Airbnb tells China users personal data to be stored locally
BEIJING (Reuters) - U.S. short-term rental company Airbnb Inc has told Chinese users that it will store their personal data locally as foreign tech companies operating in China respond to increasing...
View ArticleSamsung Electronics to invest more than $1 billion in U.S. chip production
SEOUL (Reuters) - Samsung Electronics Co Ltd <005930.KS> said on Tuesday it planned to invest more than $1 billion by the end of June 2017 to boost production of system chips at its Austin,...
View ArticleHedge fund raided by the FBI? There's an app for that
By Lawrence DelevingneNEW YORK (Reuters) - An agent from the Federal Bureau of Investigation approaches a hedge fund trader as he leaves the office, wanting to ask a few questions. Nervous about saying...
View ArticleToyota to pilot Smart Key Box technology with ride-hailing start-up
TOKYO (Reuters) - Toyota Motor Corp will pilot its new Smart Key Box technology in fleets used by U.S. car-sharing service Getaround next year, stepping up its push to benefit from new mobility...
View ArticleEx-AOL, Yahoo executive appointed Ripple CEO
By Gertrude Chavez-DreyfussNEW YORK (Reuters) - U.S.-based financial technology start-up Ripple announced on Tuesday its Chief Executive Officer Chris Larsen has decided to step down and will become...
View ArticleHulu signs deals with Disney, Fox for new streaming TV service
By Malathi NayakNEW YORK (Reuters) - Video website Hulu on Tuesday announced deals to add programing from Twenty-first Century Fox and Walt Disney Co to a streaming TV service that it plans to offer in...
View ArticleInstagram to test new shopping feature
(Reuters) - Facebook Inc's Instagram said that it will start tests next week on a new shopping feature through which users can buy products from U.S.-based retailers via the photo-sharing app.Retailers...
View ArticleBroadcom nears deal to buy Brocade: sources
By Liana B. BakerSAN FRANCISCO - Chipmaker Broadcom Ltd is nearing a deal to acquire network gear maker Brocade Communications Systems Inc in a deal that could be announced later this week, people...
View ArticleTesla says SolarCity would add $1 billion to 2017 revenue
By Alexandria Sage and Nichola GroomSAN FRANCISCO/LOS ANGELES (Reuters) - Tesla Motors Inc said on Tuesday its $2.6 billion merger with SolarCity Corp would add over $500 million in cash to the...
View ArticleDiscovery signs partnership with streaming service BAMTech
By Tim BaysingerNEW YORK (Reuters) - Discovery Communications Inc and video-streaming firm BAMTech will form a joint venture to provide back-end technology for content owners, broadcasters and other...
View ArticleDorsey's Square posts jump in revenue, raises full-year forecast
(Reuters) - Square Inc , the mobile payments company co-founded and run by Twitter Inc Chief Executive Jack Dorsey, reported a higher-than-expected jump in quarterly revenue as it processed more...
View ArticleUber partners with GM's Maven car-sharing program
By Alexandria SageSAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it would partner with car-sharing service Maven, operated by General Motors, to allow Uber drivers to rent GM...
View ArticleAlibaba-backed Lazada to buy Singapore online grocer RedMart
SINGAPORE (Reuters) - Lazada Group, a southeast Asian e-commerce company backed by Alibaba Group Holding Ltd, agreed to buy Singapore-based online grocer RedMart, the two companies said in a statement...
View ArticleSwiss propose light-touch rules to lure fintech sector
ZURICH (Reuters) - Switzerland's cabinet proposed new light-touch regulations for financial technology (fintech) companies on Wednesday aimed at bolstering business and competitiveness.Easing rules...
View ArticleAlibaba beats revenue expectations with strong e-commerce, media growth
By Catherine CadellBEIJING (Reuters) - Chinese online shopping giant Alibaba Group Holding Ltd reported a 55 percent rise in second-quarter revenue on Wednesday, beating analyst estimates on the back...
View ArticleChipmaker Broadcom to buy network gear maker Brocade for $5.5 billion
By Supantha Mukherjee and Liana B. Baker(Reuters) - Chipmaker Broadcom Ltd said it would buy Brocade Communications Systems Inc for $5.5 billion, pushing deeper into the fast-growing market for network...
View ArticleTesla obliged to pay $1.7 billion to Panasonic for gigafactory cells
(Reuters) - Tesla Motors Inc had an obligation to pay a total of about $1.7 billion to Japan's Panasonic Corp <6752.T> as of Sept. 30 for electric vehicle battery cells made at Tesla's...
View ArticleGerman minister reassured over access to Chinese car market
By Gernot HellerBEIJING (Reuters) - Germany has received assurances that its car makers will not be discriminated against in China, its economy minister said in Beijing on Wednesday, a positive signal...
View ArticleTelenor shifts Myanmar focus to data services as 'hyper growth' era ends
By Yimou Lee and Antoni SlodkowskiYANGON (Reuters) - Norwegian telecoms company Telenor will focus on improving data services in Myanmar, the head of the local business said on Wednesday, as an era of...
View ArticleUK fintech finds EU barriers emerging after Brexit vote
By Huw JonesLONDON (Reuters) - Fallout from the vote to leave the European Union is already threatening the growth of financial technology firms in Britain, industry officials said on Wednesday.The...
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