China’s Regulators Tell Tencent to Reorganise FinTech Business
Such a move would be in line with the Chinese government’s broader crackdown on the fintech sector where Ant Group is facing a major restructuring.
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Recent Editions
Ex-Microsoft Board Member Says She Was Pushed Out Over Nadella Blunder
Maria Klawe, a former Microsoft board member who stepped down in 2015, sheds new light on the events surrounding her departure.
Bezos to Step Down as Amazon CEO on July 5
Amazon CEO Jeff Bezos said his final day in the top job at the internet giant will be July 5.
Chinese E-Commerce App Pinduoduo’s Revenue More Than Triples
Despite the solid quarterly results, Pinduoduo, like other Chinese internet giants, faces uncertainties due to Beijing's crackdown on the tech sector.
Google Strikes Health Care Analytics Deal With HCA
The companies say they will use patient and device data to improve treatment and hospital operations, though past partnerships have drawn privacy scrutiny.
Amazon to Buy MGM for $8.45 Billion
The purchase is the first time a major tech company has bought a film studio, a sign of how video streaming is shaking up the Hollywood landscape.
Chinese Smartphone Maker Xiaomi Posts Record 1Q Results
Xiaomi is filling a void left by Huawei, which has been battered by international sanctions over its ties to China’s military.
Facebook Faces European Antitrust Probe Over Marketplace
Facebook is the last of the U.S. tech giants to face an official antitrust probe by the Commission.
Tesla to Store Chinese User Data Locally After Security Concerns
The move is part of Beijing's efforts to require foreign companies to store Chinese user data onshore as it seeks greater control and security over information.
WhatsApp Sues Indian Government Over Proposed Traceability Rules
The move comes amid a major crackdown by India’s government on western social media networks in an attempt to censor and control speech.
Startup DataRobot Hires CFO From Tableau, Co-Founder Departs
Two months after switching CEOs, DataRobot brings in a former CFO from Tableau who helped lead that company's 2019 acquisition by Salesforce.
Microsoft Using OpenAI to Let Non-Developers Code
Microsoft kicks off its annual Build developer conference with new application development and workplace collaboration features.
Arm Freezes Hiring During Nvidia Takeover
Arm has frozen hiring until 2022 in a sign that regulatory scrutiny of Nvidia's bid for the U.K. chip designer could stretch into next year.
Instacart Hires First Executive Focused on Global Expansion
Former Facebook exec Nikila Srinivasan is Instacart's first vice president of product for international markets
Amazon Hit With Antitrust Lawsuit From D.C. Attorney General
The FTC, European Commission and state attorneys general in California, New York and Washington are also scrutinizing Amazon.
NYT in Talks to Acquire The Athletic
The talks are the latest sign of consolidation in the digital media sector: Axios itself is in talks to be acquired by Axel Springer.
Germany Launches New Antitrust Investigation Into Google
Germany’s antitrust agency has begun a new investigation into Google over whether the U.S tech giant has been exploiting its dominant market position in maps, search, video and phones.
HSBC Says It Won’t Get Into Crypto
The CEO of Europe’s largest bank said it wouldn’t offer the services to clients because crypto is too volatile and opaque.
Florida Passes Law to Fine Social Media Companies That Ban Candidates
The new law, the first of its kind in the nation, and which also prohibits platform from blocking some news media posts, is likely to be challenged in courts.
Chinese Antitrust Regulators Probe Tencent-Backed KE Holdings
The investigation is another sign that regulators are turning up the heat on Chinese technology firms including Tencent, which owns nearly 12% of KE Holdings.
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