China Seeks to Reassure Wall Street on Tech Crackdown
After Chinese stocks lost $1 trillion in value, top Chinese regulators told American investors that the government didn’t mean to stifle technology companies or the harm private sector.
Weekday mornings
The Information AM
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
Recent Editions
GitLab’s Annualized Sales Top $215 Million in IPO Filing
GitLab, the main competitor to Microsoft's GitHub, revealed strong sales growth and a narrowing net loss in its IPO filing.
Instagram Head Criticized Over Comparison Between Social Media and Cars
The comments came after a Wall Street Journal article revealed that Facebook was aware Instagram negatively impacted teenagers' mental health.
ISS Recommends Against Zoom Video’s Five9 Offer
ISS' recommendation could jeopardize Zoom's hopes of completing the acquisition, whcih was aimed at diversifying Zoom's business
JPMorgan’s UK Entry Could Spark More Fintech Dealmaking
JPMorgan’s arrival could also kick-off more deal-making in the crowded fintech sector based in London
WarnerMedia Offers 50% Discount on HBO Max
The pricing promotion comes fresh off HBO Max coming off of Amazon Channels.
Google and Apple Remove Russian Opposition-Linked App Ahead Of Elections
The tech firms were pressured by Russia but now are being assailed by Russian opposition activists.
SoftBank Sells $1.69 Billion of Coupang Shares
SoftBank's latest asset sale comes after Coupang's New York-listed stock has declined sharply over the past few months.
Murdoch Revives Plans for Fox News-Like UK Channel
Murdoch had put the project on ice a few months ago when a rival effort backed by Discovery launched.
Chinese Smartphone Giant Oppo Cuts Jobs After Merger With OnePlus
Oppo, which competes with Apple and Samsung, is trying to streamline its operations after expanding its workforce rapidly in recent years.
China Slows Videogame Approvals After Imposing New Limits on Minors
The policy change is likely to slow down game approvals in the world’s largest videogame market and impact Chinese videogame giants such as Tencent and Netease.
Didi Sees Steep Decline in Users
Aurora Mobile data showed that the number of daily users fell to about 11 million from nearly 16 million in June as competitors sought to take advantage of a government probe into Didi.
FTC Continues Maneuvering For Merger Crackdown
The agency rescinded 2020 guidelines for reviewing deals between companies that don’t directly compete.
Former AWS Exec Tapped to Lead New Microsoft Engineering Unit
Charlie Bell, the AWS veteran who jumped to Microsoft last month, will lead a newly formed engineering group focused on cybersecurity and other challenges.
UK Bank Monzo to Introduce Buy Now, Pay Later Product
Monzo had tested charging a 19% interest rate for loans of more than three months, although it's unclear whether it will keep that feature in the final product.
Goldman Sachs Acquires Buy-Now-Pay-Later Firm GreenSky For $2.2 Billion
Goldman's purchase is another sign that banks are looking to make bold bets on the future of buy-now-pay-later loan products after the success of Affirm, Klarna and Afterpay.
Emergency Response Startup Builds Cloud Data Exchange on AWS
RapidSOS cloud tool on AWS GovCloud aims to help 911 operators and safety agencies exchange major event data faster
TikTok Faces Two New Data Privacy Probes in Europe
The European Union is looking into TikTok’s handling of child data and transferring data to China.
Chinese Food Delivery Giants Won’t Force Workers to Register as Firms
The statements come amid global scrutiny of gig economy workers, with their status as non-employees without benefits being challenged by local governments.
Match CFO: App Store Ruling Can Cause ‘Substantial’ Shift in Profits to Developers
The maker of dating apps is preparing to offer its iPhone users the option of paying for subscriptions outside of the apps so it can avoid Apple's 30% fee.
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