China Tech Stocks Rebound After Record Rout
Shares in Alibaba and Tencent were among the best performers as investors saw a bargain despite overhanging geopolitical and regulatory issues.
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Mark Zuckerberg’s SXSW Metaverse Talk Includes an Update on Instagram NFT Plans
The Meta Platforms CEO also gave a brief statement on the war in Ukraine.
ConsenSys Raises Funding at $7 Billion, Doubling Valuation Since November
The $450 million raise comes as MetaMask, the company’s popular crypto wallet, reached 30 million monthly users.
AWS Gets Cozier With Database Firm MongoDB
MongoDB changed its software licensing to prevent AWS from developing a cloud service based on its free open source software, but now the companies are allies.
Arm to Lay Off up to 1,000 After Nvidia Deal’s Collapse
After a SoftBank-backed spending spree, CEO Rene Haas seeks to streamline the company ahead of an IPO
Intel to Build 17 Billion Euro ‘Silicon Junction’ in Germany
CEO Pat Gelsinger wants to cash in on government subsidies while the chip shortage keeps factories in political focus.
China Tech Stocks Continue to Slide as JPMorgan Says Some Are “Uninvestable”
The Nasdaq Golden Dragon China Index, which tracks American depository receipts of Chinese companies, has fallen 75% from its peak.
GoTo Plans Indonesia IPO Valuing Ride Hailing and E-Commerce Firm at $29 Billion
The firm, formed by the merger of Gojek and Tokopedia, aims to raise as much as $1.26 billion from a domestic stock listing.
Foxconn in Talks to Build $9 Billion Factory in Saudi Arabia
The Apple supplier is looking at building a factory that would make microchips and parts for electric vehicles.
Microsoft Researchers Mark Milestone In Long Road To Quantum Computing
The company proved the physics behind the types of qubits it plans to use to build a scalable quantum computer
Discovery to Combine Streaming Services
Warner Bros Discovery hopes to combine Discovery+ with HBO Max within several months of closing the merger.
Tencent Could be Fined for Anti-Money Laundering Violations
The Wall Street Journal said China’s central bank found breaches during an inspection of Tencent’s hugely popular WeChat payment platform.
Meta Says It’s Against Rules to Post Calls to Assassinate Heads of State
The internal post sent by Meta’s President of Global Affairs Nick Clegg appeared aimed at users posting calls for the killing of Russian President Vladimir Putin.
Foxconn Stops iPhone Factory in Shenzhen Lockdown
The world’s biggest iPhone assembler has shut down two facilities in the port city and relocated production to factories in other parts of China.
Top China Banker Says U.S. and China Can Reach Deal on SEC Audits
U.S. and Chinese regulators could reach a deal that would avoid delisting Chinese companies whose shares are traded in the U.S., a senior banker said.
Mark Zuckerberg Will Talk Metaverse in SXSW Keynote
The interview comes as the parent of Facebook and Instagram navigates its response to the Russia-Ukraine war.
Peacock Close to Deal with MLB to Livestream Games
The move comes as Peacock is seeking to grow its subscriber base.
Russia to Ban Instagram
Russian prosecutors have also asked a court to designate Facebook and Instagram "extremist."
Sizing up Meta and Alphabet’s Revenue Hit From the Russia-Ukraine War
One analyst says Google’s business in Russia and Ukraine represents 2% to 3% of its revenue
Meta Allows Posts Calling For Violence Against Russian Invaders
The company says it has made temporary allowances "for forms of political expression that would normally violate our rules like violent speech."
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