Alibaba Affiliate Ant Group Starts IPO Process in Hong Kong and Shanghai
Bankers are expecting it to be one of the world's biggest IPOs ever, valuing the company at more than $200 billion.
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Chinese Electric Car Maker Xpeng Motors Raises $500 Million
Investors are betting on Xpeng after Tesla's stock price has quadrupled in the past four months.
EBay Close to Selling Classified Ads Business to Adevinta
The deal could value the ads business at $8 billion, as eBay pares back to focus on its core online auction business.
TikTok Stops Talks for London HQ Because of Rising Tension Between China and U.K.
After getting banned in India and facing a possible ban in the U.S., TikTok now has challenges in the U.K. because of rising tensions with China.
Amazon Settles Non-Compete Lawsuit With Ex-Cloud VP
Brian Hall, a former VP of product marketing at Amazon Web Services, has been cleared to join Google Cloud.
FTC Considering Depositions of Top Facebook Executives
One year into its antitrust investigation of Facebook, the FTC is now signaling that it might not be able to wrap up the probe until after the election.
Twitter Says Hackers Targeted 130 Accounts, Only Accessed Some
In its latest update on Wednesday's attack, Twitter says hackers were only able to gain access to a small subset of accounts.
Amazon Warns U.K. Sellers About Big Brexit Changes
Amazon has warned independent sellers on its marketplace in the U.K. that they will need to make big changes to keep serving customers in Europe due to Brexit.
Prominent Antitrust Critic of Google, Facebook Consults for Apple and Amazon
A Yale economist’s work for both Apple and Amazon as she criticizes Facebook and Google highlights the scramble for antitrust consultants in Washington.
SoftBank Sells an Additional $2.2 Billion of Alibaba Shares
The lates sale brings the total of Alibaba stock sold by SoftBank this year to $13.7 billion.
White House Considers Banning U.S. Companies From Providing Tech to TikTok
The future of the world's most popular Chinese tech company hangs in the balance as the U.S. mulls a ban.
White House Adviser Predicts TikTok Will Become U.S. Company
A top White House adviser is predicting that TikTok will be spun off and become a U.S.-based company to satisfy concerns over its ties to China.
Venture Firm CRV Announces $600 Million Fund, Raised Entirely Over Zoom
The firm's partners used Zoom to raise the capital from limited partners.
Netflix Elevates Sarandos to Co-CEO Role Amid Strong Quarterly Results
Chief Content Officer Ted Sarandos steps in to co-CEO title alongside Reed Hastings
Twitter: Attack Stemmed From Hackers Targeting Specific Employees
The explanation suggests that yesterday's attack doesn't stem from a systemic flaw in the Twitter service.
Barr Blasts Tech and Entertainment Industries Over Ties to China
Barr warns tech and entertainment industry executives that they could face legal consequences for promoting policies supported by China.
Facebook Ties Executive Reviews to Diversity Improvements
Facebook said it started the practice in the second half of 2019 and that it only involves VPs whose organizations are of a certain size.
Instacart Sues Uber’s Cornershop Grocery Unit for Allegedly Stealing Images
Not an ideal start for Uber's grocery initiative in the U.S.
Airbnb ‘Resuming Work’ to Go Public, CEO Says
The comment is noteworthy because it was almost unthinkable a few months ago that the company could go public as revenues nosedived.
Alexa, Siri and Smart Systems Become New Target for EU Regulators
European antitrust regulators announced a sweeping inquiry into voice assistants and other online technologies that make up the so-called internet of things.
Weekday mornings
The Information AM by The Information Staff
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