ByteDance Rival Kuaishou Gets Approval to Raise as Much as $6 Billion in Hong Kong IPO
The listing offers a preview of investor appetite for the eventually listing of its larger rival, ByteDance, owner of TikTok.
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Recent Editions
Chinese Smartphone Xiaomi Unexpectedly Added to U.S. Blacklist
U.S. investors must divest from Xiaomi, which has overtaken Apple in global smartphone sales, by November.
Playtika Prices IPO at $27
The mobile games publisher raised about $1.9 billion in its offering.
Cisco Strikes New $4.5 Billion Deal With Networking Firm Acacia
After Cisco's earlier $2.6 billion acquisition bid fell apart last week, the networking giant upped its offer significantly.
Samsung Unveils New 5G Smartphones at CES
The company’s new generation of Galaxy smartphones are designed to compete with Apple’s iPhone 12.
Poshmark Stock Climbs 142% Above IPO Price
Poshmark finished its first day of trading at $101.50, implying a market capitalization of $7.4 billion.
Google Says It Has Completed FitBit Acquisition
The deal had been held up in antitrust reviews for over a year.
PayPal Becomes First Foreign Company to Wholly Own Payments Platform in China
Beijing's loosening restrictions on foreign ownership comes too late given the dominance of China’s two largest payment platforms, Alipay and WeChat Pay.
U.S. Regulators Ask Tesla to Recall 10% of Its Cars Over Safety Concerns
The National Highway Traffic Safety Administration asked for the voluntary recall of 158,000 vehicles—around 10% of the total number of vehicles Tesla has ever produced.
Connecticut Investigating Amazon’s Ebooks Business
Connecticut has launched a probe into whether Amazon violated competition laws through its relationships with publishers in the ebooks business.
Snapchat Joins Twitter in Permanently Banning Trump
The move follows Twitter’s decision to also permanently ban Trump last week, and Facebook’s decision to ban his ability to post indefinitely.
Poshmark Is Said to Price IPO at $42
The secondhand clothing marketplace will raise about $277 million in its offering.
At CES, Microsoft’s Brad Smith Urges Tech Firms to Collaborate on Cybersecurity
To prevent future threats, companies need to proactively share data, the tech executive said.
U.S. Won’t Impose Investment Ban on Alibaba, Tencent and Baidu
In the final week of his presidential term, President Trump backs off a proposal to ban U.S. investment in some of China's most highly valued companies.
Sequoia’s Doug Leone Says He No Longer Supports Trump
The longtime managing partner at Sequoia Capital has publicly condemned the attack on the U.S. Capitol.
Alphabet Backs Webflow at $2.1 Billion Valuation
Website-design software maker Webflow has raised a $140 million Series B.
Affirm Stock Opens 86% Above IPO Price
Affirm opened at $90.90, adding fuel to the debate over IPO underpricing.
Icon Health and Fitness Hires CFO
The company’s appointment of Steven Barr is a sign the company is looking to go public this year.
Dropbox Lays Off 11% of Global Staff, COO Departs
Despite upgrading its core file-sharing service and branching out into new areas of remote work such as digital signatures, Dropbox is still struggling.
Airbnb Pulls D.C. Reservations for Inauguration Week
The move goes farther than Airbnb's previous efforts to assure lawmakers and the media that the homes on its site wouldn't harbor right-wing extremists.
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