HONG KONG (Reuters) - Chinese e-commerce firm Alibaba Group announced it will invest 100 billion yuan ($15.12 billion) over five years to build a global logistics network and also take control of a $20 billion unit, underpinning an aggressive overseas expansion. Alibaba is investing 5.3 billion yuan...
HONG KONG (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is raising its stake in logistics affiliate Cainiao Smart Logistics Network Ltd to 51 percent from 47 percent by investing 5.3 billion yuan ($801.21 million), Alibaba said on Tuesday. Alibaba also said in a statement it will in...
TORONTO (Reuters) - A Toronto artificial intelligence institute set up in March with more than $150 million of public and private funding has named Carnegie Mellon professor Garth Gibson as its first chief executive. The Vector Institute, which the Canadian government set up this year in a bid to he...
NEW YORK (Reuters) - Facebook Inc and Alphabet Inc’s Google have little choice but to rein in internet political ads in the face of growing U.S. government pressure, a panel of advertising consultants and executives said on Monday. Speaking at a trade conference, the marketers seized on allega...
SAN FRANCISCO (Reuters) - Technology stocks including Facebook (FB.O), Microsoft (MSFT.O) and Alphabet (GOOGL.O) dropped sharply on Monday, increasing worries that the top-performing sector is falling out of favor as investors look elsewhere for cheaper opportunities. Facebook fell 4.6 percent, on t...
WASHINGTON (Reuters) - The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator’s database of corporate announcements in 2016, according to prepared congressional testimony seen by R...
FRANKFURT/LONDON (Reuters) - Lyft, Uber’s closest U.S. rival in the taxi-hailing business, met repeatedly with officials from London’s transport regulator over the past year, a sign it may be targeting the city for international expansion. Transport for London (TfL), which oversees taxi ...
SAN FRANCISCO (Reuters) - Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X. Digitimes, citing unnamed sources, reported that Apple suppliers were shipping just ...
WASHINGTON (Reuters) - The chairman of the U.S. Securities and Exchange Commission (SEC) only learned in August that hackers had last year breached the regulator’s database of corporate announcements, according to prepared congressional testimony seen by Reuters on Monday. The SEC’s enfo...
LONDON/TORONTO (Reuters) - Global accounting firm Deloitte [DLTE.UL] said on Monday it was the victim of a cyber attack that affected the data of a small number of clients, providing few details on the breach. Deloitte said in a statement that attackers accessed data from the company’s email p...
DETROIT (Reuters) - Commercial truck partners Navistar International Corp and Volkswagen AG’s (VOWG_p.DE) Truck and Bus said on Monday they will launch an electric medium-duty truck in North America by late 2019, and develop common hardware and systems to connect trucks to the internet. Volksw...
DUBAI (Reuters) - Dubai staged a test flight on Monday for what it said would soon be the world’s first drone taxi service under an ambitious plan by the United Arab Emirates city to lead the Arab world in innovation. The flying taxi developed by German drone firm Volocopter resembles a small,...
LONDON (Reuters) - Global accountancy firm Deloitte [DLTE.UL] said on Monday it had been hit in a cyber attack that had compromised the data of a small number of its clients, but gave few details about how its systems had been breached. Attackers had accessed data from the company’s email plat...
(Reuters) - German automaker Daimler AG’s trucks division said it would test on U.S. roads a new technology called “platooning”, which allows large digitally-connected trucks to save fuel by driving close to each other in a row. Portland, Oregon-based Daimler Trucks North America L...
LONDON (Reuters) - Global accountancy firm Deloitte [DLTE.UL] has been hit by a sophisticated hack that resulted in a breach of confidential information and plans from some of its biggest clients, Britain’s Guardian newspaper said on Monday. Deloitte - one of the big four professional services...
SAN FRANCISCO (Reuters) - Microsoft Corp’s Teams application will be replacing Skype for Business as the company’s primary teamwork software, Microsoft said on Monday, in its latest effort to defend against the threat of upstart Slack in the workplace collaboration software market. The c...
LONDON (Reuters) - Uber’s new boss [UBER.UL] apologized to Londoners for the taxi app’s mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets. The British capital’s transport regulator on ...
LONDON (Reuters) - Uber called on Monday for talks with London’s transport regulator as soon as possible and pledged to make improvements in the way it reports serious incidents in a bid to retain its license. On Friday, the British capital’s transport regulator deemed Uber unfit to run ...
LONDON (Reuters) - Uber said on Monday it was not clear what concerns London’s transport regulator had for stripping it of its license as the taxi app battles to keep operating in one of the world’s wealthiest cities. On Friday, the British capital’s regulator deemed Uber unfit to ...
SINGAPORE (Reuters) - Online retailer Lazada Group said it will sell select items from Alibaba Group Holding Ltd’s Taobao marketplace in three more countries in Southeast Asia, expanding the partnership between the two e-commerce firms. Taobao Collection will be offered in Indonesia, the Phili...
