Wise direct listing values fintech giant at $11 billion in big win for post-Brexit London
Wise shares opened at £8 a share Wednesday morning, giving the company a market value of £8 billion ($11 billion).
CNBC Technology
Fintech giant Wise is set go public in a rare Spotify-style listing — and it will be a big test for London
British money transfer company Wise is set to go public on the London Stock Exchange through a direct listing.
Binance CEO says 'compliance is a journey' as world's largest crypto exchange faces growing crackdown
"Compliance is a journey – especially in new sectors like crypto," Changpeng Zhao, CEO of Binance, said in a blog post Wednesday.
Why tether, the world’s third-biggest cryptocurrency, has got economists worried
Some investors believe a loss of confidence in tether could be crypto's "black swan," an unpredictable event that would severely impact the market.
China's war on bitcoin just hit a new level with its latest crypto crackdown
China shut down a company suspected of providing software services for crypto transactions, and issued a stern warning about providing other sorts of services.
Didi removed from China's WeChat and Alipay apps for new users in another big blow
The main Didi service has been removed as a shortcut from Tencent's WeChat and searching for the app no longer yields any results.
Shares of Chinese Tesla rival Xpeng close flat in Hong Kong debut
Xpeng issued 85 million Class A ordinary shares at a price of 165 Hong Kong dollars each, raising 14.02 billion Hong Kong dollars ($1.8 billion).
The Chinese firm behind the acquisition of the UK’s largest chip plant is state backed, analysis shows
Wingtech Technology is heavily backed by the Chinese Communist Party, according to analysis from Chinese investment screening specialists Datenna.
Didi shares tank as traders react to China's crackdown
The fall comes after China announced late Friday that new users in the country would not be able to download the app while it conducts a cybersecurity review.
Activist investor Starboard has been trying for months to remove Box CEO Aaron Levie
While Starboard and Box came to an agreement last year on independent directors, the relationship has grown more contentious in recent months.
Pentagon cancels $10 billion JEDI cloud contract that Amazon and Microsoft were fighting over
But the Pentagon is launching a new multivendor cloud computing contract and soliciting both AWS and Microsoft for proposals.
Cybersecurity CEO: Hackers demanding $70 million in global ransomware attack won't get that much
Friday's ransomware attack will not fetch the entire amount its Russia-linked hackers are demanding, Huntress CEO Kyle Hanslovan told CNBC.
Nintendo unveils new video game console that launches this fall as chip shortages continue to plague supply
Nintendo announced a new Switch game console with a brighter and more colorful OLED screen, more storage and a new kickstand design.
The honeymoon is over for streaming services: Here's where the major players stand
Media and technology companies have varying degrees of clarity around their streaming services -- an indication of who is winning and losing
Company card start-up Pleo valued at $1.7 billion, becoming Europe's latest fintech unicorn
Danish start-up Pleo raised $150 million in a financing round co-led by Bain Capital Ventures and Thrive Capital.
After crackdown on Didi, China opens cybersecurity probes into 3 more tech firms
Chinese regulators have opened a cybersecurity review into companies under the New York-listed Full Truck Alliance and Boss Zhipin.
Amazon’s new boss faces pressure from all sides as Bezos leaves for space
Amazon CEO Jeff Bezos will hand the reins over to cloud boss Andy Jassy, capping off 27 years leading the retail giant since its inception.
Chinese-owned Nexperia confirms acquisition of UK's largest chip plant
Nexperia, a Dutch chip firm owned by China's Wingtech, confirmed on Monday that it plans to acquire the U.K.'s largest chip producer, Newport Wafer Fab.
TikTok and Instagram inch closer to the streaming wars as competitive barriers blur
Instagram and TikTok are becoming more competitive with legacy media as antitrust watchers consider the consequences of a new video era.
China's tech crackdown has a new battleground — data
Authorities are turning their heads toward data regulation because of its importance to the technology industry, a key driver of economic growth.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.
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