Chinese Education Startup Zuoyebang Raises $1.6 Billion
Zuoyebang’s latest fundraising highlights how the online education market is one of the hottest sectors for investment in China.
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China Moves Closer to Digital Currency Rollout
Beijing hopes to encourage the use of their digital currency as an alternative to the digital payment services offered by Alibaba and Tencent.
China Cracks Down Further on Ant, Alibaba Shares Slide
Beijing's escalating crackdown on Ant, whose $37 billion IPO was suspended by regulators last month, could deal a severe blow to the fintech giant's future prospects.
Square Held Talks to Acquire Jay-Z’s Tidal Music Service
Square CEO Jack Dorsey has held discussions with Jay-Z about the digital payments company acquiring the rapper's streaming music service, Tidal.
U.K. and Europe Agree to Interim Data Arrangement in Brexit Deal
The U.K. and European Union agreed to a post-Brexit trade deal that includes an interim agreement allowing the temporary transfer of personal data across borders.
China’s Government Launches Antitrust Probe Into Alibaba
The growing pressure from Beijing could turn out to be the biggest challenge ever for China’s largest e-commerce company.
Self-Driving Bot Developer Nuro Buys Automated Truck Developer Ike
You can expect to see more of these kinds of deals as the biggest developers get bigger.
New Apple TV Device Expected With Improved Remote, Game Focus
Apple plans to release an updated version of its Apple TV set-top box next year with a bigger focus on games, a new remote control and an updated processor.
5G Airwave Auction Tops $69 Billion, Blowing Past Early Estimates
The FCC’s spectrum auction shows that wireless companies are willing to bet their futures on the success of 5G.
Telegram Outlines Revenue Plans, Nears 500 Million Active Users
Founder Durov says the company has grown too big to bootstrap, and he does not want to sell it.
China’s Regulators Scrutinize Popular E-Commerce Business Model
Any major restrictions on a business model used by China’s online grocery services could have a big impact on the fast-growing sector.
Amazon Allegedly Copied Wayfair, West Elm Products
A report from the Wall Street Journal provides a fascinating window into how Amazon identifies potential competitors and allegedly clones their products.
SEC Charges Ripple, Two Executives for Failing to Register Cryptocurrency
The SEC's decision to charge Ripple and two of its executives opens a new front in the ongoing battle over regulation of cryptocurrencies.
Tesla CEO Musk Says Apple CEO Refused to Discuss $60 Billion Acquisition
There is nothing like competition to bring out Elon Musk’s best shade on Twitter.
SEC Allows Companies to Raise Money Through Direct Listings, Avoiding IPO Fees
The proposal had been on hold as institutional investors expressed concerns about investor safeguards.
Amazon Germany Facility Sees Mass Coronavirus Outbreak
An Amazon distribution center in the German region of Hannover has been hit by a mass coronavirus outbreak.
Facebook Offered to Support Rival to Fend Off Antitrust Action
Facebook offered to help another company develop a social network by licensing its code, the report says.
IAC to Spin Off Vimeo
The video software company has seen rapid growth during the pandemic.
MGM Hires Bankers to Explore a Sale
The studio behind the James Bond franchise is asking $5.5 billion in a sale.
Google and Facebook Entered Pact to Defend Against Antitrust Action, Suit Alleges
An antitrust lawsuit alleges that Facebook and Google had a deal to cooperate with each other if they ever faced an antitrust lawsuit.
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