E-Commerce App Xiaohongshu Halts U.S. IPO Plans Amid China’s Crackdown
Some bankers and investors expect the path for China tech IPOs in the U.S. to stay closed for at least the rest of this year.
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
Chinese Tech Companies Listing in Hong Kong Will Be Exempt From New Cybersecurity Review
China’s new cybersecurity review will only apply to companies seeking to sell shares overseas such as in New York, London or Singapore.
Xiaomi Overtakes Apple to Become No. 2 Smartphone Brand in Q2
Xiaomi’s low-cost phones gained popularity in regions such as Latin America and Africa, places where the iPhone's price is out of reach of most consumers.
Inspection Team Starts Onsite Investigation of Didi Global
A team composed of members of the national security, taxation, market supervision and natural resources authorities have started an onsite review of the Chinese ride hailing giant.
Google Parts Ways With Cloud VP in Aftermath of ‘Anti-Semitic Confession’ Post
Google’s personnel drama is the song that never ends.
Game Maker Nexon Hires Former Disney Executive to Lead Film Efforts
Game maker Nexon said it hired a former Disney executive, Nick van Dyk, to lead a new expansion into film and television.
Self-Driving Truck Firm Aurora Plans to Burn $4.3 Billion, Confirms SPAC
Another reminder of how expensive self-driving vehicle development can be.
U.S. Consumer Safety Agency Sues Amazon Over Hazardous Products
The U.S. Consumer Product Safety Commission seeks to hold Amazon legally responsible for harms caused by products sold on its third-party marketplace.
U.K. Fintech Revolut Valued at $33 Billion After Softbank and Tiger Backing
London-based Revolut raised $800 million in a new funding round led by SoftBank and Tiger Global.
SoftBank Invests $1.7 Billion in South Korean Travel Firm Yanolja
The latest deal comes after SoftBank enjoyed big gains from its previous investment in South Korean e-commerce giant Coupang.
Alibaba and Tencent Consider Opening Up More to Each Other
The potential move by the fierce rivals to open up their platforms to each other to use their services comes amid pressure from China’s antitrust authorities.
Netflix Hires Game Executive
Netflix hired former Facebook and Electronic Arts executive Mike Verdu to lead an expansion into games.
Microsoft Readies Launch of Cloud-Based Windows Service
Running Windows as a cloud service could free companies from the drudgery of having to upgrade to new versions of Windows and apply security updates.
Space Company Momentus and SPAC Fined By SEC for Misleading Investors
The U.S. regulator’s charges could foreshadow tougher rules and due diligence surrounding SPAC deals.
Mobile Phone Sales in China Fell Sharply
Sales of smartphones fell 27% in the second quarter compared to a year ago as users waited longer to upgrade.
Apple Working on Buy Now, Pay Later Service: Report
The new feature would compete with popular services such as Affirm and Klarna.
Solo VC Lachy Groom Raises $250 Million for Third Fund
The fund shows the growing influence of individual venture capitalists, as opposed to traditional VC firms, in winning competitive deals.
VC Investment in Black-Led Startups Quadruples
U.S. startups led by Black entrepreneurs raised $1.8 billion in the first half of the year.
Google Slapped With $590 Million Fine Over News Dispute in France
French authorities accused the search giant of not complying with court orders to negotiate deals with firms for the news that appears in search results.
China Approves Tencent Search Engine Deal After Blocking Game-Streaming Merger
Tencent will take private Sogou, a search engine listed in New York, in a $2 billion deal which China approved just days after blocking Tencent’s merger of two game streaming platforms.
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