Technology / Media / Telecoms
U.S. concerned over China’s ‘predatory’ behavior when comes to technology: State Dept
FILE PHOTO: U.S. State Department spokesman Ned Price answers a question during a news briefing at the department in Washington, U.S., February 9, 2021. Olivier Douliery/Pool via REUTERS WASHINGTON (Reuters) – The United States has profound concerns over China’s “predatory” behavior when it comes to technology, the State Department spokesman said on Thursday, adding that …
US STOCKS-Wall St set to hit record highs at open on stimulus bets
By Devik Jain, Shreyashi Sanyal (For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Tesla invests $1.5 bln in bitcoin; crypto stocks jump * Disney, Cisco climb ahead of results this week * Futures up: Dow 0.45%, S&P 0.37%, Nasdaq 0.41% (Adds …
Shenzhen’s ChiNext challenges Shanghai, adds fuel to ‘technology war’ with U.S.
* Some 18 firms to list on Shenzhen’s revamped ChiNext on Monday * Reforms to ChiNext aimed at fast-tracking IPOs * Reforms come as U.S. and China fight so-called tech war * Fund managers flag tech bubble risks, fraud risks By Samuel Shen and Andrew Galbraith SHANGHAI, Aug 21 (Reuters) – As companies prepare to …
BRIEF-Alibaba Group Unloads Shares In Alibaba Health Information Technology – HKEX Filings
July 17 (Reuters) – Hong Kong Stock Exchange Filings: * ALIBABA GROUP HOLDING LIMITED SAYS IT SOLD 154.0 MLN SHARES IN ALIBABA HEALTH INFORMATION TECHNOLOGY AT AVG PRICE OF HK$22.65 ($2.92) PER SHARE ON JULY 14 – HKEX FILING * ALIBABA GROUP HOLDING LIMITED’S LONG POSITION IN ALIBABA HEALTH INFORMATION TECHNOLOGY DECREASES TO 67.51% FROM …
Amazon’s Jeff Bezos invests in UK digital freight forwarder Beacon
(Reuters) – Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment. Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC. The startup, formed by two former Uber Technologies Inc executives two years …
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, …