Two of the biggest tech companies erased their gains for the year at Friday’s close. Apple and Google parent company Alphabet are now both down less than a percent year to date. The reversal comes on a day where the entire market saw a...
Read moreHuami, a smart wearable device developer unit of Beijing-based smartphone giant Xiaomi, launched its first satellite’Huami’ today at the Jiuquan Satellite Launch Center in China’s northern Inner Mongolia region. The orbiter will...
Read moreTesla Inc has opened a tender process to build its Shanghai Gigafactory and at least one contractor has started buying materials, according to sources and documents reviewed by Reuters, the clearest indication that construction is imminent. The...
Read moreShares in Uxin, which offers online services for used car sellers, gained nearly a third yesterday after Chinese retail behemoth Alibaba Group Holding agreed to help it rebuild its online marketplace to make it more user friendly. Stock in the...
Read moreWalmart plans to acquire online home decor retailer Art.com. The value of the deal isn’t disclosed. Marc Lore, head of Walmart’s U.S. e-commerce business, has said the company could one day own upwards of 40 digitally native brands...
Read moreAlphabet’s (GOOGL.O) Waymo on Wednesday launched a significant development in its costly, decade-long quest for autonomous transportation: self-driving taxis that actually generate fares. With little fanfare, the company has begun charging...
Read moreAlibaba Group Holding Ltd said on Wednesday it has signed an agreement with the Belgium government to launch an e-commerce trade hub, which will include investments in logistics infrastructure. The project is part of Alibaba’s Electronic World...
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Read moreVerizon has confirmed to The Verge that it will be launching RCS Chat on the Pixel 3 and 3 XL on December 6th. Only those two phones on Verizon will have the feature, but the company tells me that it is “committed to bringing advanced messaging...
Read moreAfter the negotiations over steak dinners were done, after he said his goodbyes to President Xi Jinping of China and after both governments issued their public statements about the trade truce between the United States and China, President Trump...
Read more* Fundraising values Lufax at $38 bln prior to closing -sources * Lufax was aiming for $40 bln valuation in this fundraising * Primavera, Qatar Investment among main investors -sources * Fundraising comes after Lufax postpones HK IPO -sources...
Read moreTencent Music Entertainment launched its hotly-anticipated U.S. initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by U.S. and Chinese leaders in their trade conflict. The...
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