China’s Lufax Seeks to Raise $2.4 Billion in New York IPO
The company had a net profit of $1 billion on income of $3.64 billion.
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The Information AM
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
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Recent Editions
Apple Lobbied U.S. Congress on Uighur Slave Labor Bills
Apple lobbied Congress on a bill aimed at ensuring that U.S. companies rid their supply chains of slave labor.
Intel Shares Drop 10% on Weak Server Chip Sales
Intel continues to encounter turbulence due to pandemic-related spending shifts, as sales of server chips saw an unexpected decline during the quarter.
Tesla’s “Full Self Driving” Launches Amid Strong Financial Performance
Musk's quest to automate Tesla drive has entered a new and risky phase.
WhatsApp Plans Cloud Hosting for Business Accounts
By offering cloud hosting, Facebook is tiptoeing into a crowded market of hosting providers.
Salesforce Moves Ahead With Digital Dreamforce Plans
After telling The Information in August that a digital Dreamforce might not happen this year, Salesforce Chairman CEO Marc Benioff has had a change of heart.
WarnerMedia Heads of Distribution to Exit
The company is reorganizing its sales and distribution teams, resulting in the departures of two longtime executives.
McAfee Returns to Wall Street in Second IPO
Proceeds from the $740 million IPO will help the cybersecurity firm pay down a $525 million term loan.
Google Shopping Adds New Pricing Insights Ahead of Holiday Season
Google Shopping has made a number of changes over the past year in an effort to better compete with rival Amazon.
Senate Panel Authorizes Subpoenas for Facebook, Twitter CEOs
Republicans in the U.S. Senate are rushing to bring tech CEO's in for testimony about content moderation with just weeks to go before the presidential election.
Eko to Press on With Lawsuit Against Quibi Despite Shutdown
The lawsuit could pose issues for Quibi investors and any potential buyers of the streaming service's assets.
HBO Max Has 8.6 Million Activations
Live programming, but probably not sports, will likely play a role in the ad-supported tier of the service which will launch next year.
Facebook Dating Clears Data Hurdle to Launch in Lovesick Europe
Facebook cleared the way to roll out the new feature by easing the concerns of regulators wary of how the company would use the data it generated.
India’s Smartphone Shipments Hit Record High
Despite the pandemic's impact on India's economy, Indian consumers' appetite for affordable smartphones remains strong.
Amazon Labs Now Conducting ‘Thousands’ of Covid Tests a Day
Amazon said it aims to process 50,000 tests a day by next month.
Quibi Plans Investor, Employee Call Amid Talk of Shutdown
While other options are possible, shutting Quibi down appears increasingly likely
Outsourcing IT Firm Datto Begins Trading on NYSE
The IT firm will use its IPO proceeds to pay down more than half a billion in debt.
ThredUp Confidentially Files to Go Public
The used clothing retailer joins competitor Poshmark, which confidentially filed to go public in September.
Australia Considers Its Own Antitrust Lawsuit Against Google
Australia would join a list of countries considering antitrust action against big tech
Huawei, China Tech Firms Raise Concerns About Nvidia’s Arm Deal
The opposition could create a major obstacle for the Nvidia deal, which is crucial for Arm's parent company SoftBank.
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