China EV makers to take on Tesla's Model 3 through price, local manufacture

SHANGHAI (Reuters) - It's not due to arrive in China until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch cars to go head-to-head against Tesla Inc's "mass market" Model 3 sedan.

Ford taking cautious approach to China electric vehicle market

SHANGHAI (Reuters) - Ford Motor Co is taking a cautious approach to producing electric and plug-in hybrid vehicles for the Chinese market, citing uncertainty about consumer interest and government policy, despite a rush by carmakers to jump into the sector.

India's Paytm in talks with SoftBank to raise $1.2 to $1.5 billion: report

(Reuters) - Electronics payments provider Paytm is in talks with Japan's SoftBank Group to raise $1.2 to $1.5 billion in cash, making the latter one of the largest shareholders in the fintech start-up, Mint newspaper reported on Wednesday citing sources.

China EV start-up Nio to sell mass-production car next year

SHANGHAI (Reuters) - Chinese electric vehicle start-up Nio will start selling its first mass-production vehicle next year, the firm said in a statement on Wednesday, as it unveiled its ES8 SUV car at the Shanghai auto show.

Baidu to launch autonomous car technology in July

(Reuters) - Baidu Inc said on Tuesday it would open its self-driving car technology for restricted environment in July this year.

Inspired by Pokemon Go, Facebook pushes augmented reality

SAN JOSE, Calif. (Reuters) - Facebook Inc is trying to seize on the technology known as augmented reality, a mix of the real and digital worlds best known from the hit smartphone game Pokemon Go, Chief Executive Mark Zuckerberg said on Tuesday.

Italy regulator gives Vivendi a year to cut stake in either Telecom Italia or Mediaset

MILAN (Reuters) - Italy's communications authority (AGCOM) said on Tuesday France's Vivendi had one year to cut its stake in either Telecom Italia or broadcaster Mediaset to comply with Italian antitrust regulations.

Wells Fargo tests Facebook chatbot

NEW YORK (Reuters) - Wells Fargo & Company is testing a "chatbot", an automated program that can communicate with the bank's customers on Facebook's messaging platform to give them information on their accounts and help them reset their passwords.

Intuitive Surgical first-quarter sales, profit top expectations

(Reuters) - Intuitive Surgical Inc on Tuesday reported higher-than-expected first-quarter revenue and profit on increased sales of its da Vinci surgical robots and double-digit growth in procedures using the expensive machines.

IBM revenue misses estimates for first time in five quarters

(Reuters) - International Business Machines Corp reported a bigger-than-expected drop in revenue for the first time in five quarters, hurt by weak demand in its technology services business.

Yahoo's first-quarter revenue jumps 22 percent

(Reuters) - Yahoo Inc reported a 22.1 percent increase in quarterly revenue on Tuesday, ahead of the sale of its core internet business to Verizon Communications Inc .

Netflix shares on track for worst day in five months

SAN FRANCISCO (Reuters) - Shares of Netflix fell from record-high territory on Tuesday and were headed for their worst session in five months after a mixed quarterly report failed to impress Wall Street.

Uber eyes EU expansion despite Denmark setback, looming EU court ruling

COPENHAGEN (Reuters) - Uber Technologies [UBER.UL] sees opportunities to expand in the Europe Union, despite withdrawing its ride-hailing service from Denmark and facing the possibility of an EU court ruling that could mean tougher rules for the firm, an Uber executive said.

Group sues over proposal to kill new U.S. rule on prepaid cards

WASHINGTON (Reuters) - A group that supports a new prepaid card rule sued the U.S. Consumer Financial Protection Bureau on Tuesday for information it says could raise doubts about why Republicans are trying to kill the measure.

Verizon, Corning agree to $1.05 billion fiber deal

FILE PHOTO: The logo of Verizon is seen at a retail store in San Diego, California April 21, 2016. REUTERS/Mike Blake/File Photo

Former China Telecom chief pleads guilty to bribery: Xinhua

BEIJING (Reuters) - Chang Xiaobing, the former chief executive and chairman of China Telecom Corp , pleaded guilty on Tuesday to taking bribes at the beginning of his trial, the official Xinhua News Agency reported.

INCJ looking at Toshiba chip unit auction; didn't bid in first round

A logo of Toshiba Corp is seen on a printed circuit board in this photo illustration taken in Tokyo July 31, 2012. REUTERS/Yuriko Nakao

Uber's vice president of global vehicle programs leaves company

(Reuters) - Uber Technologies Inc [UBER.UL] said on Monday that its vice president of global vehicle programs, who played a role in the company's self-driving car program, has left the company.

IRobot sues Hoover, other rivals over robot vacuum patents

(Reuters) - IRobot, the maker of the popular Roomba robotic vacuum, brought a string of lawsuits on Monday accusing rivals including The Hoover Co and Black & Decker Corp of using its patented technology without permission.

Netflix's first-quarter subscriber additions misses estimates

(Reuters) - Popular video streaming service Netflix Inc added fewer subscribers than analysts' had estimated, both internationally and in the United States, in the first quarter, sending its shares down about 3 percent after the bell on Monday.

New York City taxi commission plans to force Uber to add driver tipping feature

SAN FRANCISCO (Reuters) - Ride-services company Uber Technologies Inc may be required to provide passengers a way to tip their drivers, despite its longstanding resistance, if a plan by New York City's taxi regulator is implemented.

Snap stock falls as alleged CEO comments rile some on social media

SAN FRANCISCO (Reuters) - Shares of Snap fell 1.5 percent on Monday as the Snapchat owner faced criticism for comments allegedly made by its CEO about not prioritizing growth in India and Spain because they were "poor" countries.

Ukraine launches big blockchain deal with tech firm Bitfury

NEW YORK (Reuters) - Ukraine has partnered with global technology company the Bitfury Group to put a sweeping range of government data on a blockchain platform, the firm's chief executive officer told Reuters, in a project he described as probably the largest of its kind anywhere.

Buffett's Berkshire, Chinese property portal Juwai.com team up

(Reuters) - Berkshire Hathaway HomeServices on Monday said it entered a marketing agreement with Juwai.com, China's largest international property website, to attract wealthy Chinese buyers looking to purchase homes in the United States.

Google reaches out-of-court deal with Russia over Android case

MOSCOW (Reuters) - Russian anti-monopoly watchdog FAS and Alphabet Inc's Google have reached an out-of-court settlement in a case over the Android operating system, FAS said on Monday.

Indonesia's Telkom says in talks to team up with Netflix

JAKARTA (Reuters) - U.S. video streaming service provider Netflix is in talks with Indonesia's top telecom firm PT Telekomunikasi Indonesia Tbk (Telkom) to roll out its service in the country, a spokesman at the Indonesian company said.

China's Ant Financial raises offer for MoneyGram to $1.2 billion

SINGAPORE (Reuters) - China's Ant Financial has raised its offer for electronic payment firm MoneyGram International Inc and the deal was unanimously approved by the U.S. firm's board, outbidding rival Euronet Worldwide Inc.

Hacker documents show NSA tools for breaching global money transfer system

The National Security Agency (NSA) data center is seen after construction was completed in Bluffdale, Utah, U.S., March 24, 2017. REUTERS/George Frey

Facebook shareholders propose reports on 'fake news', pay equality

People are silhouetted as they pose with mobile devices in front of a screen projected with a Facebook logo, in this picture illustration taken in Zenica October 29, 2014. REUTERS/Dado Ruvic

Uber's revenue hits $6.5 billion in 2016, still makes large loss

The logo of Uber is seen on an iPad, during a news conference to announce Uber resumes ride-hailing service, in Taipei, Taiwan April 13, 2017. REUTERS/Tyrone Siu