Weibo’s Stock Tumbles After News of Beijing’s Stake in Domestic Entity
The Chinese government's previously unreported deal with Weibo is part of Beijing's broader crackdown on internet giants.
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Microsoft Hires Former Uber Executive Gupta for Teams Job
Microsoft has hired Uber's former chief product officer Manik Gupta as part of a push to make Teams appealing to consumers.
SoftBank-Backed SenseTime to Raise $2 Billion in Hong Kong IPO
The company’s IPO comes two years after it was added to a U.S. blacklist for participating in Beijing's crackdown against ethnic minorities in Xinjiang.
China’s Regulator Issues Draft Rules Banning Unfair Competition
The new rules come as the Chinese government tightens its control over the country's internet giants through antitrust investigations and other crackdowns.
Axel Springer in Talks to Buy a Stake in Politico
A deal could put in jeopardy Axel Springer’s previously reported merger discussion with Axios.
China Punishes Institutional Investors for IPO Price Violations
The move comes as Chinese regulators are pushing firms to list in Hong Kong or mainland China as opposed to the U.S.
Argentina’s Uala Valued at $2.45 Billion in Round Led by Tencent, SoftBank
Tencent and SoftBank, two of the world's biggest investors in tech startups, are both making big bets on Latin America.
Sonos Scores Initial Win in Patent Infringement Case Against Google
If an initial determination that Google violated Sonos patents is upheld it could block the tech giant from importing some of its widely used consumer devices.
Neobank Chime Raises $750 Million at $25 Billion Valuation
The company announced new funding on Friday in the run-up to its 2022 IPO.
Google Expands Kroger Grocery Pickup Footprint
Google is in talks with other retailers to expand a service that shares shoppers estimated arrival times for pickups
Chinese Battery Giant CATL to Raise $9 Billion to Boost Capacity
CATL is one of the world's largest makers of electric vehicle batteries and recently extended a deal to supply Tesla's China-made cars through 2025.
Alibaba Announces New Steps Against Sexual Harassment Amid Criticism
The move comes amid growing criticism that the Chinese e-commerce giant’s executives mishandled the recent case of an alleged sexual assault by its manager.
DoorDash’s Q2 Revenue Reaches $1.2B as Delivery Demand Holds
Rate of growth was slower than recent quarters
Airbnb Revenue Quadruples on Travel Rebound
Airbnb's revenue soared almost 300% to $1.34 billion as travel rebounded, especially among customers from countries with high vaccination rates.
Disney Plus Adds 12.4 Million Subscribers in Latest Quarter
Disney's streaming losses fell by half thanks to improvements at Hulu.
Gopuff buys London Delivery Startup Dija
The acquisition reflects rapid growth in the food delivery market in Europe, now being eyed by Instacart and Amazon as well as Gopuff.
Reddit Valued at $10 Billion
The online discussion forum has raised $410 million in a new round led by Fidelity Investments.
British Regulator Says Facebook-Giphy Hurts Digital Ad Competition
The British antitrust regulator found provisionally that Facebook’s purchase of Giphy removed a potential competitor in the digital ad market.
China Cracks Down on Online Fandom
The move is part of a months-long campaign to stop opinion manipulation and curb online celebrity worship.
SoftBank-Backed Coupang Reports Quarterly Loss
Shares of Coupang are down more than 30% since the company’s initial public offering in March.
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