Technology News

HNA Technology ditches plan to buy e-commerce group Dangdang

HONG KONG (Reuters) - HNA Technology Co Ltd, part of Chinese conglomerate HNA Group, said on Wednesday it scrapped a plan to acquire Chinese company Dangdang’s e-commerce assets as transaction parties failed to reach agreement. The ditch of the acquisition plan marks the latest blow to HNA Group which lately has done a series of divestments to slash debt at the aviation-to-financial services group. HNA Technology, ...

19 Sep 1:24 PM 0 Read More...

Banks, traders launch first commodities blockchain platform

LONDON (Reuters) - Global banks and trading firms are launching the first blockchain-based platform for financing the trading of commodities from oil to wheat, they said in a joint statement on Wednesday. The platform will be run by a venture called komgo SA, based in Geneva, Switzerland, and is due to go live later this year. Banks and major trading firms have been testing numerous pilot schemes across commoditie...

19 Sep 11:34 AM 0 Read More...

Naspers frees cash-rich Multichoice to take on Netflix & co

JOHANNESBURG (Reuters) - South African media and e-commerce group Naspers’ plan to spin off Multichoice, Africa’s biggest pay-TV business by subscribers, will free up cash for the unit to compete with fast-growing Netflix and other streaming services. The group, which owns a $155 billion one-third stake in Chinese technology giant Tencent, unveiled plans on Monday to hive off Multichoice to help close a more than...

19 Sep 11:06 AM 0 Read More...

China's Alibaba doubles down on chips amid cloud computing push

HANGZHOU, China (Reuters) - Alibaba Group Holding Ltd (BABA.N) will set up a dedicated chip subsidiary and aims to launch its first self-developed AI inference chip in the second half of 2019 that could be used for autonomous driving, smart cities and logistics. The Chinese firm said at an event in Hangzhou on Wednesday that the new subsidiary would make customised AI chips and embedded processors to support the firm...

19 Sep 9:25 AM 0 Read More...

SAP, Alibaba team up on cloud services

HUANGZHOU, China/FRANKFURT (Reuters) - SAP SE (SAPG.DE), the German business software company, said on Wednesday it was teaming up with Alibaba (BABA.N) to offer its flagship products on the Chinese company’s cloud infrastructure. SAP Chief Executive Bill McDermott said the group would offer its S/4HANA Cloud and SAP Cloud Platform products via Alibaba, enabling companies in China run their business processes using...

19 Sep 9:25 AM 0 Read More...

AstraZeneca plots China robot offensive to counter price cuts

WUXI, China/LONDON (Reuters) - With smart cancer diagnostics, one-stop-shop diabetes kits and AI systems to improve ambulance pick-ups for patients with chest pain, AstraZeneca (AZN.L) aims to move from simply supplying drugs to become a broad healthcare provider in China. Tech tie-ups with the likes of Alibaba (BABA.N) and Tencent (0700.HK) will not directly lift the British group’s drug sales, since they are not ...

19 Sep 5:08 AM 0 Read More...

Amazon launches in Turkey

ISTANBUL (Reuters) - Amazon.com Inc said on Wednesday it had launched activities in Turkey, offering products across 15 categories to customers across the country. “We are committed to building our business in Turkey in the coming months by expanding our selection and delivery options,” Sam Nicols, country manager for Amazon.com.tr said in a written statement. Reporting by Can Sezer; Editing by Daren Butler...

19 Sep 4:53 AM 0 Read More...

Microsoft introduces HoloLens to businesses through Dynamics 365 apps

(Reuters) - Microsoft Corp announced on Tuesday new AI and mixed-reality applications for its Dynamics 365 online business software, putting to use its augmented-reality goggles HoloLens for businesses. The additions to its cloud-based software came two years after HoloLens was launched. The new AI applications, Dynamics 365 Layout and Dynamics 365 Remote Assistant, help connect live remote colleagues with the ...

19 Sep 12:26 AM 0 Read More...

U.S. senators seek punishment if China's ZTE violates deal

WASHINGTON (Reuters) - Republican and Democratic U.S. senators introduced a bill on Tuesday that would reimpose sanctions on China’s ZTE Corp (0763.HK) (000063.SZ) if it does not fully comply with U.S. laws and an agreement with the Trump administration that ended stiff restrictions on the telecommunications equipment company. President Donald Trump angered many members of Congress, including some of his fellow Rep...

18 Sep 10:58 PM 0 Read More...

U.S. Justice Department probes Musk statement on taking Tesla private

(Reuters) - Tesla Inc said on Tuesday the U.S. Department of Justice was investigating Chief Executive Elon Musk’s public statements in August that he was considering taking the electric carmaker private, the latest and biggest threat to Musk and his leadership of the electric car maker. The Justice Department asked Tesla for documents about Musk’s announcement, Tesla said, describing it as a “voluntary request...

18 Sep 8:22 PM 0 Read More...