Reddit Plots 2022 IPO
The $10 billion social news site plans to hire investment banks and lawyers in the run-up to its highly-anticipated initial public offering.
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Tesla Temporarily Halted Some Production in China Due to Chip Shortage
The global chip shortage has impacted Tesla, too, in one of its most important markets where it halted some output for four days, Bloomberg reported.
ByteDance to Scale Back Fintech Services
Amid tightening oversight of online financial services, ByteDance said it would reduce fintech services and sell its brokerages, which are based in Hong Kong and mainland China.
China’s Regulators Urge 11 Ride Hailing Firms Including Didi to Follow Rules
The transport ministry said it had met with representatives from the ride hailing firms Wednesday to highlight concerns on the use of unqualified drivers and unruly promotions.
Apple Allows App Developers to Link to Outside Payment Methods
The move makes it easier for consumers to bypass Apple’s in-app purchase system and buy subscriptions directly from app developers.
Alibaba, Oracle See Big Gains in Latest Gartner Cloud Ranking
Alibaba Cloud jumped into third place behind Amazon and Microsoft in Gartner's latest cloud provider rankings, while Google Cloud slipped.
Samsara Files Confidentially for IPO
Samsara, a startup backed by Andreessen Horowitz, has filed confidential paperwork with regulators for an IPO.
Didi Global to Create a Union for its Workers
The government-affiliated union is being created as China’s government is pushing for greater distribution of wealth.
China’s State Firms to Invest in Ant Group’s Credit-Scoring Venture
The expected move is part of Beijing's effort to tighten its control over the financial technology giant controlled by Alibaba founder Jack Ma.
Databricks Hires Salesforce Veteran, Raises $1.6 Billion in New Funding
Six months after raising a $1 billion Series G round at a $28 billion valuation, Databricks has hired a seasoned software sales vet and raised new funding.
Google Pushes Back Return To Office - Again
The Delta variant, rising Covid-19 case counts and fits and starts in vaccination rates continue to complicate the tech industry’s workplace reopenings.
South Korea Bill To Force More App Store Payment Options
The law could be the first of several globally as lawmakers in the U.S. and Europe consider different ways to weaken Apple and Google’s app store dominance
Allbirds Files to Go Public
The IPO filing shows Allbirds' revenue growth has bounced back somewhat in the first half of this year after slowing sharply during the pandemic.
Record 377 Startups to Pitch During Y Combinator Demo Day
The startup incubator has continued to expand despite criticism the quality of companies has diminished as it's scaled.
Uber Sells Portion of Russian Ride-Hailing Venture
The deal is the latest move by Uber to unwind its international operations.
Prosus Acquires India’s BillDesk for $4.7 Billion
Prosus is a spin off of South African media conglomerate Naspers and is best known for holding a 29% stake in China's Tencent.
DOJ Antitrust Nominee Kanter Got $20.3 Million From Former Law Firm
Kanter also disclosed four dozen past clients including Uber, Nike, and Spotify.
Zoom Shares Dip 12% on Slowing Sales Growth
Zoom's run as one of the top-performing pandemic stocks may be drawing to a close as schools reopen and some companies reopen offices.
Apple Acquires Classical Music Service
Apple said it acquired the classical music service Primephonic and will launch a standalone classical music app next year based on it.
China Issues Strict New Limits on Children Playing Videogames in Blow to Tencent, Netease
Marking a tough new line, the government announced that children are restricted to an hour of gameplay Fridays, Saturdays and holidays.
Weekday mornings
The Information AM by The Information Staff
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