Indian Education Startup Byju Raising up to $600 Million Ahead of IPO
The news comes as Beijing cracks down on Chinese education startups, which could open a window for Byju to gain traction globally without as much competition.
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Recent Editions
Cybersecurity Startup Snyk Valued at $8.5 Billion in New Funding
The latest funding round reflects venture capitalists’ interest in cybersecurity startups, heightened by the success of public listings by CrowdStrike and SentinelOne in the past couple of years.
China Summons Tencent, NetEase Over New Gaming Rules
China's government on Wednesday summoned Tencent, NetEase and other Chinese videogame companies for a meeting to make sure that they will implement Beijing's new rules for the sector.
Facebook Controls Over 90% of the Social Networking Market, FTC Says
The FTC is looking to show that Facebook is overwhelmingly dominant and should be broken up.
Facebook Criticizes UK Regulator’s Call to Sell Giphy
FTC also continues investigating the $400 million deal.
Amazon to Use Cashierless ‘Amazon Go’ Technology at Whole Foods
Amazon will install its Just Walk Out cashierless checkout technology in two Whole Foods Markets next year.
Coinbase Threatened With SEC Lawsuit Over Lending Product
Coinbase CEO Brian Armstrong said the SEC is planning to sue Coinbase if the crypto exchange launches its Lend product.
PayPal Buys Japanese Buy Now, Pay Later Firm Paidy for $2.7 Billion
The acquisition comes after rival Square agreed to pay $29 billion to buy Australia’s Afterpay.
Intel to Build New Chip Factories in Europe
The latest part of CEO Pat Gelsinger's turnaround plan is focused on Europe, where Intel plans to boost chip-making capacity with new factories.
SoftBank Becomes Big Shareholder in Deutsche Telekom
The deal makes SoftBank a significant shareholder in Deutsche Telekom and opens the door for cooperation in other areas between the companies.
Ford Hires Apple Car Executive Doug Field
The move implies big changes to Apple's undisclosed development of an electric car.
Chinese Prosecutors Drop Sexual Assault Case Against Alibaba Employee
The move is bound to stir more controversy about how sexual assault cases are handled, especially those originating from big Chinese tech firms such as Alibaba.
SoftBank Stock Soars on Deutsche Telekom Share Swap Deal
The deal to acquire a 4.5% stake in Deutsche Telekom will make SoftBank one of the largest shareholders with a board seat.
Didi’s Ride-Hailing Rival in China Raises Nearly $600 Million
Cao Cao Mobility's funding round, led by China's state-owned funds, comes as its bigger rival Didi is grappling with the government's crackdown.
Didi Denies Reports That Beijing City Planning to Invest
The Chinese ride hailing firm said in its official social media in Chinese that reports that Beijing was coordinating an investment into the firm were untrue.
JD.com Appoints President as Founder Steps Back From Day-to-Day Operation
The founders of some of China's biggest tech companies are stepping back from day-to-day management roles amid Beijing's escalating regulatory crackdown.
FTC Commissioner Infighting Spills Into Public View
FTC Commissioner Christine Wilson accuses colleagues of withholding access to investigative information.
MongoDB Shares Jump 25% on Cloud Database Sales
MongoDB investors are apparently thrilled about the database provider's efforts to transition its business from licensed software to cloud services.
Match Group Wants Dutch Antitrust Authority to Disclose Enforcement Decision
Match said the regulator is required to disclose its decision in the next two weeks.
Disney Dropped the Ball in Averting Johansson Lawssuit
The lawsuit has put Disney on the defensive as Hollywood has rallied around the actress.
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