The bloody wars in the global ride-hailing and food-delivery businesses, which have unnerved investors in the U.S. so much this year, will open on a new front in 2020. 

Didi Chuxing is expanding its ride-hailing and food-delivery businesses in Latin America, ramping up the competitive threat for Uber in the region. Didi’s international expansion comes as the Chinese ride-hailing ...

In Burlingame, California, a small city about 15 miles north of Facebook’s Silicon Valley headquarters, a monument to the social media giant’s future ambitions is taking shape. Construction is underway on a 770,000-square-foot new campus, with the capacity for about 4,000 employees, that will be devoted entirely to a burgeoning Facebook group making new hardware. 

Undeterred by ...

The clock is ticking for Google Cloud.

The Google unit, which sells computing services to big companies, is under pressure from top management to pass Amazon or Microsoft—currently first and second, respectively, in cloud market share—or risk losing funding. While the company has invested heavily in the business since last year, Google wants its cloud group to outrank those of one ...

For most of Alexa’s five years in existence, Amazon has focused on making its voice assistant as ubiquitous as possible, putting it in everything from microwaves to wearable rings to its growing family of Echo devices. Now Amazon has a new focus for Alexa: making money from it. 

The company is exploring how it can profit from premium content on Alexa, such as video, music, and news, ...

Two former Snap executives have raised a first round of funding for a new startup building what they describe as a TurboTax for privacy. 

TerraTrue, created by former Snap chief security officer Jad Boutros and former general counsel Chris Handman, recently closed a $4.5 million round of seed funding led by Anthos Capital—a venture firm that is also run by another former Snap ...

Tencent is nearing a deal to invest another $2 billion in Kuaishou, creator of a popular short-video app by the same name that’s gained an especially strong following in China’s smaller cities and countryside, say people familiar with the matter. The investment is designed to counter the rise of ByteDance’s group of apps, including Douyin and its overseas counterpart, TikTok. ...

Uber is in advanced negotiations to acquire the team behind a small Silicon Valley-based startup, Foresight, that develops simulation software to help test self-driving car prototypes, said a person who has worked at Uber and has direct knowledge of the pending deal. 

The small deal, if completed, would aid Uber’s robo-taxi development efforts. Uber has its own simulation software ...

DoorDash, an on-demand food delivery firm most recently valued at $12 billion which plans to go public next year, expects to lose $450 million this year—but it is faring better than its main rivals, such as Uber Eats.

The financial picture—including projections that DoorDash’s net revenue will be between $900 million and about $1 billion this year—are likely to be ...

At Airbnb’s board meeting two weeks ago, one topic took center stage: how to contain accelerating costs. It is a question that until relatively recently received scant attention inside Silicon Valley’s big-name startups. But a string of rejections by the public markets of some of the tech industry’s superstars has prompted companies once primarily concerned with rapid growth ...

Airbnb lost about $100 million before interest and taxes in the second quarter this year, a big swing from the profit of $10 million it made in the year-earlier period, according to financial information viewed by The Information. The loss, driven by higher marketing and administrative expenses, is the latest sign that Airbnb is investing heavily in growth ahead of its planned public market ...

Union Square Ventures earned its reputation as a top venture fund by making early bets on Twitter, Zynga and Tumblr. And in recent years, the firm has maintained its performance, remaining one of the top performing venture firms in the industry, internal data show.

Three USV funds raised in 2012, 2014 and 2016 showed net internal rates of return of 32%, 21% and 32% through June 30 of last year, ...

Cisco Systems is shaking up the leadership of its networking and cloud computing businesses as it seeks to better compete against rivals chipping away at its dominance, The Information has learned. 

The tech giant is combining its enterprise and data center networking units—which make equipment that helps companies shuttle data over the internet and between computers inside data ...

Airbnb is looking to hire an experienced entertainment executive to oversee its video programming efforts as it seeks to diversify into making TV shows, according to two people familiar with the situation. The talent search signals that the travel company is committed to expanding into entertainment.

Airbnb has approached a wide range of people in the TV industry about the job, including ...

Andy Boyd, a top executive at Fidelity who oversaw billions of dollars in investments into some of the largest companies in Silicon Valley, is leaving the mutual fund company at the end of the year.  

Boyd, a 15-year veteran of Fidelity who has been head of the global equity capital markets group since 2013, made his name at the mutual fund giant leading investments in high-profile ...

This week, Google confirmed that it will soon offer checking accounts to its users. But one of the company’s biggest rivals—Amazon—doesn’t appear to be joining it with a similar product anytime soon. 

After exploring a partnership with banks early last year to offer an Amazon-branded checking account, Amazon quietly scrapped those plans in their early stages, ...