Ant Group Reaches Agreement With Government to Become a Financial Holding Company
The deal will turn Jack Ma's fintech giant into a holding company with similar capital requirements and oversight like a bank.
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The Information AM
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Recent Editions
Tencent Says It Fired More Than 100 Employees on Suspicion of Graft
The Chinese tech giant said that it investigated 60 cases since the last quarter of 2019 and turned 40 employees to police for investigation.
China Stockpiles Chips and Chip-Making Equipment Amid U.S. Pressure
China is trying to protect itself from U.S. efforts to restrict the sales of key American technology products to Chinese companies.
Amazon Reports Record Earnings and a Transition of Power
Amazon on Tuesday dropped a heck of a lot of news.
Bezos to Step Down as Amazon CEO, Will Be Replaced By AWS’ Andy Jassy
Amazon on Tuesday announced that founder Jeff Bezos will step down as CEO Q3 and transition to the role of Executive Chair.
Google Says Cloud Business Generated $13 Billion in Revenue in 2020
Google has been waging an aggressive campaign to expand its market share in cloud-computing.
Bumble Sets IPO Pricing Range
The dating app is looking to raise about $1 billion at the midpoint of its tentative pricing range.
GameStop Stock Collapses Days After Short Squeeze
The stock was trading as high as $483 in recent days and is now hovering around $114.
Uber Buys Alcohol Delivery Service Drizly for $1.1 Billion
The acquisition helps Uber match goPuff, another delivery service which recently bought a liquor chain.
Alibaba CEO: Unable to Assess Impact From Ant Group’s Challenges
Despite strong quarterly earnings, Alibaba continues to grapple with Beijing's regulatory crackdown on the e-commerce giant and its affiliate Ant Group.
ByteDance Accuses Tencent of Monopolistic Behavior
Tencent restricts users from sharing content from ByteDance short-video app Douyin on its messaging app WeChat and QQ.
Kuaishou Trading at Twice IPO Price in Gray Market Ahead of Debut
The trading is a sign that Kuaishou's IPO is expected to be a blockbuster.
Google to Shut Down Stadia Video Game Studios
Google is getting out of creating video game titles but will stick with cloud services for gaming.
Ford Inks Pact With Google For Cloud Services, Android
In addition to naming Google Cloud its "preferred" provider, the automaker says it plans to use Google's AI to speed supply chains and manufacturing.
Sriram Krishnan Named General Partner at Andreessen Horowitz
He has used one of Andreessen Horowitz’s hottest investments, the audio-based social network Clubhouse, to regularly host live conversations with tech leaders.
WeWork Rival Knotel Files for Chapter 11 Bankruptcy
Newmark is investing $20 million "to support Knotel through the bankruptcy process."
Robinhood Raises Another $2.4 Billion, Said to Discuss Debt
Ribbit Capital led the latest equity round.
U.K. Online Retailer Asos Buys Topshop
The deal is another sign of the rapid expansion of e-commerce as pandemic shutdowns continue to weaken brick-and-mortar retail.
E.U. Claims Court Was Wrong to Overturn Apple’s $15 Billion Tax Bill
The European Union is appealing a court ruling that overturned a $15 billion penalty against Apple.
Former NYT and FT Bosses Buy Pro-European Newspaper
The newspaper had been acquired by a private equity firm last year.
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