Ant Group Said to Consider Selling Its Stake in Paytm
Both Ant and Paytm denied the report which comes as Ant and its affiliate Alibaba, which also own a stake in Paytm, face a harsh environment in India.
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Trump Wants Section 230 Repealed
President Trump is trying to tie passage of the massive defense spending bill to a repeal of Section 230.
India’s Tata in Talks to Buy Alibaba-Backed Online Grocery Startup
The deal could intensify competition in India's online grocery retail market, a hot battleground for Amazon, Walmart and local startups.
Netflix to Double Spending on Original Content in Asia
Netflix is increasingly looking to Asia for its next 100 million users. However, it faces increasing competition from local players such as China's Tencent.
Chinese Online Pharmacy Backed by JD.com Raises $4 Billion in IPO
The stock market debut of the healthcare app was the second-largest Hong Kong IPO this year, showing Ant Group's failed IPO isn't discouraging investors.
China Lands on the Moon
The successful moon landing to retrieve lunar rock is a capstone marking the success of China's space program and growing technological prowess.
Hewlett Packard Enterprise, Tanium Move Headquarters Out of California
Hewlett Packard Enterprise and Tanium plan to relocate their headquarters to Houston and Kirkland, Wash., respectively, leaving the Bay Area.
Salesforce Revenue Jumps 20%, Benioff Enthuses Over Slack
Salesforce CEO Marc Benioff, who just announced the company's Slack acquisition--the largest in its history--is reviving the term "social enterprise."
Tesla’s Musk Urges Staff to Focus on Profit
The electric car maker's its vaulting share price implies much stronger profit than it has generated this year.
Salesforce to Acquire Slack in $27.7 Billion Deal
Salesforce said it will acquire Slack in a deal worth $27.7 billion, making it the biggest acquisition in Salesforce's history.
AWS Targets Apple’s Mac Developers, Data Center With New Services
AWS is aiming to expand its customer base from Linux and Windows developers with a new macOS cloud computing service.
Reddit Discloses Big User Uptick
The message board community says it has 52 million daily active users.
Former Tesla Factory Worker Has to Pay $400,000 to Company
Tesla had sued the worker for allegedly disclosing trade secrets by telling reporters about production delays facing the Tesla Model 3.
Libra Association Changes Name to Diem Association
The Libra Association, eager to signal its independence from founding member Facebook, has changed its name and hired a new team of executives.
Airbnb Sets Pricing Range at $28.2 Billion Valuation
Airbnb reveals that its three founders will each sell $30 million worth of stock in the offering.
SoftBank Invests in U.S. Logistics Startup Flock Freight
As SoftBank's earnings and share price have recovered, the Japanese company is stepping up its tech startup investments.
U.S. Sanctions Chinese Firm for Helping Venezuela Undermine Democracy
While the move is part of efforts by Trump to put more pressure China, it remains to be seen whether President-elect Biden will enact similar policies.
Indian Hotel Startup Oyo Has $1 Billion for Operations
The comments come after Oyo booked losses and laid off thousands amid the Covid-19 pandemic, which has drastically reduced demand for travel.
Zoom’s Sales Jump 367%, but Shares Plunge
After growing 355% last quarter, Zoom's sales reached new heights this quarter. But investors appear to be wary about its slowing growth this quarter.
ServiceNow Acquiring Startup Element AI for $500 Million
ServiceNow, which sells software for automating business functions, is adding AI research expertise to help it attract more business.
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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