China's Dahua Tech plans up to $1 billion Hong Kong share sale: sources

HONG KONG (Reuters) - China's Zhejiang Dahua Technology Co Ltd , a maker of security products, is planning to raise as much as $1 billion through a share offering in Hong Kong, three people with direct knowledge of the move told Reuters.

China LeEco's sports unit says valued at $3.5 billion after new funding round

BEIJING/SHANGHAI (Reuters) - Chinese tech conglomerate LeEco's sports unit said it completed a new round of funding that valued it at 24 billion yuan ($3.50 billion) and that its investors will form a new committee to supervise its finances.

Japan, South Korea drive global bitcoin prices as retail investor pile in

HONG KONG (Reuters) - Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday.

Samsung Electronics to set up fund to help suppliers amid Moon's reform push

SEOUL (Reuters) - Samsung Electronics Co Ltd said it would set up a 500 billion won ($445 million) fund to help small suppliers, the highest-profile South Korean firm to unveil steps in the wake of new President Moon Jae-in's call to protect small businesses.

China police arrest 44 in $140 million online scam

SHANGHAI (Reuters) - China's police have arrested 44 people over a scam which saw many as 93,000 people contribute start-up capital to "unfreeze" assets smuggled overseas when the Nationalist government was overthrown in 1949, police authorities said late on Thursday.

Billionaire Slim eyeing electric taxi to reduce pollution in Mexico City

MEXICO CITY (Reuters) - Giant Motors, an automaker partially owned by Mexican billionaire Carlos Slim, is working on a prototype electric taxi to replace the gas-guzzling cabs polluting Mexico City's air, a company executive said.

Britain's May asks G7 to back moves to tackle internet extremism

BRUSSELS (Reuters) - British Prime Minister Theresa May will urge the world's major industrialized nations on Friday to unite to force technology companies to tackle "extremist material" and stop militants who are moving their fight "from the battlefield to the internet".

GameStop posts first sales increase in five quarters

(Reuters) - GameStop Corp, the world's largest retailer of video games, reported its first increase in sales in five quarters, as robust demand for the Nintendo Switch gaming console helped offset weak video game sales.

Coinbase suffers outages amid bitcoin surge

(Reuters) - Coinbase said on Thursday it suffered outages this week as the bitcoin exchange saw "unprecedented traffic and trading," with the digital currency hitting record levels.

Japan lender Mizuho to launch fintech venture

TOKYO (Reuters) - Japan's Mizuho Financial Group will start a venture next month to create new businesses using "fintech," an executive said, joining a global race in financial technology that threatens to unsettle traditional players.

Global chat platform Kik to launch digital currency

NEW YORK (Reuters) - Kik Interactive, which created the chat platform Kik, said on Thursday it was launching a crypto-currency or token called Kin that would enable customers to use a whole range of digital services.

Some Uber and Lyft riders are giving up their own cars: Reuters/Ipsos poll

SAN FRANCISCO (Reuters) - Wally Nowinski got his first car when he turned 16 in Michigan, the home of the U.S. auto industry. But after two years of living in New York City, he sold his wheels, using ride services, carsharing and bike sharing to get around.

Facebook founder Mark Zuckerberg returns to Harvard as commencement speaker

CAMBRIDGE, Mass. (Reuters) - One of Harvard University's most famous dropouts, Facebook Inc founder Mark Zuckerberg, returns on Thursday to the Ivy League school to address its graduating class.

Google's Alpha Go beats Chinese master again to clinch series win

SHANGHAI (Reuters) - Google's artificial intelligence program, AlphaGo, beat Chinese Go master Ke Jie for a second time on Thursday, taking an unassailable 2-0 lead in a best of three series meant to test the limits of computers in taking on humans at complex tasks.

Newly discovered vulnerability raises fears of another WannaCry

SINGAPORE (Reuters) - A newly found flaw in widely used networking software leaves tens of thousands of computers potentially vulnerable to an attack similar to that caused by WannaCry, which infected more than 300,000 computers worldwide, cybersecurity researchers said on Thursday.

China's Lenovo fourth-quarter profit falls 41 percent, beats estimates

HONG KONG (Reuters) - China's Lenovo Group Ltd , the world's largest personal computer maker, on Thursday posted a 41 percent drop in fourth-quarter profit at a time of sluggish PC demand.

India's Infosys touts plan to hire Americans in face of visa pressures

SAN FRANCISCO (Reuters) - Infosys Ltd, the India-based computer services giant, on Wednesday touted its new strategy to hire and train 10,000 American workers over the next two years at the company's annual leadership meeting in San Francisco.

Brazilian ride-hailing app 99 raises $100 million from SoftBank

SAO PAULO (Reuters) - Japan's SoftBank Group Corp agreed to invest $100 million in Brazilian ride-hailing app 99, the startup said on Wednesday, capping off a fund-raising round totaling more than $200 million.

Exclusive: Facebook signs BuzzFeed, Vox, others for original video shows - sources

NEW YORK (Reuters) - Facebook Inc has signed deals with millennial-focused news and entertainment creators Vox Media, BuzzFeed, ATTN, Group Nine Media and others to make shows for its upcoming video service, which will feature long and short-form content with ad breaks, according to several sources ...

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Exclusive: Wannacry hits Russian postal service, exposes wider security shortcomings

MOSCOW (Reuters) - Russia's postal service was hit by Wannacry ransomware last week and some of its computers are still down, three employees in Moscow said, the latest sign of weaknesses that have made the country a major victim of the global extortion campaign.