TECHNOLOGY

Ant Group will close its Hong Kong institutional book building one day early as it aims to raise about $17.2 billion in the city, according to two sources with direct knowledge of the matter.

The Canadian police officer who arrested a Huawei executive in Vancouver in 2018 told a court on Monday the apprehension was done by the book, amid claims by her lawyers that her rights were violated during the process.

Sales of new energy vehicles (NEV) in China, the world's biggest auto market, will jump to 50% of overall new car sales by 2035 from just 5% at present, the China Society of Automotive Engineers (China-SAE) said on Tuesday.

U.S. District Judge Amit Mehta on Monday set a status hearing on the Justice Department's antitrust lawsuit against Alphabet Inc's Google for Friday.

Microsoft Corp, which has largely evaded Washington's scrutiny of Big Tech companies and scored a lucrative $10 billion government contract under the Trump administration, has emerged as a significant backer of the Biden campaign.

Ant Group Co Ltd is poised to raise up to $34.4 billion in the world's largest stock market debut as investors rush to buy into the fast-growing Chinese fintech giant despite risks of greater scrutiny at home and abroad.

Samsung Electronics' display unit has received licenses from U.S. authorities to continue supplying certain display panel products to Huawei Technologies [HWT.UL], a source familiar with the matter told Reuters on Tuesday.

Twilio Inc on Monday posted a surprise third-quarter profit and forecast sales above estimates for the fourth, as a switch to remote working and learning due to the COVID-19 pandemic boosted demand for cloud services.

China's Ant Group will pay bankers selling its shares in Hong Kong up to $198 million in underwriting fees, its filings showed on Monday, in line with a trend of large issuers sharing a small portion of their fundraising with advisers.