Technology News
Technology News coverage from Reuters.
Tesla Inc's board <TSLA.O> named a special committee of three directors on Tuesday which will evaluate Elon Musk's proposals to take the company private, although it said it was yet to see a firm offer from the company's chief executive.
Global investors remain overwhelmingly bullish on U.S. and Chinese tech shares, while short positions on emerging equities are growing increasingly popular, Bank of America Merrill Lynch's latest monthly fund manager survey showed on Tuesday.
Filip Liu, a 31-year-old software developer from Beijing, was traveling in the far western Chinese region of Xinjiang when he was pulled to one side by police as he got off a bus.
Australia on Tuesday proposed a new law requiring technology firms such as Alphabet Inc's Google, Facebook and Apple to give police access to private encrypted data linked to suspected illegal activities.
Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the biggest U.S. listing by a Chinese automaker.
Chinese ecommerce firm JD.com has agreed a deal with Unilever to move products like Lipton's tea and Lux soap between warehouses across China as the consumer goods firm looks to expand sales in more remote parts of the country.
Sequoia Capital China is teaming up with a state-owned venture capital (VC) fund and e-commerce powerhouse JD.com to raise up to 40 billion yuan ($5.81 billion) for a new investment firm to focus on late-stage tech investments, sources said.
China's Tencent Holdings Ltd saw its stock tumble on Tuesday, wiping out around $15 billion in its market value, amid concern of a blow to its video game revenue after regulators blocked the sale of one of its blockbuster titles.
Foxconn posted second-quarter net profit well below expectations as a rise in component costs and unsold inventory weighed on the performance of the Apple supplier and world's top contract electronics maker, analysts said.
Spain's top flight soccer division La Liga announced on Tuesday a landmark deal with Facebook which will allow viewers in the Indian sub-continent to watch every game over the next three seasons for free on the social network.
Taiwan's Hon Hai Precision Industry shares fell 1.9 percent on Tuesday morning after its second quarter results missed analyst estimates.
Tesla Inc <TSLA.O> Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc <GS.N> as financial advisers on his plan to take the U.S. electric car maker private.
Short sellers betting against Tesla Inc <TSLA.O> trimmed their exposure to the electric car maker's stock on Monday after Chief Executive Elon Musk gave new information about his proposal to take the company private.
Elon Musk wants to take Tesla Inc <TSLA.O> private, but some of his big investors may not be able to follow.
Major Tesla Inc <TSLA.O> shareholder, Fidelity Investments, cut its stake in the electric automaker by 21 percent during the second quarter, before Chief Executive Elon Musk announced his plan to take the company private earlier this month.
Tesla Inc <TSLA.O> Chief Executive Officer Elon Musk said on Monday he was working with Silver Lake Partners and Goldman Sachs Group Inc <GS.N> for financial advice on his proposal to take the electric car company private.
Nvidia Corp <NVDA.O> on Monday released a new generation of chips aimed at helping expand its business among movie makers and other graphics professionals.
Tesla Inc’s <TSLA.O> handling of Chief Executive Elon Musk's proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media.
Volkswagen AG <VOWG_p,DE> unit Electrify America said on Monday it is launching a national advertising campaign using cultural U.S. cartoon icons the Flintstones and Jetsons in a bid to broaden consumer awareness of electric vehicles.
Netflix Inc <NFLX.O> Chief Financial Officer David Wells will step down after eight years in the role, the video streaming company said on Monday.
Tesla Inc's board <TSLA.O> named a special committee of three directors on Tuesday which will evaluate Elon Musk's proposals to take the company private, although it said it was yet to see a firm offer from the company's chief executive.
Global investors remain overwhelmingly bullish on U.S. and Chinese tech shares, while short positions on emerging equities are growing increasingly popular, Bank of America Merrill Lynch's latest monthly fund manager survey showed on Tuesday.
Filip Liu, a 31-year-old software developer from Beijing, was traveling in the far western Chinese region of Xinjiang when he was pulled to one side by police as he got off a bus.
Australia on Tuesday proposed a new law requiring technology firms such as Alphabet Inc's Google, Facebook and Apple to give police access to private encrypted data linked to suspected illegal activities.
Chinese electric vehicle start-up NIO on Monday filed for a $1.8 billion initial public offering of its American depositary shares, the biggest U.S. listing by a Chinese automaker.
Chinese ecommerce firm JD.com has agreed a deal with Unilever to move products like Lipton's tea and Lux soap between warehouses across China as the consumer goods firm looks to expand sales in more remote parts of the country.
Sequoia Capital China is teaming up with a state-owned venture capital (VC) fund and e-commerce powerhouse JD.com to raise up to 40 billion yuan ($5.81 billion) for a new investment firm to focus on late-stage tech investments, sources said.
China's Tencent Holdings Ltd saw its stock tumble on Tuesday, wiping out around $15 billion in its market value, amid concern of a blow to its video game revenue after regulators blocked the sale of one of its blockbuster titles.
Foxconn posted second-quarter net profit well below expectations as a rise in component costs and unsold inventory weighed on the performance of the Apple supplier and world's top contract electronics maker, analysts said.
Spain's top flight soccer division La Liga announced on Tuesday a landmark deal with Facebook which will allow viewers in the Indian sub-continent to watch every game over the next three seasons for free on the social network.
Taiwan's Hon Hai Precision Industry shares fell 1.9 percent on Tuesday morning after its second quarter results missed analyst estimates.
Tesla Inc <TSLA.O> Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc <GS.N> as financial advisers on his plan to take the U.S. electric car maker private.
Short sellers betting against Tesla Inc <TSLA.O> trimmed their exposure to the electric car maker's stock on Monday after Chief Executive Elon Musk gave new information about his proposal to take the company private.
Elon Musk wants to take Tesla Inc <TSLA.O> private, but some of his big investors may not be able to follow.
Major Tesla Inc <TSLA.O> shareholder, Fidelity Investments, cut its stake in the electric automaker by 21 percent during the second quarter, before Chief Executive Elon Musk announced his plan to take the company private earlier this month.
Tesla Inc <TSLA.O> Chief Executive Officer Elon Musk said on Monday he was working with Silver Lake Partners and Goldman Sachs Group Inc <GS.N> for financial advice on his proposal to take the electric car company private.
Nvidia Corp <NVDA.O> on Monday released a new generation of chips aimed at helping expand its business among movie makers and other graphics professionals.
Tesla Inc’s <TSLA.O> handling of Chief Executive Elon Musk's proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media.
Volkswagen AG <VOWG_p,DE> unit Electrify America said on Monday it is launching a national advertising campaign using cultural U.S. cartoon icons the Flintstones and Jetsons in a bid to broaden consumer awareness of electric vehicles.
Netflix Inc <NFLX.O> Chief Financial Officer David Wells will step down after eight years in the role, the video streaming company said on Monday.
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