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Chinese tech giant Tencent takes 5 pct stake in Tesla

Tesla Inc said on Tuesday that Chinese tech giant Tencent Holdings Ltd has invested $1.78 billion in the electric carmaker for a 5 percent stake.

Recent Technology News

Payments company Square launches in the UK

SAN FRANCISCO Square Inc, the payments company led by Twitter Inc Chief Executive Jack Dorsey, has launched in the United Kingdom in its first European foray.

Twitter 6:04am EDT

Samsung Electronics says to sell refurbished Galaxy Note 7s

SEOUL Tech giant Samsung Electronics Co Ltd said late on Monday that it plans to sell refurbished versions of the Galaxy Note 7 smartphones, the model pulled from markets last year due to fire-prone batteries.

5:10am EDT

Chinese tech giant Tencent signs $4.65 billion loan deal

HONG KONG Chinese tech giant Tencent Holdings has signed a $4.65 billion loan deal, Basis Point reported, amid a flurry of fund-raising by China's internet giants.

Mar 27 2017

Snap surges after IPO banks give flurry of 'buy' ratings

Shares of Snap Inc jumped nearly 5 percent on Monday after several of the Snapchat owner's IPO underwriters handed it badly needed "buy" ratings.

Money Mar 27 2017

Ericsson hit by bill of up to $1.7 billion as new CEO sets out overhaul

STOCKHOLM Sweden's Ericsson will book up to $1.7 billion in provisions, writedowns and restructuring costs in the first quarter as its new CEO outlined his strategy to lead the telecom equipment maker out of its worst crisis in a decade.

Deals, 6:05am EDT

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