Didi Says App Takedown Could Hurt Revenue in China
Didi's comment came after China's regulator ordered the ride-hailing giant's app to be removed from app stores, citing violations of internet security laws.
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China Launches Cybersecurity Reviews of More U.S.-Listed Chinese Tech Firms
The new reviews come a day after Beijing ordered ride-hailing giant Didi, which went public in the U.S. last week, to remove its app from app stores.
China Orders Didi Chuxing’s App Removed From App Stores
Beijing's move, just days after Didi's New York IPO, highlights the huge regulatory risks facing China's biggest internet companies.
Activision Blizzard’s Overwatch League Under Antitrust Scrutiny For Salary Caps
The Justice Department probe comes during heightened antitrust scrutiny of labor markets.
Incoming Amazon CEO Jassy Gets $215 Million in New Stock
The incoming CEO, who already owns an Amazon stake worth more than $300 million, will get a new package when he takes the helm next week.
IBM President Whitehurst Departs After Two Years
In a surprising announcement, IBM reveals that president Jim Whitehurst, who was widely seen as a possible successor to CEO Arvind Krishna, is leaving.
Broadcom Settles Antitrust Case with FTC Over Cable Box, Modem Chips
The settlement resolves a FTC investigation stretching back nearly five years.
Google Struggles To Retain Diverse Workers
The company’s latest diversity, equity and inclusion report shows a significant increase in attrition amongst non-white workers, particularly Black women.
Didi Stock Drops 9% as China Announces Cyber Review of Firm
The cyberreview is the latest example of a Chinese government move that appears aimed at stifling growth of a Chinese tech giant.
Report Says Alibaba’s Jack Ma and Joe Tsai Pledged Company Shares for Loans
U.S. companies must disclose share pledges by executives, but foreign companies listed in the U.S. aren’t required to do the same.
SoftBank Invests in Dubai’s Kitopi at $1 Billion-Plus Valuation
SoftBank is ramping up the pace of its venture capital investments after the Japanese company reported a record profit for the last fiscal year.
DST in Talks to Invest in India’s Online Used Car Market Cars24
DST and others are in discussions to invest $250 million in the startup, giving it a potential valuation of $2 billion.
Turkish Ecommerce firm Hepsiburada Valued at $3.9 Billion in IPO
The Turkish firm's Nasdaq listing shows how foreign companies continue to seek out access to the U.S. public markets.
Divided FTC Rescinds 2015 Enforcement Guidance Promoting Consumer Welfare
The FTC now has wider latitude to police anticompetitive conduct.
Robinhood Files For IPO
The commission-free stock trading app will trade on the Nasdaq under the ticker symbol "HOOD."
Pinterest Bans All Weight-Loss Ads
It’s unclear how rampant weight-loss ads were on Pinterest, and as a result, how much this move would affect ad revenue. At the very least, it’s good PR for the social platform as it competes with bigger social giants.
Amazon Adds New Leadership Principles Ahead of Bezos Exit
The changes reflect a recognition of criticism of Amazon's workplace and scale.
Central European Grocery Startup Raises Funds at $1.2 Billion Valuation
Rohlik plans to use the new funding to expand into Italy, France and Germany.
Tech Titans Join as China Marks Communist Party’s Centennial
Meituan’s billionaire founder Wang Xing was seen among the tens of thousands in attendance at events marking the 100-year anniversary of the Communist Party.
Two Microsoft Presidents to Depart as Fiscal Year Ends
The end of Microsoft's fiscal year June 30 typically brings major executive changes, and this year two senior U.S. sales leaders are heading for the exits.
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.
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