Briefing

Twitter Tests Tipping Feature for Clubhouse Rival Spaces

Mar 10, 2021 · 6:10pm PST

If released, the feature would allow users to send each other money for participating in audio chats that can potentially reach thousands of people.

Briefing

Latest SPAC Talking to BuzzFeed Has Ties to Media Executives

Mar 10, 2021 · 3:34pm PST

The SPAC, called 890 5th Avenue, is led by venture capitalist Adam Rothstein and has an NBCUniversal ad executive as a director and a former BuzzFeed exec as an advisor.

Briefing

Facebook Looks to Throw Out FTC, State AG Antitrust Cases

Mar 10, 2021 · 1:05pm PST

Facebook’s move is just the beginning of years of litigation.

Briefing

Apple Picks German City for New Silicon Chip Laboratory

Mar 10, 2021 · 7:54am PST

The facility is part of a long term move by Apple to build up its engineering presence in Europe.

Briefing

SoftBank-Backed Grab Mulls U.S. Listing Through SPAC Merger

Mar 10, 2021 · 3:21am PST

The Singapore-based startup's discussions come as major SPACs backed by high-profile global investors are seeking merger targets in Southeast Asia.

Briefing

Taiwan Raids Recruiters Poaching Semiconductor Talent for Chinese Crypto Miner Bitmain

Mar 10, 2021 · 2:01am PST

The two recruitment agencies were accused of breaching Taiwanese laws meant to protect the island from mainland China's influence.

Briefing

Chinese Bike Sharing Company Backed by Ant Group Files for IPO

Mar 10, 2021 · 1:38am PST

Hello TransTech, formerly known as HelloBike, has filed confidential paperwork for an IPO in the U.S. and could seek to raise as much as $1 billion.

Briefing

SoftBank Expects $16 Billion Profit From Coupang IPO

Mar 10, 2021 · 12:14am PST

SoftBank owns 35% of South Korea's Coupang, whose New York listing now seeks to raise more than $4 billion at a valuation of $58 billion.

Briefing

LinkedIn Halts New Signups in China After Microsoft Disclosed Hack

Mar 9, 2021 · 11:22pm PST

LinkedIn, one of the few Western tech platforms still operating in China, said it paused signing up new members in China to make sure it complies with local laws.