SHANGHAI (Reuters) - Chinese online healthcare solutions platform WeDoctor, which is backed by tech giant Tencent Holdings Ltd , said on Wednesday it had raised $500 million from several investors, valuing the firm at $5.5 billion ahead of a listing this year.
Chinese fashion e-commerce firm Meili seeks $500 million in U.S. IPO - sources
HONG KONG (Reuters) - Chinese fashion-focused e-commerce platform Meili Inc is seeking $500 million in an initial public offering targeted for the second half of this year, people with direct knowledge told Reuters.
China's Leshi questioned by bourse over trading suspension risk
HONG KONG (Reuters) - Leshi Internet Information & Technology Corp Beijing, the debt-laden Chinese tech firm founded by Jia Yueting, has been formally asked whether trading in its shares was at risk of suspension, showed a regulatory filing on Wednesday.
Tencent's WeDoctor closes fund-raising round, valued at $5.5 billion
SHANGHAI (Reuters) - Chinese online healthcare solutions platform WeDoctor, which is backed by tech giant Tencent Holdings Ltd , said on Wednesday it had raised $500 million at a valuation of $5.5 billion ahead of a listing this year.
Facebook shakes up management, launches blockchain division
SAN FRANCISCO (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg on Tuesday ordered one of the biggest management shakeups in the history of the social network, giving more responsibility to his chief product officer and launching a blockchain division.
Game publisher EA's fourth-quarter revenue beats estimates
(Reuters) - Electronic Arts Inc reported a fourth-quarter revenue on Tuesday that beat Wall Street estimates, driven by sales of its popular sports titles "FIFA" as well as franchises like "Battlefield" and "The Sims".
White House to hold artificial intelligence meeting with companies
WASHINGTON (Reuters) - The White House will convene a meeting on Thursday on the future of artificial intelligence in U.S. industry with major companies including Facebook Inc, Amazon.com Inc, Google parent Alphabet Inc and Oracle Corp as well as senior government officials.
Google eases tech stress with app controls, table-booking assistant
MOUNTAIN VIEW, Calif.(Reuters) - Google on Tuesday showed how its virtual assistant can now call restaurants and salons to book appointments, navigating complex conversations, as the Alphabet Inc unit acknowledged that a technological onslaught was leaving users frazzled and needing a cure.
Microsoft Patch Tuesday, May 2018 Edition
Microsoft today released a bundle of security updates to fix at least 67 holes in its various Windows operating systems and related software, including one dangerous flaw that Microsoft warns is actively being exploited. Meanwhile, as it usually does on Microsoft’s Patch Tuesday — the se...
Game publisher EA's first-quarter forecast misses estimates
(Reuters) - Electronic Arts Inc forecast current-quarter revenue below Wall Street estimates on Tuesday, as the video-game publisher faces rising competition from free-to-play digital games "Fortnite" and "PlayerUnknown's Battlegrounds".
Google's updated virtual assistant can book appointments
MOUNTAIN VIEW, Calif.(Reuters) - Alphabet Inc's Google on Tuesday showed off an updated virtual assistant that can call restaurants, hair salons and other businesses to check hours and make reservations, holding conversations on a user's behalf.
U.S. to reveal winners of drone program that has attracted top companies
(Reuters) - Major technology and aerospace companies including Amazon.com Inc , Apple Inc , Intel Corp , Qualcomm Inc and Airbus SE are vying to take part in a new slate of drone tests the United States is set to announce on Wednesday, people familiar with the matter told Reuters.
Updated Google virtual assistant makes complex calls for users
MOUNTAIN VIEW, Calif.(Reuters) - Alphabet Inc's Google on Tuesday showed off an updated virtual assistant that can call restaurants, hair salons and other businesses to check hours and make reservations, holding conversations on a user's behalf.
Slack adds 1 million paying users amid increasing competition
SEATTLE (Reuters) - Slack Technologies Inc on Tuesday announced it has added another 1 million paid users as the company begins to face increased competition in the workplace collaboration software market.
Uber to provide data support for NASA's urban air mobility program
(Reuters) - Uber Technologies Inc [UBER.UL] said on Tuesday it signed an agreement with U.S. space agency NASA to explore concepts and technologies needed for passenger and cargo air transportation within an urban area.
Uber, U.S. Army ally to test quiet aircraft technology
DETROIT (Reuters) - Uber Technologies Inc said on Tuesday it would work with the U.S. Army to advance research on a novel, quiet aircraft rotor technology that could be used in future flying cars, or military aircraft.
Exclusive: U.S. to reveal winners of drone program that has attracted top companies
(Reuters) - Major technology and aerospace companies including Amazon.com Inc , Intel Corp , Qualcomm Inc , Raytheon Co and Airbus SE are vying to take part in a new slate of drone tests the United States is set to announce on Wednesday, people familiar with the matter told Reuters.
Audi eyes 800,000 electric and hybrid car sales in 2025
BERLIN (Reuters) - German premium brand Audi on Tuesday said it plans to sell about 800,000 battery-electric and hybrid powered cars in 2025, as it seeks to catch up with electric car rival Tesla and emerge from a damaging emissions-cheating scandal.
Exclusive: Walmart's grocery delivery partnerships with Uber, Lyft fail to take off
(Reuters) - Walmart Inc's online grocery delivery partnerships with ride-hailing services Uber and Lyft have ended, according to two sources, a potential setback for the retailer's ambitions to challenge Amazon.com Inc head-on with speedy delivery of groceries to people's homes.
Google gives publishers controls to comply with EU privacy law: Axios
(Reuters) - Alphabet Inc's Google has sent online publishers an update to its ad-serving platform, which allows them to select advertising tech vendors that comply with new European data privacy laws, news website Axios reported on Tuesday.
Facebook to block foreign ads in Irish abortion referendum
DUBLIN (Reuters) - Facebook will no longer accept advertisements from outside Ireland related to the country's May 25 abortion referendum, the U.S. firm said on Tuesday, in its latest move to boost the transparency of its political advertising.
European regulators: We're not ready for new privacy law
FRANKFURT/BRUSSELS/PARIS (Reuters) - Europe's General Data Protection Regulation (GDPR) has been billed as the biggest shake-up of data privacy laws since the birth of the web.
Sweden's iZettle to list this year, eyes profit in 2020
STOCKHOLM (Reuters) - Fast-growing financial technology business iZettle is set to be one of the biggest European fintech companies to list after announcing plans on Tuesday to join the Nasdaq Stockholm stock exchange this year.
Cohu to buy Xcerra for $796 million after blocked Chinese deal
(Reuters) - Cohu Inc will buy rival Xcerra Corp for about $796 million, the semiconductor testing company said on Tuesday, two months after a U.S. security panel blocked Xcerra's sale to a Chinese state-backed fund.
Chip testing firm Cohu to buy Xcerra for about $796 million
(Reuters) - U.S. semiconductor testing company Cohu Inc said on Tuesday it will buy rival Xcerra Corp for about $796 million in a cash-and-stock deal.
LG Display says beefs up Google tie-up, but denies got $930 million investment
SEOUL (Reuters) - South Korea's LG Display said on Tuesday it is beefing up a strategic alliance with Alphabet Inc's Google for stable panel supplies and new product development.
Russia's Megafon cuts stake in Mail.ru to form digital venture
MOSCOW (Reuters) - Russia's No.2 mobile phone operator Megafon said on Tuesday it would set up a joint venture with Gazprombank and state defense conglomerate Rostec to develop digital projects.
Alibaba buys Rocket Internet's Pakistan ecommerce platform Daraz
FRANKFURT (Reuters) - Alibaba Group has bought the entire share capital of Rocket Internet's South Asian ecommerce platform Daraz Group, Rocket Internet said on Tuesday.
Sweden's iZettle to list on Nasdaq Stockholm this year
STOCKHOLM (Reuters) - Fast-growing financial technology company iZettle said on Tuesday it planned to list on the Nasdaq Stockholm stock exchange this year, making it one of the biggest European fintech companies to list so far.
Memory boost: How chipmakers are weathering slowing smartphone sales
SEOUL/SINGAPORE (Reuters) - Investors in global chipmakers have had a rocky ride in the last few months on worries about a slowing smartphone market, but a clamor for more video content from consumers is underpinning buoyant sales for memory-chip makers.