Akanksha Rana
Stories by Akanksha Rana
China’s ByteDance evaluates changes to corporate structure of TikTok
The company has recently lost business in regions including India, following a border clash with China.
Tech companies pause processing user data requests from Hong Kong govt
Facebook, Google and Twitter have suspended processing these requests in Hong Kong after China’s establishment of a new national security law.
Uber scoops up Postmates for $2.65b in food delivery push
The move is just weeks after Uber walked away from a deal to buy US-based GrubHub.
Amazon pledges $2b venture capital fund to invest in clean energy
The fund will focus on technology investments to reduce the impact of climate change and support sustainable development.
Warburg-backed Chinese classifieds firm 58.com to go private in $8.7b deal
Interest in Chinese take-private deals is rising amid tensions between Beijing and the US.
Tencent-led investor group to take China’s Bitauto private for $1.1b
The deal is expected to close in the second half of 2020.
China’s Tencent Music reports passive stake in Warner Music
The development comes about a week after the world's third-largest recording label's debut on the Nasdaq.
Alibaba’s sales surge as users throng online platforms during lockdown
The company's core commerce business rose nearly 19% to $13.16 billion in the quarter.
Uber said to approach GrubHub with takeover offer
Revenue from Uber's restaurant food delivery business, Uber Eats, surged more than 50% to $819 million on a yearly basis in the first quarter.
Uber loses CTO Thuan Pham amid rumours of impending mass layoffs
Pham's departure is coming at a crucial time for Uber as stay-at-home orders around the world severely curtail demand for its services.
