Chinese Used-Car Trading Platform Once Valued at $1.4 Billion Could Be Sold for $1,400
The startup, Renrenche, had raised $760 million as of 2018, according to PitchBook, and had backers including Goldman Sachs, Tencent and Didi Chuxing.
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Recent Editions
Adobe Joining News Outlets to Combat ‘Deep Fakes'
New Photoshop feature tracks all changes that have been made to image files, letting readers of news articles determine whether they've been altered.
Snap’s Revenue Surges and Sends Stock Soaring 20%
Snap has particularly benefited during the pandemic from its shift to self-serve, cheap digital ads, and more recently from an advertising boycott of Facebook.
Netflix’s Subscriber Growth Slows Sharply
The results show that the surge in new subscribers in the first half has petered out, as Netflix predicted.
Warner Music Reports Higher Digital Revenues for Fiscal 2020
The results show that Warner Music's recorded music business is continuing to shrink, although the declines are offset by growth in streaming revenues.
Justice Department Sues Google for Violating Antitrust Laws
The lawsuit, which will likely take years to resolve, stands to have a sweeping impact on the tech industry.
ViacomCBS Promotes PlutoTV CEO to Run All its Streaming Operations
The company has elevated Tom Ryan and Kelly Day to senior roles overseeing streaming.
Sweden Bans Huawei and ZTE From Supplying 5G Services
The decision will benefit Ericsson, Sweden's biggest telecom equipment maker, and comes against the backdrop of a wider geopolitical standoff over Huawei and ZTE.
Didi Chuxing Said to Eye 2021 for IPO
China's ride hailing giant said it didn't have a definite time table for an initial public offering.
Pakistan Lifts TikTok Ban After 10 Days
While Pakistan's decision is good news for TikTok, the popular video app's fate in the U.S. remains in limbo.
Neumann Didn’t Get Full $185M ‘Consulting’ Payout, WeWork Exec Says
The statement marks another effort from SoftBank to try to distance itself from the disgraced WeWork founder Neumann.
HeadSpin Under Investigation by DOJ, SEC for Financial Misrepresentations
The investigations began in August after The Information reported on the board’s accounting probe and replacement of its co-founder and CEO Manish Lachwani.
AT&T’s CEO Calls Out Tech Giants for Being Too Powerful
The company still hasn't gotten its HBOMax app approved on Amazon's streaming devices.
Intel Agrees to Sell Memory Chip Unit to Hynix
The sale would be the latest step by Intel to reorient its business away from weaker businesses towards faster-growth areas like self driving cars.
Deadline for Google-Fitbit Antitrust Review in Europe Further Delayed
European antitrust regulators have delayed a decision on Google's proposed $2.1 billion acquisition of Fitbit, the maker of wearable fitness trackers.
Oracle’s Ellison Donated to TikTok Deal’s Senate Proponent
Ellison gave $250,000 to Republican Senator Lindsey Graham just days before the White House signed off on Oracle's participation in the purchase of TikTok.
Alibaba Takes Control of Chinese Retailer in $3.6 Billion Deal
Alibaba's deal to take control of supermarket operator Sun Art and consolidate its earnings raises questions about the e-commerce giant's strategy.
Ant Group Gets Regulatory Clearances for HK Listing
The approval from Chinese and Hong Kong regulators could put to rest concerns that the IPO might be held up or delayed.
China’s GDP Grows 4.9% in Third Quarter
China's economy is back on track even though it was the origin of the Covid-19 outbreak.
Twitter Unblocks Sharing of New York Post Story on Biden’s Son
The whipsaw move comes after Twitter was hit with political blowback for blocking the Post's story about Hunter Biden.
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