Senate Passes $250 Billion Bipartisan Bill to Counter China Tech Threat
The bill would boost government funding for technology research and development, including in key areas such as semiconductors.
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Online Grocery Apps Dingdong Maicai and Missfresh File for U.S. IPOs
Sequoia Capital China-backed Dingdong Maicai and Tencent-backed Missfresh have filed to list in the U.S. as China’s tech giants fight for a piece of the large domestic market.
Ohio AG Sues to Regulate Google as a Public Utility
U.S. Supreme Court order from Justice Clarence Thomas recently advocated for public utility regulation of large internet platforms.
Fastly Glitch Takes Down Major U.S., European Websites
An as-yet unexplained issue at Fastly, a content delivery network company, rendered many popular websites inaccessible for about an hour.
Nubank Valued at $30 Billion
Berkshire Hathaway has invested $500 million in the Brazilian fintech startup.
Tesla’s China Car Deliveries Jump in May After Factory Goes Back Online
Tesla's May deliveries, which are based on orders over the previous months, don't reflect a decline in May orders that The Information has reported.
Congressional Commission Calls on Apple to Take Steps to End Forced Labor Use by Suppliers
The commission cited a report last month in The Information, among other media outlets, for its statement.
Tesla Veteran and Head of Trucking Departs
Jerome Guillen, who is credited with helping steer Tesla past a rough patch in 2017, has left just three months after being appointed to head its heavy trucking unit.
Apple’s New Encrypted Web Browsing Feature Won’t Be Available in China
The move is likely due to China’s cybersecurity laws, which require authorities to be able to trace user internet activity and forbids it from being encrypted.
Alibaba Cloud to Set Aside $1 Billion for Asia’s Startups, Developers
The move is part of Alibaba Cloud's effort to expand its operations outside China, especially in Southeast Asia.
Chinese Lidar Maker Hesai Raises $300 Million From Hillhouse, Xiaomi
The fundraising comes as China's autonomous driving technology companies have been expanding their robotaxi pilot programs in the country.
Stitch Fix Revenue Surges 44% as Pandemic Lull Subsides
Online retailer Stitch Fix said its revenue jumped 44% as the company emerged from a pandemic lull in apparel shopping.
Samsung, NBCU Reach Deal on Peacock
The deal comes after months of negotiations over terms for Samsung to carry NBCU's Peacock streaming service.
Bezos to Fly on Space Flight July 20
The Amazon chief will travel with his brother on Blue Origin's first flight with passengers.
Google Agrees to $270 million Fine in French Antitrust Settlement
Google has made several commitments in order to settle the case, one of many antitrust challenges it faces globally.
Walmart’s India Unit Flipkart Seeks $40 Billion Valuation in $3 Billion Fundraising
Flipkart's previous plans to go public as soon as this year have been delayed by India's struggles to contain Covid-19.
Chinese Startup Under Investigation After Post on Tiananmen Anniversary
The social media account of Xiaohongshu was shut down after a post June 4 said ““Tell me loudly, what is the date today?”
Katerra Files for Chapter 11 Bankruptcy
It was the first time Katerra publicly acknowledged its potential shutdown, which The Information first reported last Monday.
Reid Hoffman’s SPAC Nears Deal with Aurora, a Self-Driving Truck Developer
Aurora needs more money after absorbing Uber's self-driving car unit.
Bill Ackman Proposes One-of-a-Kind SPAC Deal With Universal Music Group
The deal, which gives UMG an enterprise value of $43 billion, is structured as a stock purchase rather than a traditional blank-check merger.
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