Technology

HONG KONG (Reuters) – KuangChi Science Ltd said its parent has invested 4 billion yuan ($600.3 million) in a 1.88 percent stake in China United Network Communications Ltd, becoming one of its strategic investors under a mixed ownership reform plan. KuangChi Group-controlled KuangChi Connection Technology will cooperate with China United Network in areas including cloud
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LONDON (Reuters) – Formula One will crown its first virtual world champion at the season-ending Abu Dhabi Grand Prix after announcing on Monday the launch of an eSports series to run from September to November. The new eSports Series is a partnership with Formula One, game developer Codemasters and events and competitions specialists Gfinity. The
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WASHINGTON (Reuters) – The United States on Friday formally launched an investigation into China’s alleged theft of U.S. intellectual property, a widely expected move following a call from President Donald Trump earlier this week to determine whether a probe was needed. The probe is the administration’s first direct measure against Chinese trade practices, which the
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(Reuters) – Delphi Automotive Plc said on Friday it has partnered with laser-based sensor maker Innoviz Technologies to improve vehicle safety for self-driving cars, after making a minority investment in the Israel-based company. Innoviz’s LiDAR technology allows self-driving cars to identify objects at far distances, allowing them to travel at high speeds safely, Delphi said.
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HONG KONG (Reuters) – Telecoms group China Unicom’s $11.7 billion ownership-reforms plan, billed as a model case for revitalizing Chinese state firms with private capital, remained under a cloud on Friday, with confusion about fundraising details persisting. The state-owned group had announced on Wednesday it was raising the funds via its Shanghai-listed unit from more
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KIEV (Reuters) – The Ukrainian central bank said on Friday it had warned state-owned and private lenders of the appearance of new malware as security services said Ukraine faced cyber attacks like those that knocked out global systems in June. The June 27 attack, dubbed NotPetya, took down many Ukrainian government agencies and businesses, before
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SAN FRANCISCO (Reuters) – Silicon Valley joined a swelling backlash against neo-Nazi groups in the United States on Wednesday as more technology companies removed white supremacists from their services in response to weekend violence in Charlottesville, Virginia. Social media networks Twitter Inc (TWTR.N) and LinkedIn, music service Spotify Ltd and security firm Cloudflare Inc were
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