Company News
SoftBank leads $500 million fundraising for Didi’s self-driving unit
FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee BEIJING/SHANGHAI (Reuters) – China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2. The …
Tencent to invest $70 billion in ‘new infrastructure’
FILE PHOTO: A Tencent sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song HONG KONG (Reuters) – Chinese tech giant Tencent Holdings (0700.HK) will invest 500 billion yuan ($70 billion) over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity, …
U.S. strikes at a Huawei prize: chip juggernaut HiSilicon
SHANGHAI (Reuters) – The latest U.S. government action against China’s Huawei takes direct aim at the company’s HiSilicon chip division — a business that in a few short years has become central to China’s ambitions in semiconductor technology but will now lose access to tools that are central to its success. FILE PHOTO: The U.S. …
Exclusive: U.S. moves to cut Huawei off from global chip suppliers
WASHINGTON (Reuters) – The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action that could ramp up tensions with China. FILE PHOTO: The Huawei logo is seen on a communications device in London, Britain, January 28, 2020. REUTERS/Toby Melville The U.S. Commerce Department said it …
Tesla to extend furlough for some employees by another week: internal email
FILE PHOTO: A view of Tesla Inc’s U.S. vehicle factory in Fremont, California, U.S., March 18, 2020. REUTERS/Shannon Stapleton/File Photo (Reuters) – Tesla Inc (TSLA.O) told furloughed employees on Friday that they will remain out of work for at least another week, postponing a plan to resume normal operations on May 4 at its San …