Chinese Discount Shopping App Pinduoduo’s Revenue Beats Estimates
Strong demand for Pinduoduo suggests that China's consumers are becoming even more price conscious amid a looming economic crisis.
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China Shuts World’s Largest Wholesale Electronics Market to Stem Covid
Authorities have closed Huaqiangbei, a sprawling market selling everything from microchips to components for headphones, until Sept. 2, heralding more trouble for global supply chains.
Chinese Chip Maker SMIC to Spend $7.5 Billion on New Factory
The move comes as the U.S. and China are both ramping up their efforts to beef up their domestic semiconductor industries.
Meta Settles Cambridge Analytica Lawsuit From Users
Meta still has to contend with a lawsuit from the Washington, D.C., Attorney General's Office.
SpaceX and T-Mobile Partner on Global Cell Service
The plan to end "dead zones" is set to launch in beta in late 2023.
Chinese Food Delivery Giant Meituan’s Revenue Growth Beats Forecasts
Amid China's economic slowdown, Meituan is showing more resilience than other tech giants such as Alibaba and Tencent.
China and U.S. Close to Deal Allowing SEC Inspection of NY-Listed Chinese Firms
Under the deal being discussed which would end a years-long impasse, U.S. SEC staff would fly to Hong Kong to inspect the audit working papers of Chinese companies.
IRobot Discloses Saga Behind Amazon Acquisition
The $1.7 billion bid Amazon announced last month to buy iRobot, the company behind the Roomba vacuum, was not Amazon's first attempt to acquire the company.
Delaware Judge Rejects Musk’s Twitter Data Request as ‘Absurdly Broad'
The decision is a victory for Twitter in the latest skirmish ahead of the October trial of Twitter's lawsuit against Musk.
Peloton Sales Drop, CEO Hints at New Premium Content Strategy
The fitness equipment seller's CEO said on a Thursday earnings call that Peloton will pursue a premium content strategy in lieu of banking on hardware for future sales growth.
Singapore’s Grab Says Revenue Grows 79% in Second Quarter
The ride hailing and delivery app saw strong demand for its delivery services despite bruising competition from regional rival GoTo.
Amazon Care to Shut Down
Amazon will pull the plug on its primary health care service, Amazon Care, at the end of the year
Amazon Closing Five Massachusetts Delivery Stations
One of the facilities was the subject of a recent investigation by The Information, which focused on the conflict caused by a major uptick in Amazon delivery truck traffic.
Peloton Selling Bikes on Amazon in Bid to Revive Growth
The bike seller joins a group of direct-to-consumer brands that are selling their goods at third party retailers to get new customers and cut costs.
Gamemaker Akili Interactive Goes Public with SPAC Backed by Chamath Palihapitiya
As investors look to pull their money from SPACs, more than 99% redeemed their shares as part of the deal
Julian Robertson, Founder of Tiger Management, Dies at 90
Robertson founded the hedge fund Tiger Management in 1980 with $8.8 million.
DataRobot Lays Off 26% of Staff in Cost-Cutting Move
This is DataRobot's second round of job cuts this year and comes a month after former CEO Dan Wright resigned amid internal turmoil over his and other executives' stock sales.
Former Twitter Exec Alleges Reckless Security Policies
An explosive whistleblower complaint from a former Twitter executive over alleged major security issues comes amid the social network's legal battle with Elon Musk.
Apple to Manufacture iPhone 14 in India as Gap Closes with China
The newest iPhones will start production in India about two months after they start in China as the gap between the manufacturing capability of the two countries narrows.
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