Technology

  • Feb 20 (Reuters) - Camsing International Holding Ltd * Group is expected to record a profit for six months ended31 December 2016 * Expected results due to profit generated frompan-entertainment business and decrease of loss in electronicmanufacturing business.Source text for Eikon: Further company coverage:

  • Feb 20 (Reuters) - Qtone Education Group Guangdong Ltd * Says two controlling shareholders plan to unload up to24.0 million shares in the company * Says two controlling shareholders have unloaded 15.95million shares in the company on Feb 16-17, 2017, representing2.5 percent total issued share capital Source text in Chinese: …

  • Feb 20 (Reuters) - Shenzhen Sunway Communication Co Ltd * Says shareholder has unloaded 14.8 million co's sharesbetween Dec 20, 2016 and Feb 17, 2017, representing 1.5 percenttotal issued share capital Source text in Chinese: http://bit.ly/2m08WsT Further company coverage: (Reporting by Hong Kong newsroom)

  • Feb 20 (Reuters) - Zte Corp * Unit Shanghai Zhongxing Telecom Equipment Technologiesgranted approval for quotation of its shares on NationalEquities Exchange and QuotationsSource text for Eikon: Further company coverage:

  • Uber CEO Kalanick, addresses a gathering at an event in New Delhi

    The chief executive of Uber Technologies Inc has ordered an "urgent investigation" into claims of sexual harassment at the ride-hailing service made by a former employee. Chief Executive Travis Kalanick said on Sunday he instructed his chief human resources officer to investigate the accusations described in a blog post …

  • A Mobike sign is seen in Guangzhou

    Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings and hedge fund Hillhouse Capital, bringing its total new funding in 2017 to more than $300 million. The Shanghai-founded startup said last month it raised $215 million from a range …

  • A MoBike sign is seen in Guangzhou

    Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings [TEM.UL] and hedge fund Hillhouse Capital, bringing its total new funding in 2017 to more than $300 million. The Shanghai-founded startup said last month it raised $215 million from …

  • Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings and hedge fund Hillhouse Capital, bringing its total new funding in 2017 to more than $300 million. The Shanghai-founded startup said last month it raised $215 million from a range …

  • Feb 20 (Reuters) - Wanfu Biotechnology Hunan AgriculturalDevelopment Co Ltd * Says share to resume trading on Feb 21 after its biggestshareholder in deal to sell entire 26.6 percent stake in thecompany * Says transaction involves 1.1 billion yuan ($159.95million), equivalent to 31.84 yuan per share for 35.6 millionshares …

  • By Faith Hung and Jeanny Kao TAIPEI (Reuters) - Orders for Taiwan's exports rose for a sixth straight month in January on strong global demand for hi-tech gadgets such as Apple Inc's iPhones and Chinese smartphones, bolstering the government's view that economic growth could hit a three-year high this year. The export-driven …

  • Snap bets on hardware as Facebook threat looms Reuters - 2 hours 16 minutes ago
    FILE PHOTO: The logo of messaging app Snapchat is seen at a booth at TechFair LA, a technology job fair, in Los Angeles

    By Heather Somerville SAN FRANCISCO (Reuters) - Snap Inc takes to the road in London on Monday to promote its initial public offering with a daring proposition: that it can build hot-selling hardware gadgets and ad-friendly software features fast enough to stay one step ahead of Facebook. No longer just a purveyor of …

  • Feb 20 (Reuters) - China Unicom Hong Kong Ltd * Jan net addition of 4G subscribers 5.98 million * Jan aggregate number of mobile billing subscribers 265.088million * Jan net addition of mobile billing subscribers 1.266million * Jan net addition of fixed-line broadband subscribers 0.91million * Jan aggregate number of 4g …

  • FILE PHOTO Uber CEO Kalanick speaks to students during an interaction at IIT campus in Mumbai

    The chief executive of Uber Technologies Inc has ordered an "urgent investigation" into claims of sexual harassment at the ride-hailing service made by a former employee. Chief Executive Travis Kalanick said on Sunday he instructed his chief human resources officer to investigate the accusations described in a blog post …

  • Feb 20 (Reuters) - Fujian Newland Computer Co Ltd * Says it wins bids for highway engineering contracts for acombined 118.8 million yuan ($17.27 million) Source text in Chinese: http://bit.ly/2kP9X1M Further company coverage:($1 = 6.8781 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

  • A logo of Bailian Group is seen in Shanghai

    By Cate Cadell BEIJING (Reuters) - China's Alibaba Group Holding Ltd said it formed a strategic partnership with Bailian Group, the largest retailer by store numbers to join the e-commerce giant's drive to use big data to improve and profit from brick-and-mortar sales. The deal, which does not include any financial investment …

  • An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang province

    By Cate Cadell BEIJING (Reuters) - China's Alibaba Group Holding Ltd said it formed a strategic partnership with Bailian Group, the largest retailer by store numbers to join the e-commerce giant's drive to use big data to improve and profit from brick-and-mortar sales. The deal, which does not include any financial investment …

  • * Follows stake taken in Suning Commerce, plans to control Intime * Shares in Bailian group firms surge on tie-up * Bailian to integrate Alibaba payments, logistics technology (Writes through with details, analyst comment) BEIJING, Feb 20 (Reuters) - China's Alibaba Group Holding Ltd said it formed a strategic partnership …

  • A man arrives at the Uber offices in Queens, New York

    Chief Executive Travis Kalanick said on Sunday he instructed his chief human resources officer to investigate the accusations described in a blog post by Susan Fowler, who worked as an engineer at Uber from November 2015 to December 2016.

  • Snapchat logo image created with Post-it notes is seen in the windows of Havas Worldwide offices at 200 Hudson street in lower Manhattan, New York during "Post-it note war"

    By Heather Somerville SAN FRANCISCO (Reuters) - Snap Inc takes to the road in London on Monday to promote its initial public offering with a daring proposition: that it can build hot-selling hardware gadgets and ad-friendly software features fast enough to stay one step ahead of Facebook. No longer just a purveyor of …

  • FILE PHOTO - The logo of messaging app Snapchat is seen at a booth at TechFair LA, a technology job fair, in Los Angeles

    By Heather Somerville SAN FRANCISCO (Reuters) - Snap Inc takes to the road in London on Monday to promote its initial public offering with a daring proposition: that it can build hot-selling hardware gadgets and ad-friendly software features fast enough to stay one step ahead of Facebook. No longer just a purveyor of …

  • Turkey - Factors to Watch on Feb 20 Reuters Middle East - 5 hours ago

    ISTANBUL, Feb 20 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Monday. The lira stood at 3.6220 against the dollar at 0535 GMT, little changed from Friday's close of 3.6275. The yield on the benchmark 10-year bond was at 10.92 percent in spot trade on Friday and was at 10.94 …

  • Higher dividend payout recommendations from two major companies in the Gulf may help to support stock markets in the region on Monday in the absence of direction from global markets. Dubai courier Aramex's board recommended paying a cash dividend of 16 percent of the company's paid-up capital for 2016. Last month, …

  • Automobiles wait in a traffic jam on a New York City highway

    By Joseph White DETROIT (Reuters) - Traffic jams cost U.S. drivers an average of $1,200 a year in wasted fuel and time, and much more in Los Angeles, the city with the world's biggest rush hour traffic delays, according to a study by INRIX Inc released on Monday. INRIX, based in Kirkland, Washington, aggregates and analyzes …

  • Automobiles wait in a traffic jam on a New York City highway

    Traffic jams cost U.S. drivers an average of $1,200 a year in wasted fuel and time, and much more in Los Angeles, the city with the world's biggest rush hour traffic delays, according to a study by INRIX Inc released on Monday. INRIX, based in Kirkland, Washington, aggregates and analyzes traffic data collected from vehicles …

  • Feb 20 (Reuters) - TPV Technology Ltd * TPV Fujian, company's wholly-owned subsidiary and XianYang High Tech Zone Committee entered into investment agreement * Investment by TPV Fujian shall be approximately usd25million * Pursuant to investment agreement, TPV Fujian will set up anew company in for production of at …

  • Kim Dotcom poses near blocks of letters as he talks exclusively to Reuters during his Internet Party pool party at the Dotcom mansion in Coatesville

    A New Zealand court ruled on Monday that internet entrepreneur Kim Dotcom could be extradited to the United States to face charges relating to his Megaupload website, which was shutdown in 2012 following an FBI-ordered raid on his Auckland mansion. The Auckland High Court upheld the decision by a lower court in 2015 on …

  • FILE PHOTO: An Amazon package is seen after being delivered in London

    Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in the country once more even as it prepares to leave the European Union. Amazon, along with other tech giants such as Google and Apple, has increased its commitment to Britain in the last …

  • German tech entrepreneur Kim Dotcom arrives at an Auckland court

    A New Zealand court ruled on Monday that internet entrepreneur Kim Dotcom could be extradited to the United States to face charges relating to his Megaupload website, which was shutdown in 2012 following an FBI-ordered raid on his Auckland mansion. The Auckland High Court upheld the decision by a lower court in 2015 on …

  • FILE PHOTO: Megaupload founder Kim Dotcom talks to members of the media as he leaves the High Court in Auckland

    A New Zealand court ruled on Monday that internet entrepreneur Kim Dotcom could be extradited to the United States to face charges relating to his Megaupload website, which was shutdown in 2012 following an FBI-ordered raid on his Auckland mansion. The Auckland High Court upheld the decision by a lower court in 2015 on …

  • Britain will set out powers this week which would allow the launch of space satellites from the country for the first time, the government said on Monday. Draft legislation, which will also allow for horizontal flights to the edge of space for scientific experiments and the establishment of space ports around Britain, …

  • A SpaceX Falcon 9 rocket lifts off on a supply mission to the International Space Station from historic launch pad 39A at the Kennedy Space Center in Cape Canaveral

    By Irene Klotz CAPE CANAVERAL, Fla. (Reuters) - A SpaceX Falcon rocket blasted off on Sunday from a Florida launch pad once used to send NASA astronauts to the moon, a step forward for billionaire entrepreneur Elon Musk and his company's goal of ferrying astronauts to the International Space Station. The 229-foot tall …

  • SHANGHAI, Feb 20 (Reuters) - Chinese tech giant AlibabaGroup Holdings Ltd has formed a strategic partnershipwith supermarket operator Bailian Group, extending its push intobricks-and-mortar retail as online growth slows. Alibaba has also struck a recent deal for a stake inretailer Suning Commerce Group Co Ltd and is seekingto …

  • * Chinese insurers, mutual funds power Hong Kong stock rally * Clampdown on WMPs make direct stock investing more popular * Hong Kong shares less pricey than China, Asia ex-Japan shares SHANGHAI/HONG KONG, Feb 20 (Reuters) - New rules giving Chinese insurers greater access to Hong Kong stocks and a crackdown on risky …

  • Britain will set out powers this week which would allow the launch of space satellites from the country for the first time, the government said on Monday. Draft legislation, which will also allow for horizontal flights to the edge of space for scientific experiments and the establishment of space ports around Britain, …

  • Feb 20 (Reuters) - Netlinkz Ltd: * Netlinkz signs China JV, testing phase with ChinaTelecom-Net.ax * Entered into non‐exclusive joint venture agreement withJiannan Information Technology Limited * Joint venture has successfully secured a customer trial ofits technology with China Telecom Wuxi * Under Terms, JNN, founder …

  • Feb 20 (Reuters) - Hengten Networks Group Ltd * Is expected to be making a profit for year ended 31december 2016 ( "current year") and record a profit ofapproximately hk$5 millionSource text for Eikon: Further company coverage:

  • Britain will set out powers this week which would allow the launch of space satellites from the country for the first time, the government said on Monday. Draft legislation, which will also allow for horizontal flights to the edge of space for scientific experiments and the establishment of space ports around Britain, …

  • File photo of Amazon.com's logo at Amazon Japan's office building in Tokyo

    Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in the country once more even as it prepares to leave the European Union. Amazon, along with other tech giants such as Google and Apple, has increased its commitment to Britain in the last …

  • A SpaceX Falcon 9 rocket disappears into clouds after it lifted off on a supply mission to the International Space Station from historic launch pad 39A at the Kennedy Space Center in Cape Canaveral

    A SpaceX Falcon rocket blasted off on Sunday from a Florida launch pad once used to send NASA astronauts to the moon, a step forward for billionaire entrepreneur Elon Musk and his company's goal of ferrying astronauts to the International Space Station. The 229-foot tall (70-meter) Falcon 9 soared off a seaside launch …

  • A SpaceX Falcon 9 rocket first stage returns to land at the Cape Canaveral Air Force Station in Cape Canaveral

    By Irene Klotz CAPE CANAVERAL, Fla. (Reuters) - A SpaceX Falcon rocket blasted off on Sunday from a Florida launch pad once used to send NASA astronauts to the moon, a step forward for billionaire entrepreneur Elon Musk and his company's goal of ferrying astronauts to the International Space Station. The 229-foot tall …

  • U.S. Defense Secretary Mattis speaks at the opening of the 53rd Munich Security Conference in Munich

    By Phil Stewart ABU DHABI (Reuters) - U.S. Defense Secretary Jim Mattis on Sunday distanced himself from President Donald Trump's assessment of the media as "the enemy of the American people," saying during his first trip to the Middle East that he had no problems with the press. Mattis, a retired Marine general seen …

  • A SpaceX Falcon 9 rocket disappears into clouds after it lifted off on a supply mission to the International Space Station from historic launch pad 39A at the Kennedy Space Center in Cape Canaveral

    By Irene Klotz CAPE CANAVERAL, Fla. (Reuters) - A SpaceX Falcon rocket blasted off on Sunday from a Florida launch pad once used to send NASA astronauts to the moon, a step forward for billionaire entrepreneur Elon Musk and his company's goal of ferrying astronauts to the International Space Station. The 229-foot tall …

  • U.S. Defense Secretary Mattis speaks at the opening of the 53rd Munich Security Conference in Munich

    By Phil Stewart ABU DHABI (Reuters) - U.S. Defense Secretary Jim Mattis on Sunday distanced himself from President Donald Trump's assessment of the media as "the enemy of the American people," saying during his first trip to the Middle East that he had no problems with the press. Mattis, a retired Marine general seen …

  • U.S. Defense Secretary Mattis speaks at the opening of the 53rd Munich Security Conference in Munich

    By Phil Stewart ABU DHABI (Reuters) - U.S. Defense Secretary Jim Mattis on Sunday distanced himself from President Donald Trump's assessment of the media as "the enemy of the American people," saying during his first trip to the Middle East that he had no problems with the press. Mattis, a retired Marine general seen …

  • Zain, Kuwait's largest telecommunications operator by subscribers, reported a net profit of 32 million dinars ($105 million) for the three months to Dec. 31, the company said on Sunday. Zain recommended a cash dividend of 35 fils per share for 2016, up from 30 fils for 2015.

  • Turkey says U.N-led Syria talks in Geneva only place … Reuters Middle East - Sun, Feb 19, 2017 5:59 PM SGT

    Turkey's foreign minister said on Sunday U.N.-led peace talks on Syria in Geneva were the only place to negotiate a political solution and transition. "Astana has never been an alternative to Geneva," Turkish Foreign Minister Mevlut Cavusoglu told delegates at a security conference in Munich, referring to talks held …

  • MIDEAST STOCKS-Banks support Saudi, Qatar while profit-taking … Reuters Middle East - Sun, Feb 19, 2017 4:17 PM SGT

    Stock markets in the Gulf were mixed in early, quiet trade on Sunday with Saudi Arabia and Qatar outperforming because of support from the banking sector as United Arab Emirates bourses succumbed to profit-taking. The largest Islamic lender, Al Rajhi Bank, added 1.5 percent after its chief executive told Reuters that …

  • MIDEAST STOCKS-Gulf may edge up as high dividend yields … Reuters Middle East - Sun, Feb 19, 2017 1:44 PM SGT

    Positive signs of global economic growth and steadying oil prices may help lift stock markets in the Gulf in Sunday, with stocks offering high dividend yields likely to attract the most interest. On Friday the MSCI All-Country World index ended higher for a fourth straight week, its longest winning streak in a nearly …

  • Texas lawmaker wants to end emoji mix-ups with Chilean … Reuters - Sun, Feb 19, 2017 11:45 AM SGT

    By Jon Herskovitz AUSTIN, Texas (Reuters) - A state lawmaker filed a resolution this week urging people to think before they text and stop using an emoji of the Chilean flag, which resembles the Lone Star State flag, as a symbol of Texas pride. State Representative Tom Oliverson described the resolution as a light-hearted …

  • Formula E achieves a first with Buemi and driverless … Reuters - Sun, Feb 19, 2017 7:08 AM SGT
    FILE PHOTO - Formula E -  FIA Formula E Hong Kong ePrix , Hong Kong

    Switzerland's Sebastien Buemi became the first driver to win three Formula E rounds in a row on Saturday with Argentine fans also witnessing another milestone with a 'race' between two driverless cars on the streets of Buenos Aires. Buemi, the reigning champion and an ex-Formula One driver, has now won all three races …

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