Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion - sources

HONG KONG (Reuters) - Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.

Facebook to keep wraps on political ads data despite researchers' demands

SAN FRANCISCO (Reuters) - Facebook said it would not disclose information about political campaign advertising or related data such as how many users click on ads and if advertising messages are consistent across demographics, despite arguments from political scientists who want the data for researc...

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Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion - sources

HONG KONG (Reuters) - Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.

Tesla reaches agreement with Shanghai to explore production: Bloomberg

Tesla's revenue from China more than tripled to over $1 billion last year, according to its annual report.

Exclusive: Fake online stores reveal gamblers' shadow banking system

LONDON (Reuters) - A network of dummy online stores offering household goods has been used as a front for internet gambling payments, a Reuters examination has found.

Daimler’s Uber rival mytaxi expands into Romania

LONDON (Reuters) - Mytaxi, the ride hailing app owned by German carmaker Daimler , has agreed to buy a Romanian rival as part of efforts to create a pan-European service to take on Uber.

Google to push for law enforcement to have more access to overseas data

WASHINGTON (Reuters) - Alphabet Inc's Google will press U.S. lawmakers on Thursday to update laws on how governments access customer data stored on servers located in other countries, hoping to address a mounting concern for both law enforcement officials and Silicon Valley.

Nissan plans driverless ride-hailing service to beat off startup competition

TOKYO (Reuters) - Nissan Motor Co Ltd on Thursday said it plans to launch driverless ride-hailing and ride-sharing services in coming years, as the automaker looks beyond making and selling cars to survive an industry being quickly transformed by new services.

Foxconn to continue to pursue Toshiba chip unit acquisition: Sharp CEO

TAIPEI (Reuters) - Taiwan's Foxconn will continue to pursue an acquisition of Toshiba Corp's chip business, a day after the troubled conglomerate chose a rival suitor as the preferred bidder, the head of Foxconn's Japanese unit said.

UK's Imagination Tech up for sale after battle with Apple

LONDON (Reuters) - Imagination Technologies, the British company that has lost 70 percent of its value following a dispute with its biggest customer Apple, said on Thursday it had put itself up for sale.

Chinese bicycle-sharing startup Mobike expands into Japan

SHANGHAI (Reuters) - Chinese bicycle-sharing startup Mobike has set up a subsidiary in Fukuoka city in northern Japan and plans to begin service later this year, it said on Thursday.

White House aims to speed U.S. drone, wireless technologies

WASHINGTON (Reuters) - The White House is bringing together drone makers, wireless companies and venture capitalists on Thursday to look at ways government can help speed new technologies to the marketplace.

Toshiba shares slip as it gears up for chip unit sale

TOKYO (Reuters) - Shares of Toshiba Corp skidded on Thursday, as the company aims to seal a deal worth some $18 billion by next week for the sale of its chip business needed to cover massive losses.

Amazon's grocery push playing catch up with Chinese e-commerce giants

BEIJING (Reuters) - As Amazon.com Inc looks to swallow U.S. grocery chain Whole Foods, China's tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains.

Oracle reports 14.8 percent rise in fourth-quarter profit

(Reuters) - Oracle Corp reported a 14.8 percent rise in quarterly profit as the business software maker's transition to cloud-based services begins to yield results, sending its shares up 8 percent in after-market trading.

Apple adds Virgin to U.S. carrier lineup as Virgin ditches Android

(Reuters) - Apple Inc will soon start selling wireless plans from Virgin Mobile USA, the first new carrier offered by the iPhone maker's since 2013, the companies said on Wednesday.

Low U.S. inflation? It's your phone: BlackRock bond manager

NEW YORK (Reuters) - Americans' love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at BlackRock, the world's biggest asset manager, said on Wednesday.

Twitter to let streaming video stars collect money from fans

SAN FRANCISCO (Reuters) - Twitter Inc plans on Wednesday to launch a system for people to earn money by streaming live on its Periscope service, a first for Twitter and a way for the company to try to compete with YouTube and others in the search for internet talent.

Intel signs Olympics sponsorship deal

SAN FRANCISCO (Reuters) - Intel Corp said on Wednesday that it would become a major sponsor of the International Olympic Committee, making the chipmaker the latest technology company to put marketing dollars behind the global sporting event.

Russian hackers targeted 21 U.S. states during election: U.S. official

WASHINGTON (Reuters) - Russian hackers targeted 21 U.S. states' election systems in last year's presidential race, a U.S. Department of Homeland Security official told Congress on Wednesday.

EBay to match some rivals' prices in bid to attract shoppers

(Reuters) - EBay Inc on Wednesday said it would match top competitors' prices for a number of popular products in an effort to lure customers.

Intel to collaborate with Israel's Team8, Illusive on cybersecurity

JERUSALEM (Reuters) - Intel Corp. has joined Team8, an Israeli creator of cybersecurity start-ups, as a strategic partner and will help with the formation of companies that address the largest cybersecurity problems, Team8 said on Wednesday.

Volvo Cars relaunches Polestar as standalone electric car brand

STOCKHOLM (Reuters) - Geely-owned automaker Volvo Cars will make its Polestar Performance business a standalone brand within the group, focusing on electric cars, the company said on Wednesday.

Uber co-founder Kalanick resigns as chief executive

(Reuters) - Uber Technologies Inc co-founder Travis Kalanick stepped down as chief executive of the ride-hailing service, following intense pressure from investors, a company spokesman said on Wednesday.

Facebook gets Indonesia nod for local unit, country's investment chief says

JAKARTA (Reuters) - Social networking giant Facebook Inc has received an in-principle approval to set up a domestic unit in Indonesia and the government is now processing the details, the country's investment chief said on Wednesday.

SoftBank founder Son pledges to stay at helm as company's firepower grows

TOKYO (Reuters) - SoftBank Group founder Masayoshi Son, Japan's richest man, said on Wednesday he'll spend the next decade identifying a successor to drive his rapidly growing technology empire, which has amassed an unprecedented investment warchest over the past year.

Honda halts Japan car plant after WannaCry virus hits computer network

FILE PHOTO: The logo of Honda is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017. REUTERS/Arnd Wiegmann/File Photo

Startup Cybereason raises $100 million from SoftBank

(Reuters) - Cybereason said on Wednesday it received $100 million in investment from its biggest investor SoftBank Corp, as the cybersecurity-focused startup looks to develop new technologies and increase distribution channels.

Tesla's autopilot software head quits in less than six months

A Tesla vehicle charges at a Tesla Supercharger station on the Qualcomm campus in San Diego,California, U.S., May 31, 2017. REUTERS/Mike Blake

Toshiba selects Japan government-led group as preferred bidder for chip business

TOKYO (Reuters) - Toshiba Corp said its board has chosen a Japanese government-led consortium as the preferred bidder for the conglomerate's prized flash memory chip business.