Chinese Bike Sharing Company Backed by Ant Group Files for IPO
Hello TransTech, formerly known as HelloBike, has filed confidential paperwork for an IPO in the U.S. and could seek to raise as much as $1 billion.
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SoftBank Expects $16 Billion Profit From Coupang IPO
SoftBank owns 35% of South Korea's Coupang, whose New York listing now seeks to raise more than $4 billion at a valuation of $58 billion.
LinkedIn Halts New Signups in China After Microsoft Disclosed Hack
LinkedIn, one of the few Western tech platforms still operating in China, said it paused signing up new members in China to make sure it complies with local laws.
Salesforce Reportedly Planning CEO Switch
Bret Taylor, the Salesforce COO who joined in 2016, is being groomed to replace Marc Benioff as CEO of the company, possibly this year.
Dropbox Acquires File-Sharing Startup DocSend for $165 Million
Dropbox, as part of its longstanding efforts to get companies to pay for its services, is adding new document-sharing features from one of its rivals.
BuzzFeed Lays Off HuffPost Staffers After Merger
The deal is part of BuzzFeed's push to remain profitable.
Biden to Nominate Tech Critic Lina Khan to FTC
The decision to name the prominent legal scholar to the regulatory role is the latest signal that the Biden administration plans a tough stance on antitrust matters.
French Startups and VCs Join European Fight Against Apple
The complaint focuses on whether Apple is complying with Europe's data privacy laws.
Group Nine SPAC Names Jeff Zucker to Board
The company has said it is looking for digital media companies to acquire and merge into Group Nine.
Facebook Tests Out Short-Video Sharing in India
The ability to share short videos fills a void left by TikTok, which was banned last year amid deteriorating relations between China and India.
Three U.S.-Listed Chinese EV Makers Plan Secondary Listings in Hong Kong
Their plans are part of a broader trend of U.S.-listed Chinese companies seeking secondary listings in Hong Kong, where Chinese tech stocks have surged in the past year.
Cisco Promotes Former Salesforce Exec to COO
Cisco Systems CEO Chuck Robbins, who has worked to increase diversity in the company's leadership ranks, is now continuing those efforts.
Amazon Acquires Stake in Cargo Airline
It’s the retail behemoth’s latest foray into the transportation space, and reflects Amazon’s aspirations to become a dominant force in shipping and logistics.
Discord Brought in $130 million in Revenue Last Year
It's almost triple what the company brought in in 2019, and it's almost entirely from subscription revenue.
Fallout From Microsoft Hack Widens
The White House urged more measure against the hack of Microsoft servers, which has been blamed on Chinese state-backed actors, as the damage appears to have impacted tens of thousands.
Alibaba Rival JD.com Said to Postpone Listing Digital Finance Unit After Failed Ant IPO
JD.com’s apparent decision to withdraw listing its financial affiliate in China’s stock market is fallout from the Chinese government’s killing the Ant Group mega IPO.
Drone Maker DJI Loses About One-Third of North America Staff
The once-dominant company has seen standing erode after U.S. government imposed sanctions on its ability to buy certain U.S. tech.
India Threatens Jail for Facebook, Twitter Employees
The warnings put the tech firms on a collision course with India that could end with their leaving India or compromising their commitment to human rights.
Huawei’s Telecom Gear Market Share Declines Outside China
While U.S. sanctions have limited Huawei's expansion outside China, the tech giant continues to dominate the growing domestic market.
Microsoft’s $10 Billion Pentagon Cloud Deal Facing Uncertain Future
The $10 billion, decade-long contract that the Department of Defense awarded to Microsoft in October 2019 may be scrapped due to legal complications.
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The Information AM by The Information Staff
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