PDD Holdings Net Profit Surges 47% in Second Quarter
The company’s second-quarter earnings bucked weak trends in consumer spending in China.
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Japan’s Cybersecurity Office Infiltrated by Chinese Hackers
The revelation highlights the rising tensions between China and the U.S. and allies like Japan over issues such as state-sponsored hacking.
Netflix Hires Another Snap Ad Executive
David Roter is the latest Snap advertising leader to join Netflix.
Amazon Raises Free Shipping Minimum for Non-Prime Customers
It's the latest of several new order minimum policies and fees that Amazon has introduced as it looks to trim delivery costs.
OpenAI Launches ChatGPT For Businesses, Competing with Microsoft
The new product, which will be priced on an ad hoc basis, shows OpenAI’s increasing appetite to sign deals with large enterprises.
SEC Takes First Enforcement Action Against NFT Issuer
The SEC alleged podcast firm Impact Theory sold unregistered securities in the form of NFTs.
Foxconn Founder Terry Gou to Run For Taiwan President
The move is good news for Apple and Taiwan Semiconductor Manufacturing Co. as Gou supports closer ties between Taiwan and China.
China’s BYD to Pay $2.2B to Expand Business With Apple
BYD is part of a growing trend of Chinese firms moving up the supply chain from providing simple parts to final assembly of entire products.
Commerce Secretary Raimondo to China: Let’s be ‘Practical'
"It's a challenging relationship. We will of course disagree on certain issues," Secretary Raimondo said.
Wells Fargo Overcharged on Fees, Agrees to $35 Million Penalty, SEC Says
Bank also paid affected accountholders about $40 million to reimburse for the excess charges
PE Firm Veritas Makes Bid to Buy BlackBerry
The former smartphone maker now focuses on automotive software and cybersecurity
Instacart IPO Paperwork Lets Potential Investors Look Under the Hood
Friday filing sets the grocery delivery service up to likely begin trading next month
Klaviyo Turns Profitable Ahead of IPO
The marketing firm’s filing also revealed more details about its close relationship with Shopify.
Tiger Global Addresses ‘Malicious’ Online Attacks
Tiger told its limited partners that it has "engaged with experts" in response to "malicious attacks" it believes are coming from a former employee.
ESPN Considers Charging $35 for New Streaming Service
Amazon is one of a number of companies that have shown interest in an ESPN partnership.
Dropbox Axes Unlimited Cloud Storage for Businesses
Dropbox ends one of the last remaining unlimited cloud storage options on the market after Google made a similar move in May.
Affirm’s Loss Widens as Revenue Growth Accelerates
Affirm’s revenue growth in the June quarter accelerated from the March quarter, helping lift the stock.
Mastercard, Binance End Crypto Card Partnership
Binance also paused applications for its Visa crypto card, which it offered to users in Europe.
Mortgage Firm Better’s Shares Plunge After SPAC Deal
Still, Better winds up with a significant capital infusion from SoftBank
DOJ Sues SpaceX Over Hiring Discrimination
SpaceX falsely claimed export laws restricted hiring, according to the DOJ.
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
