Ant Group in Talks to Share Consumer Data With State Firms
The government's push to gain access to the vast troves of data collected by Ant is part of its effort to tighten its control over China's biggest tech giants.
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EBay Sells Its South Korea Business for $3 Billion
Shinsegae Group’s E-Mart said it planned to buy an 80% stake in eBay’s business, as the South Korean retailer seeks to battle online rivals such as Coupang.
SPAC Deal Values Self-Driving Truck Firm Embark at $5.2 Billion
Despite the uncertainty and risks hanging over the industry, there's never been a better time for self-driving vehicle developers to raise money.
Former Cybersecurity Exec John McAfee Found Dead in Spanish Jail
John McAfee, who founded the cybersecurity software company McAfee Associates in 1987, was reportedly facing extradition to the U.S. on tax evasion charges.
NBCUniversal and Amazon Cut Fire TV Deal for Peacock
The deal means Peacock is now available on all major streaming platforms.
AT&T Sells Mobile Gaming Studio to EA
The company is selling the mobile gaming studio behind "Golf Clash" for $1.4 billion.
Apple Launches Search Ads in China App Store After Five-Year Delay
Although Apple launched its search ads business for its App Store in 2016, they weren't allowed in China likely because of regulatory restrictions.
LinkedIn Steps Up Censorship of Users in China
The move comes after Chinese regulators summoned LinkedIn in March to tell them to better regulate content on their service, the newspaper reported.
ByteDance Rolls Out Web Version of Douyin to Attract New Users
The move comes as ByteDance seeks to acquire new users amid a “saturated market” for growth by only having a mobile app.
Chinese Grocery App Dingdong Maicai Targets $6 Billion Valuation in U.S. IPO
The IPO will be a test of global investors' appetite for China's fast-growing online grocery market where local tech giants are burning billion of dollars.
Amazon’s $8.5 Billion MGM Deal to Be Reviewed by FTC
The FTC’s involvement could spell trouble for the deal.
Google Faces European Investigation Into Ad Tech Business
Europe’s top antitrust enforcer said her investigators are looking into whether Google has favored its own services in the ad tech supply chain.
Lidar Maker Quanergy Nears China-Backed SPAC Merger Deal
Quanergy's deal comes as global investors are growing more skeptical after the poor performance of companies that have gone public through SPACs.
U.S. Rescinds Orders Prohibiting Transactions With WeChat, TikTok
The move comes after a similar order was rescinded earlier this month that revoked a series of Trump-era executive orders aimed at banning the two apps.
GlobalFoundries to Build $4 Billion Chip Factory in Singapore
The investment comes despite attempts by the U.S. government to encourage companies to build factories in the U.S. to protect against supply chain disruptions.
ByteDance Founder Makes Donation Amid Beijing’s Pressure on Tech Billionaires
The move comes after ByteDance founder Zhang Yiming last month announced his decision to step down as the company's CEO.
Database Startup Couchbase Files for IPO
The provider of "NoSQL" database software is looking to tap into growing demand for the products it sells as more companies run large-scale applications.
Uber Pays $1.4 Billion For Sole Ownership of Grocery Delivery Startup
For founders who are selling their startup, sometimes it pays to not sell all of it right away.
Banking Startup Revolut Seeks Capital at $20 Billion Valuation
The U.K. banking firm was valued at $5.5 billion last year.
Hewlett Packard Enterprise Acquires Startup Determined AI
Determined AI is part of an emerging market for tools that speed the development of machine learning models.
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.
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