Didi Chuxing Stops Consolidating Loss-Making Grocery Unit Into Earnings
Without the online grocery business, Didi's operating loss could narrow, starting with the quarter through June.
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Didi Chuxing’s IPO Filing Shows Fast Rides Growth, Puzzling Financial Reporting
Didi made it exceedingly difficult for investors to compare its business to Uber's and Lyft's.
Bitcoin 2021 Might Have Been a Covid Super Spreader Event
The conference, attended by more than 12,000 participants, took place in a tightly packed warehouse where mask usage was negligible. There were also complaints about long, crowded lines.
Senators Say More U.S. Chip Production Is Critical
Lawmakers say the pandemic made it clear that the U.S. can't rely too heavily on foreign suppliers for semiconductors and other goods.
Intel Reportedly Trying to Acquire Chip Startup SiFive
As Nvidia's $40 billion acquisition of Arm moves slowly through the regulatory approval process, Intel is eyeing a similar startup.
Goldman Sachs CEO David Solomon Says SPAC Activity Has ‘Peaked,’ But IPO Market Remains Strong
In a Clubhouse event hosted by the bank, Solomon and other bankers said they were bullish on the tech IPO market, including the future of direct listings.
Target Taps Former Disney Exec to Help Avoid Outages
After experiencing some high-profile service disruptions in recent years, Target hires a veteran engineering executive who has also worked at Yahoo, Salesforce and Oracle.
Amazon Announces Corporate Employees Can Work Remotely Two Days a Week
Amazon will allow corporate employees to indefinitely work remotely two days a week.
Microsoft Building Xbox App for TVs, Streaming Device
Microsoft plans to let people play Xbox games on TV sets without requiring consoles.
Alibaba Says Will Develop an Autonomous Truck
Alibaba’s Chief Technology Officer Cheng Li will partner with its logistics subsidiary Cainiao to make a self-driving truck.
Singapore’s Grab Pushes Back Target Date for $40 Billion SPAC Merger
SoftBank-backed Grab, which originally aimed to complete its merger with Altimeter Growth by July, now expects to close the deal in the fourth quarter.
Starz Sues Disney Over Star+
Starz is suing over copyright infringement arguing the streaming service is too similar to its own StarzPlay offering
Sequoia Capital Considers Modifications to Fund Structure
The changes could help the Silicon Valley firm avoid increased taxes to carried interest proposed by the Biden administration.
Facebook’s Carolyn Everson Announces she is Leaving Company
"I recognize this news is sudden," outgoing chief revenue officer David Fischer wrote in an internal post.
Google, Apple, Amazon Could Stifle Competition in Connected Device Market, EU Says
The preliminary findings from a European Commission study could lead to enforcement actions.
Biden Revokes Trump Orders Banning TikTok and WeChat
President orders review of apps with ties to foreign adversaries that pose security threats.
WarnerMedia to Keep Half of its Movies in Coming Years on HBO Max
The company said that about 10-12 movies will go straight to HBO Max in coming years.
DoorDash Enters Japan in First Expansion Into Asia
In Japan, DoorDash will face competition from Uber Eats, Finland's Wolt and SoftBank-backed Japanese app Demae-can.
Senate Passes $250 Billion Bipartisan Bill to Counter China Tech Threat
The bill would boost government funding for technology research and development, including in key areas such as semiconductors.
Online Grocery Apps Dingdong Maicai and Missfresh File for U.S. IPOs
Sequoia Capital China-backed Dingdong Maicai and Tencent-backed Missfresh have filed to list in the U.S. as China’s tech giants fight for a piece of the large domestic market.
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