China Blocked Ant IPO Over Concerns About Politically Connected Shareholders
Ant's investors who stood to gain from the IPO included those with ties to political families that represent a potential challenge to President Xi Jinping.
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Recent Editions
Local Rival Gains From Twitter’s Trouble in India
The Koo app, which lets users post brief messages in English and several Indian languages, has seen the number of downloads surge while Twitter battles over censorship.
DOJ Opens In-Depth Antitrust Review of Salesforce’s $27.7 Billion Slack Deal
Deals between companies that don't compete with each other no longer get a free pass from antitrust regulators.
Amazon Acquires Shopify Competitor Selz
The move speaks to Amazon’s growing ambitions in the third-party seller space
North Dakota Senate Blocks Epic-Backed Bill
The bill is likely to be the first of a series of state bills aimed at watering down Apple and Google's control of their app stores.
Palantir Stock Falls as Firm Forecasts Slower Growth in 2021
Palantir's revenue growth rate rebounded this year but its cash burn also doubled, a sign it is spending more to accelerate growth.
Indonesian Travel Startup Traveloka Plans SPAC Listing This Year
Traveloka, Southeast Asia's biggest online travel startup backed by Expedia, is the latest example of Asian tech unicorns turning to SPACs to go public.
China Considers Banning Rare Earth Exports to the U.S.
That move could have a major impact on both consumer electronics and electric vehicles, which use rare earths for magnets and batteries.
SoftBank-Backed U.K. Lender OakNorth Hit With $140 Million Defaults
The news comes as SoftBank has been reaping gains from its earlier investments such as DoorDash.
Amazon Sues NY AG Over Covid Demands
Amazon is suing the New York state attorney general over her office’s probe into its Covid-19 response.
Qualcomm, Microsoft, Google line up against Nvidia’s $40 billion Arm takeover
Tech rivals are concerned by the threat posed to Arm's neutral status in the chip industry.
Robinhood Receives Subpoena Over GameStop Trading
Federal prosecutors are investigating whether individual traders engaged in market manipulation when they discussed bidding up shares.
Microsoft’s Brad Smith Says U.S. Should Introduce Australian ‘Payment for News’ Idea
Google has threatened to shutter its search engine in Australia over the proposals, which Microsoft has backed.
Disney’s Streaming Growth Powers Earnings
The surprise star in the collection of streaming assets was Hulu, which showed strong (and unexpected) growth.
Fourteen Healthcare Providers Form Startup to Analyze Patient Data
Fourteen top U.S healthcare providers said they’ve created a new startup called Truveta to analyze anonymous patient health data.
Bumble Stock Opens 77% Above IPO Price
Bumble’s market capitalization is already over $14 billion based on early trading.
Greenfield’s LightShed Starts VC Fund
LightShed has raised $75 million in the fund, which will invest in early stage tech and media companies.
Pet Care App Rover to Go Public via SPAC Merger
The deal values Rover at $1.35 billion, a 46% premium to its last private market valuation.
Facebook to Crack Down on Users Sending Racist Messages to English Footballers
Several top athletes were bombarded with racist comments over Instagram recently.
EU Seeks Partners for New Semiconductor Factory
A continent-based foundry would help European industries be less reliant on U.S. and Asian chipmakers.
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