Dianrong, one of China's biggest peer-to-peer (P2P) lenders, is shutting down 60 of its 90 offline stores and laying off an estimated 2,000 employees, a source with direct knowledge of the matter told Reuters on Friday.
U.S Secretary of State Mike Pompeo said on Friday that the world should be "eyes wide open" about the risks of using Chinese technology, and that there could be problems for American firms operating in certain places where Huawei equipment was deployed.
Dell Technologies Inc topped Street estimates for quarterly revenue on Thursday in the computer maker's first earnings report since a return to public markets and also forecast annual revenue above estimates, lifted by demand for its servers and network devices.
Tesla Inc said on Thursday it would offer a $35,000 version of its Model 3 sedan with a delivery time of two to four weeks, while closing many of its retail stores worldwide, steps designed to increase demand and cut overhead costs for the electric vehicle maker.
Tesla Inc said on Thursday it would offer a $35,000 version of its Model 3 sedan with a delivery time of two to four weeks, nearly two years after the company originally promised the car at that price.
Dell Technologies Inc reported on Thursday a nearly 9 percent rise in quarterly revenue in its first earnings report since a return to public markets, lifted by demand for its servers and network devices.
Tesla Inc halted https://www.tesla.com/soon orders for all its cars on its website on Thursday, ahead of a scheduled announcement from the electric carmaker's Chief Executive Officer Elon Musk.
Huawei Technologies ran a full page ad in major U.S. newspapers on Thursday urging readers not to believe "everything you hear," about the Chinese tech firm, as it defends itself against government accusations its equipment can be used to spy.
Six Google employees on Thursday joined U.S. lawmakers to support bills that would ban mandatory arbitration in employment and consumer contracts, as the workers seek to build on recent success in getting the Alphabet Inc company to drop some arbitration provisions.
Alphabet Inc's YouTube said on Thursday it had disabled comments on videos featuring minors, a week after a magazine reported the platform displayed ads next to videos that showed exploitation of children.
Uber Technologies Inc and Lyft plan to offer cash bonuses to some of their most active drivers with the option to purchase shares in the ride-hailing firms' highly anticipated Wall Street debuts, a bold effort to improve driver relations as the companies transition to the public markets.
Ethereum, the world's second biggest cryptocurrency, was set on Thursday for major software upgrades that traders and analysts predicted would significantly reduce its supply.
Chinese e-commerce company JD.com is folding its high-end Toplife venture into fashion retailer Farfetch's business in China, hoping to expand in the luxury goods market where it is vying with Alibaba to attract shoppers.
Uber Technologies Inc is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, Bloomberg reported on Thursday, citing people familiar with the matter.
Huawei Device Co Ltd and Huawei Device USA Inc pleaded not guilty on Thursday in U.S. District Court in Seattle on fraud, trade secrets conspiracy and other charges, the Justice Department said.
A planned revision to international tax rules for the digital era could be drawn up within 2019 after the United States and Ireland indicated that they wanted a deal, French Finance Minister Bruno Le Maire said on Thursday.
Sunrise Communications' $6.3 billion deal to buy U.S. cable giant Liberty Global's Swiss assets, announced on Thursday, immediately hit a snag as a key shareholder said it would shun a planned rights issue to finance the acquisition.
Chinese smartphone maker OPPO said it would continue its rapid push into Europe, with Germany, Romania, Bulgaria and Ukraine next on its list of possible markets.
Sports betting content is driving growth for Turner Broadcasting System Inc's Bleacher Report, a popular digital sports and culture website and app, according to a report on Thursday.
JD.com Inc, China's second largest e-commerce firm, reported a 22.4 percent jump in quarterly sales on Thursday, beating estimates on the back of robust retail sales and sending its U.S.-listed shares up 13.8 percent in pre-market trade.
Ride-hailing firms Uber and Lyft plan to offer cash bonuses to some of its most-active or longest-serving drivers along with the chance to put them into shares from their long-awaited stock market launches, the Wall Street Journal reported on Thursday.
Shares of Booking Holdings Inc fell more than 10 percent in early trading on Thursday, after the U.S. online travel agency said it was seeing a sharp demand slowdown in Europe, its biggest market.
With India and Pakistan standing on the brink of war this week, several false videos, pictures and messages circulated widely on social media, sparking anger and heightening tension in both countries.
Switzerland's Sunrise Communications is buying U.S. cable giant Liberty Global's local assets in a $6.3 billion deal to bolster its position against Swisscom, the country's dominant mobile and internet provider.
Thailand's military-appointed parliament on Thursday passed a controversial cybersecurity law that gives sweeping powers to state cyber agencies, despite concerns from businesses and activists over judicial oversight and potential abuse of power.
Google, Facebook and Twitter have fallen short of their pledges to combat fake news, three months before key European elections, the European Commission said on Thursday.
Facebook's lead regulator in the European Union expects to conclude the first of seven investigations into the company's use of personal data this summer and the remainder by the end of the year, Ireland's Data Protection Commissioner said on Thursday.
Switzerland's Sunrise Communications is buying U.S. cable giant Liberty Global's local assets in a $6.3 billion deal to bolster its position against Swisscom, the country's dominant mobile and internet provider.
JD.com Inc, China's second largest e-commerce firm, reported a 22.4 rise in fourth-quarter revenue on Thursday, beating analyst estimates on the back of stronger online retail sales and sending its U.S.-listed shares up 8 percent.
Ireland's Data Protection Commissioner, Facebook's lead regulator in the European Union, expects to conclude the first of seven investigations into the company's use of personal data this summer and the remainder by the end of the year, its head said on Thursday.