KKR Leads $150 Million Investment Into Online Learning Startup Huohua Siwei
Online learning has boomed in China post-Covid 19 lockdowns with investors chasing deals.
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The Information AM
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Recent Editions
TikTok CEO Kevin Mayer Resigns
His resignation comes as TikTok owner ByteDance is in talks to sell the app's U.S. operations under intense pressure from the Trump administration.
Half of Surveyed Social Media Influencers Have Tried Instagram Reels
In the next three months, 67% said they planned to use Reels more than TikTok.
Salesforce Confirms Layoffs After Record Quarter
A day after revealing that its quarterly sales passed $5 billion for the first time, Salesforce says it is cutting some jobs and reassigning some employees.
Facebook Says Apple Changes Could Kill Part of Its Ads Business
Apple’s clamping down apps tracking users will hurt Facebook's ability to target ads, and could have ‘disastrous’ implications for certain advertisers.
How Microsoft’s Talks With TikTok Edged Toward Larger Deal
The software giant initially expressed interest in a small stake in the video-sharing app, but envisioned a bigger deal as talks progressed and political pressure grew.
Chinese Private Rocket Startup iSpace Raises $172 Million
China's private space program has been racing ahead with more than 100 startups founded since the government opened up the sector in 2014.
U.S. Alleges Chinese Diplomats Helped Scholars Hide Ties to Military
The military-affiliated researchers are only a small minority of the 370,000 Chinese studying in the U.S.
Facebook Cooperates With UN Investigation of Myanmar Crimes
The company has faced criticism for how its social media platform helped spread hate speech directed against minority Rohingya who were forced to flee the country.
Palantir Goes on Defensive in S-1
Many of Palantir’s financial metrics leaked last week, making the most revealing part of its S-1 filing CEO Alexander Karp’s railing against digital advertising-dependent tech firms.
Salesforce Shares Rise on Strong Pandemic Performance
Salesforce Chairman and CEO Marc Benioff didn't say whether a digital Dreamforce will happen this year, but said the company's sales engine remains healthy.
Roomba Maker iRobot Shifts Focus to Software
After nearly two decades of developing the Roomba home cleaning robot, iRobot is now focusing on building new software features for the device.
Best Buys Warns of Cooler Growth After Sales Surge
Best Buy’s online sales more than tripled in the three months ended Aug. 1, boosted by demand from back-to-school shoppers and at-home workers.
Google Names New General Counsel at ‘Critical Moment’
Halimah DeLaine Prado, a 14-year Google veteran, becomes one of the highest-ranking Black executives at Google.
China’s Ant Group Files for IPO in Hong Kong and Shanghai
The listing of the Chinese fintech giant affiliated with Alibaba is expected to be one of the world's biggest ever IPOs.
Chinese Ride-Hailing Giant Didi Chuxing Expands Into Russia
International operations are important to Didi, given the challenges it faces in the Chinese market where tighter regulations have limited its growth.
Judge Rules for Apple on Fortnite Ban, Against It on Unreal Engine
A federal judge denied a request by Epic Games for an order that would have forced Apple to allow Fortnite, a popular Epic videogame, back into the App Store.
Republicans Open Convention With Attack on Big Tech
The Republican convention opened up with a scathing attack Silicon Valley's efforts to moderate social media content.
Sequoia, General Atlantic Eyeing Oracle’s Bid for TikTok
With support from two of the largest investors in TikTok parent ByteDance, Oracle would presumably have a much better chance of beating out Microsoft.
Asana Files to Go Public Through Direct Listing
Asana is making progress in converting free users to paid ones, but like many software companies, its salespeople are grounded due to Covid-19.
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