Walmart’s Flipkart Raises $3.6 Billion as It Battles Amazon in India
The company was valued by investors at $37.6 billion. SoftBank, which had earlier sold its stake to Walmart, came back in as an investor.
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China Issued New Rules to Tighten Control Over IPOs of Tech Compnies
The rules could create major obstacles for many Chinese tech startups that raise money from foreign investors with plans to eventually go public in the U.S.
Stripe Hires Law Firm in Preparation for Public Listing
The long-awaited public offering is expected next year.
China’s Regulator Orders Removal of More Didi-Owned Apps
The latest action by the Cyberspace Administration of China indicates how extensive Beijing's investigation into Didi is.
Thoma Bravo to Buy Stamps.com for $6.6 Billion in Bet on Ecommerce
The private equity firm is paying an enormous premium over where Stamps.com stock has been trading, as it bets on the company's role in ecommerce shipping.
Amazon Closes Stores Operated by Chinese Retailer Amid Crackdown
Although the reason for the closures aren’t known, it comes as Amazon cracks down on fake reviews and other violations.
SoftBank Plans Additional $5 Billion Investment in Latin America
The new capital allocation would double SoftBank's total planned investment in Latin America to $10 billion.
Biden to Launch Wide-Ranging Antimonopoly Initiative Friday
The competition-focused executive order could radically reshape the US economy.
Hong Kong Chip Smuggling Increases Amid Shortages
In one recent incident, a smuggler was found with more than 250 Intel PC chips taped to his chest and calves.
Collaboration Startup Coda Doubles Valuation to $1.4 Billion in New Funding
Coda is part of a wave of upstarts battling incumbent collaboration tool providers.
Instacart Poaches Facebook’s Fidji Simo for CEO Role
The grocery delivery service has been aggressively poaching from Facebook as it expanded over the past year.
Indian Food Delivery Startup Zomato to Raise $1.25 Billion in IPO
The IPO would be a shot in the arm for China's Ant Group and Uber, which both own minority stakes in the startup.
Tesla Unveils Cheaper Version of Model Y in China
The move, which could boost demand, comes after China's regulator last month told Tesla to address a safety issue in 285,520 cars through software updates.
Prenatal Test Made by China’s BGI Harvested Pregnant Women’s Data for Research
Reuters reports that U.S. government advisors are worried about the massive data being collected by the Chinese gene sequencing company as China and the U.S. battle for tech supremacy.
Chinese Medical Data Startup Halts U.S. IPO After Didi Crackdown
The move comes just days after Beijing launched a severe crackdown on ride-hailing giant Didi Global and two other U.S.-listed Chinese tech firms.
Google Sued by States Over App Store Antitrust Violations
Google, not Apple is the first app store to face US regulatory action.
New Execs Join Amazon’s S-Team
Bezos and Jassy wrote that two longtime executives would join the S-team: Drew Herdener, vice president of global communications, and James Hamilton, an AWS vice president and engineer.
U.S. Startups Raise Record $140 Billion
Fueling the record-breaking investment levels are mega-financing rounds at sky-high valuations.
Melinda French Gates Agrees to Terms of Possible Exit From Foundation
Melinda French Gates has agreed to eventually leave the foundation she created with Bill Gates if either of them decides they can't work together.
SoftBank Leads New Funding For Israeli Facial Recognition Company
Microsoft sold its stake in AnyVision last year after the software giant conducted an audit into how the company’s technology was being used within Israel.
Weekday mornings
The Information AM by The Information Staff
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