Tencent Could be Fined for Anti-Money Laundering Violations
The Wall Street Journal said China’s central bank found breaches during an inspection of Tencent’s hugely popular WeChat payment platform.
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Meta Says It’s Against Rules to Post Calls to Assassinate Heads of State
The internal post sent by Meta’s President of Global Affairs Nick Clegg appeared aimed at users posting calls for the killing of Russian President Vladimir Putin.
Foxconn Stops iPhone Factory in Shenzhen Lockdown
The world’s biggest iPhone assembler has shut down two facilities in the port city and relocated production to factories in other parts of China.
Top China Banker Says U.S. and China Can Reach Deal on SEC Audits
U.S. and Chinese regulators could reach a deal that would avoid delisting Chinese companies whose shares are traded in the U.S., a senior banker said.
Mark Zuckerberg Will Talk Metaverse in SXSW Keynote
The interview comes as the parent of Facebook and Instagram navigates its response to the Russia-Ukraine war.
Peacock Close to Deal with MLB to Livestream Games
The move comes as Peacock is seeking to grow its subscriber base.
Russia to Ban Instagram
Russian prosecutors have also asked a court to designate Facebook and Instagram "extremist."
Sizing up Meta and Alphabet’s Revenue Hit From the Russia-Ukraine War
One analyst says Google’s business in Russia and Ukraine represents 2% to 3% of its revenue
Meta Allows Posts Calling For Violence Against Russian Invaders
The company says it has made temporary allowances "for forms of political expression that would normally violate our rules like violent speech."
WeWork Reports 7.8% Increase in Revenue for Q4
WeWork burned through $2.2 billion in cash in 2021 but it projects a much better year in 2022, which should reduce its cash burn.
Europe and U.K. Open Investigations into Google-Meta Ad Deal
The lawsuit alleges that as part of a program dubbed “Jedi Blue” that Google and Facebook's parent Meta Platforms worked together to fix ad prices.
China Tech Companies Named by SEC as Facing Risk of Delisting Over Audit
The SEC said that Yum China, biotech firms BeiGene, Zai Lab and HutchMed, as well as technology company ACM Research could be delisted if they failed to comply with audit requirements.
Didi Stops Preparation for Hong Kong Listing After Cybersecurity Plan Doesn’t Satisfy Beijing
Bankers have stopped work on a Didi Global listing in Hong Kong after the ride-hailing firm failed to get Beijing’s approval for its data security plan.
Rivian Warns Supply Chain Woes Will Hit Production
Rivian CEO RJ Scaringe declined to state the number of electric delivery vans that the company has delivered to Amazon thus far.
Stripe Begins Integrating Applications with Crypto Businesses
The payments giant is also partnering with FTX and FTX.US to give the crypto exchanges access to identity verification and fraud detection tools.
China Censors Online Posts Critical of Russian Invasion of Ukraine
The actions aren’t surprising given Beijing’s alliance with Moscow.
TikTok, Oracle Rekindle Talks Over Storing U.S. User Data
After extended talks in the fall of 2020, Oracle and TikTok are once again in talks about a deal to host data for users of the popular video-sharing site.
Sezzle to Lay Off 20% of its North American Workers
Sezzle, which was recently acquired by its buy now, pay later rival Zip, is downsizing its staff to get the company closer to profitability.
Chinese E-Commerce Firm JD.com’s Revenue Growth Slows
China's internet giants are grappling with the impact from the country's economic slowdown and weakening consumption.
Chinese EV Maker Nio’s Stock Starts Trading in Hong Kong
The Hong Kong secondary listing allows New York-listed Nio to hedge against delisting risks in the U.S.
Weekday mornings
The Information AM by The Information Staff
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