Pinduoduo Raises $1.1 Billion in Private Share Sale
The successful fundraise signals that some investors are still confident in China's consumer spending despite the economic downturn in the rest of the world.
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Recent Editions
Big Asian Firms Are Selling Some of Their Venture Capital Investments
Venture capital investments from corporations helped boost valuations for startups in Asia. Their retreat could spell lower prices.
Airbnb Offers Hosts $260 Million to Help Offset Cancelled Stays
It's an expensive proposition, equivalent to about 5% of Airbnb's revenue last year.
Microsoft Launching Cloud-Based Office Apps for Consumers
Microsoft is aiming to create another lucrative subscription revenue stream, this time by building a productivity apps suite for consumers and families.
Gannett, Vice Announce Furloughs, Pay Cuts
As advertisers slash their budgets, Vice and Gannett become latest media companies to cut pay, announce furloughs.
Snap Is Well Positioned to Weather Downturn, Spiegel Says
Spiegel told employees that Snap had a more diverse advertiser base than Twitter.
Bob Iger Gives Up 2020 Salary to Help Disney Cut Costs
Other Disney executives, including new CEO Bob Chapek, also are taking significant pay cuts.
Chinese Food Delivery App Meituan Says Worst Isn’t Over
The warning by China's third-most valuable publicly traded tech company reveals that the pain from Covid-19 will be widespread and lingering.
Startup Groups Urge Trump Administration for Rule Fix
Groups representing startups are urging the the Trump administration to include them in the emergency coronavirus relief loan program passed last week.
U.S. Podcast Listening Drops as People Stay at Home
As people aren't commuting, they are listening to podcasts less. That could mean bad news for Spotify, which has made a big bet on the sector.
Facebook Pledges $100 Million to Local News Organizations
Local news organizations are getting hit as advertisers pull back their budgets in the wake of the coronavirus pandemic.
Amazon Warehouse, Whole Foods Workers, Plan Strikes
Vulnerable workers at food delivery, ride hailing and ecommerce companies have gone on strike demanding better protections amid the Covid-19 viral pandemic.
Governments Use Location Data Drawn From Cellphones to Fight Pandemic
Governments are using data from mobile advertising industry, rather than cellphone carriers, to better understand the movements of people.
Google Pledges More Than $800 Million to Virus Relief
A major portion of the commitment will come in Google Ad grants and credits to health organizations and small-and-medium-sized businesses.
WeWork Competitor Knotel Lays Off, Furloughs Half of Staff
Most of the company's leasing deals have fallen apart already this quarter and many of its tenants are asking for breaks on rent for the coming months.
Scooter Rental Startup Bird Lays Off 30% of Workforce
Bird's layoffs follows a suspension in the scooter startup's operations in response to the Covid-19 pandemic.
Slack Working on Integration With Microsoft Teams
The companies are bitter rivals in workplace collaboration software but see common interest in building ties between their respective products.
Apple Releases Covid-19 Screening Tool
The website and app leads users through a series of questions to determine whether or not they should be tested for the virus.
Hollywood-Backed Streaming Service Hooq Files for Liquidation
The company failed to make inroads in Southeast Asian Market
Instacart Workers Plan Strike Amid Pandemic
Instacart shoppers plan to strike nationwide Monday to take a stand against the app’s response to the coronavirus pandemic.
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