Meituan to Raise $10 Billion
Meituan's fundraising reflects the intensely competitive nature of China's food delivery market.
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Tencent Pledges to Invest $7.7 Billion in Poverty Alleviation and Social Programs
The promise to invest 50 billion yuan, about $7.7 billion, comes as China’s government takes aim at the power of tech platforms such as Alibaba, Tencent and Meituan.
Ant Group Denies Report Jack Ma Mulls Giving Up Control
The report comes as the Chinese government tightens its control over Ant and the internet financial sector as a whole.
Clubhouse Confirms New Funding Round Led by Andreessen Horowitz
The new round triples what investors valued the audio social app at a few months ago.
Splunk Shares Drop 9% on CTO Departure News
Splunk CTO Tim Tully is leaving next month to become a partner at Menlo Ventures, leaving an opening in the company's management ranks.
China’s Economy Rebounded
The record 18% year-on-year quarterly growth reflects how much China had stalled during the pandemic shut down last year.
Australia Court Finds Google Misled Consumers About Location Tracking
The ruling comes as governments seek to rein in major tech companies and whether firms go too far in their collection of personal information.
Biden Administration Sanctions Russia Over SolarWinds Hack
White House follows through on an earlier pledge to punish Russia for years-long efforts to breach U.S. computer networks.
Autonomous trucking startup TuSimple’s Stock Falls on Opening Day
TuSimple's weak public debut reflects wariness among investors about its nascent business.
Bezos Says Amazon Needs to Offer ‘Vision of Success’ for Employees
In his annual shareholders letter, Amazon CEO Jeff Bezos pushed back at public perceptions that Amazon mistreats its employees.
TSMC Expects to Spend $30B on Chip Production Capacity This Year
TSMC has raised its forecast for capacity expansion this year amid the global chip shortage.
Dell to Spin Off VMware Later This Year
The long-awaited move resolves a long-standing question about VMware's future and could help it pursue new business opportunities
Shopify Says Three Top Executives Will Soon Exit Company
The big e-commerce company hasn't indicated who would replace the CTO, chief talent officer or chief legal officer, who are all departing.
TPG Backs New Publication Founded by Former Vanity Fair Editor
The new subscription-only publication will let its writers get a cut of the subscription revenue.
Report Details How Amazon Extracted Favorable Terms From WarnerMedia and Other Business Partners
Amazon also faces antitrust scrutiny in the U.S. and Europe.
Coinbase Shares Open at $381, Then Start Falling
Coinbase shares had traded as high as $375 in the private market so the opening price was not unexpected
Amazon, Google, Netflix Sign Voting Rights Statement
The full page ad comes as state lawmakers around the country push restrictive voting bills.
Instagram to Give Users Choice Over Whether to See Likes
The Facebook-owned app had tested removing likes after studies linked teens' social media use with mental health problems.
Gojek, Tokopedia Finalizing $18 Billion Merger, Name Combined Company ‘Goto’
The companies expect to close the deal as early as this month, in a move that creates one of Southeast Asia's biggest internet giants.
Weekday mornings
The Information AM by The Information Staff
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