Hong Kong Tycoon Li Ka-Shing Plans to Launch SPAC
The SPAC boom is spreading to Asia, where the richest tycoons and influential dealmakers are launching blank-check companies for U.S. listings.
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Recent Editions
ViacomCBS Debuts Paramount+
The question now is how the service will do in a very crowded market.
Camera App Dispo Valued at $200 Million
The startup co-founded by David Dobrik has raised $20 million in Series A funding
Didi Chuxing Seeks Possible European Expansion
The Chinese ride-sharing giant Didi Chuxing is plotting an expansion in Europe in the first half of this year.
Europe Sets Sights on Gig Worker Conditions
Europe's main antitrust enforcer is making the labor conditions of gig workers a new target in its regulatory push against global tech companies.
Sequoia, Stripe Founders Back Climate Software Startup Watershed
Watershed helps companies like Square and Sweetgreen zero their carbon emissions quickly.
Biden to Sign Executive Order Aimed at Fixing Chip Shortage
A shortage of chips has caused problems for a wide range of companies, including those in the car industry.
PE Firm Boyu Capital, Famous for Backing Ant and Alibaba, Targets $6 Billion for New Fund
Fundraising for the $6 billion new fund shows Boyu's optimism after a string of big returns from investments including Kuaishou, but could test investor appetite.
Snap Rallies After Predicting 50% Revenue Growth for Several Years
The comments, made during a virtual presentation to investors, sent Snap’s stock price up roughly 20% to a record high of $70.
Biden Administration to Sanction Russia Over SolarWinds Hack
Sanctions and other punishments will aim to show Russia that its longstanding campaign of cyberattacks won't be tolerated.
Sony Is Developing New VR System for PlayStation
Sony is developing a new virtual reality product for its latest console, the PlayStation 5.
Amazon Executive Jeff Blackburn Leaves Company Following Sabbatical
Jeff Blackburn, one of Amazon’s most senior and longest-tenured executives, is leaving the company following a sabbatical,
Lidar Maker Velodyne Ousts Founder and Wife for Inappropriate Behavior
Chairman David Hall and the company's head of marketing, his wife Marta Thoma Hall, were fired in a board meeting.
Facebook to Restore News Sharing in Australia
The move is a win for Facebook as the new amendments to a proposed Australian law give it more time to negotiate a commercial deal with local media outlets.
The RealReal’s Revenue Fell in Q4 and Losses Mount
Although losses continue to climb, the San Francisco-based luxury resale company is opening more stores.
Neumann, SoftBank Settlement Could Pave Way for WeWork SPAC
SoftBank would purchase $500 million of WeWork shares from Neumann, about half of the two sides' 2019 agreement.
Google, Apple App Store Bill Advanced by Arizona Legislature
State legislatures continue pressuring Big Tech.
Discovery Profit Falls by Half
The only source of revenue growth for Discovery came from raising the fees the company charges cable and satellite operators to carry its TV networks.
China’s Banking Regulator Issues New Restrictions on Internet Loans
The new restrictions for banks come as Beijing is stepping up its scrutiny of Ant Group and other online lending platforms.
Amazon Wins Court Battle to Halt Deal Between India Partner, Reliance
The ruling is a legal win for Amazon, which is battling competitors such as Walmart and Reliance Industries in India’s e-commerce market.
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