Chinese Regulators Might Force Ant to Sell Some Investments
The move would shrink Ant’s size and likely reduce the value of its initial public offering, which was cancelled in early November.
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SoftBank Bailout Helps Construction Startup Katerra Avoid Bankruptcy
The investment will dilute the stakes of other investors, which include DFJ, Greenoaks Capital, Khosla Ventures and Foxconn.
France Resumes Digital Services Tax Collection
France has reinstated a digital services tax targeting U.S.-based big tech companies. The U.S. is set to retaliate with $1.3 billion in tariffs.
Amazon Announces Deal to Acquire Wondery
It's Amazon's first big acquisition in podcast and signals an attempt to become a big player in the growing space.
China’s Meituan Sued for Excluding Alipay From App
The lawsuit, filed by a private Chinese citizen against Meituan, foreshadows a wider crackdown to come on Chinese tech companies.
Tesla Inks Five-Year Deal With New Chinese Lithium Supplier
The deal comes as Tesla seeks to make more of its car components in China to reduce the cost of selling vehicles there.
Senate Leader McConnell Ties Stimulus Checks to Section 230 Repeal
Silicon Valley is caught in the middle as the Republican leader plays politics with Covid-19 relief payments.
Coinbase Underpaid Women and Black Employees
Figures obtained by the Times show discrepancies in pay among workers in comparable jobs.
OpenAI Research VP, Colleagues Depart for New Project
Originally founded as a non-profit, OpenAI has been increasingly focused on generating revenue from its research and development efforts.
Activist Investor Calls for Sweeping Changes at Intel
Activist hedge fund Third Point wants Intel to separate its chip design and manufacturing functions, among other major changes.
Apple Supplier in China Accused of Using Forced Labor
A human-rights group says a longtime Apple manufacturing partner relied on forced Muslim labor in its factories.
U.S. Bolsters Rules Banning Investment in Some Chinese Firms
The move is part of President Trump’s tough policy on China, which has been a focus of his administration for the past four years.
Ant Considers Moving Financial Services to Holding Company
The move could allow Ant to continue operating financial services despite a crackdown from Chinese regulators
VMware Sues Former Executive Who Took Nutanix CEO Job
Rajiv Ramaswami, a former product executive at VMware, allegedly interviewed for the CEO role at Nutanix without informing VMware leadership.
Two Years After SAP Acquisition, Qualtrics Files Again for IPO
Two years after SAP acquired it for $8 billion shortly before its planned IPO, Qualtrics is once again planning to go public.
FuboTV Shares Plunge 15%
FuboTV faces skepticism from some quarters on Wall Street and the looming expiration of lockup restrictions
Wonder Woman Sequel Has Solid Pandemic Box Office Haul
The movie made $16 million in its opening weekend across the US and Canada.
Chinese Education Startup Zuoyebang Raises $1.6 Billion
Zuoyebang’s latest fundraising highlights how the online education market is one of the hottest sectors for investment in China.
China Moves Closer to Digital Currency Rollout
Beijing hopes to encourage the use of their digital currency as an alternative to the digital payment services offered by Alibaba and Tencent.
China Cracks Down Further on Ant, Alibaba Shares Slide
Beijing's escalating crackdown on Ant, whose $37 billion IPO was suspended by regulators last month, could deal a severe blow to the fintech giant's future prospects.
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