Technology News

Vitruvian puts German fintech Smava up for sale: sources

FRANKFURT (Reuters) - Buyout group Vitruvian is putting German consumer credit online platform Smava up for sale, people close to the matter said. The private equity firm has asked investment banks to pitch for roles in a potential sale or initial public offering of the fintech, which may fetch up to $500 million, the people said. Vitruvian and Smava declined to comment. Vitruvian led a $65 million financing round ...

13 Feb 11:16 AM 0 Read More...

U.S. autonomous truck startup TuSimple raises $95 million from Sina, others

SHANGHAI (Reuters) - U.S. self-driving truck startup TuSimple said it has raised $95 million in a funding round led by Chinese internet giant Sina Corp, which values the three-year-old firm at $1 billion. The fresh funds, investors of which also include Hong Kong-based investment firm Composite Capital, will be used to expand its commercial fleet to 50 trucks by June from 11 currently, it said. The latest funding r...

13 Feb 11:06 AM 0 Read More...

Huawei sees no sales slowdown in Poland: official

WARSAW (Reuters) - Chinese telecoms firm Huawei has not seen a slowdown in sales of end-user equipment so far in Poland, the company’s senior standards manager in Europe said on Wednesday. “We don’t see slowdown in sales on Huawei equipment here.. but if the situation continues, at some point it will impact our business as well,” Georg Mayer said at a press conference in Warsaw. Poland’s government is consi...

13 Feb 10:31 AM 0 Read More...

China's Huawei says ready to work with Poland to build trust

WARSAW (Reuters) - Chinese telecoms firm Huawei is ready to work with the Polish government on additional steps to build trust, Andy Purdy, chief security officer at Huawei Technologies USA, said on Wednesday. Poland’s government is considering excluding Huawei equipment from its future 5G network over concerns first raised in the United States that Huawei technology could be equipped with back doors, sources told...

13 Feb 9:38 AM 0 Read More...

Japan sets sights on tighter anti-trust regulations for Big Tech

TOKYO (Reuters) - Japan’s government plans to set up a new watchdog to scrutinize big tech companies like Facebook and Google amid growing concerns about monopoly practices and the handling of personal data. The new regulator will examine competitive practices, the protection of personal data, and make anti-trust recommendations, according to a presentation made at a government advisory panel on Wednesday. The new ...

13 Feb 9:31 AM 0 Read More...

Rakuten picks Nokia as partner for Japanese mobile network

HELSINKI (Reuters) - Japanese e-commerce firm Rakuten has picked Nokia Oyj as a key partner for its new mobile network in Japan, which is due to launch later this year, the Finnish company said on Wednesday. Nokia said it would plan, manage, deploy and integrate mobile network technology and software for Rakuten. Rakuten has more than 100 million users in Japan, something it can build upon when it enters the market...

13 Feb 8:48 AM 0 Read More...

Japanese self-drive cars map developer to buy rival U.S. startup for $200 million

(Reuters) - Japanese map platform developer Dynamic Map Platform announced on Wednesday it plans to acquire Detroit-based map startup Ushr for up to $200 million in a bid to widen its geographical footprint in the burgeoning self driving cars market. Dynamic Map Platform counts Japan’s Toyota Motor, Nissan and Honda among its investors, while Ushr provides 3D mapping data to General Motors. The move comes as the Ja...

13 Feb 5:06 AM 0 Read More...

Twitter CEO says his and other tech firms have not combated abuse enough

(Reuters) - Twitter Inc Chief Executive Jack Dorsey said on Tuesday that Silicon Valley companies, including his own, have not done enough to protect victims of online abuse, calling it a “huge fail.” Interviewed via Twitter by Kara Swisher, co-founder of the tech news site Recode, Dorsey tweeted that he would give himself a ‘C’ grade for what Swisher termed “tech responsibility.” “We’ve made progres...

13 Feb 1:09 AM 0 Read More...

Exclusive: Amazon, GM in talks to invest in electric pickup truck maker Rivian - sources

(Reuters) - Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter said on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a major boost for the Plymouth, Michigan-based startup, which ...

12 Feb 10:55 PM 0 Read More...

Activision Blizzard's first-quarter profit forecast misses estimates

(Reuters) - Activision Blizzard Inc reported weaker-than-expected fourth-quarter revenue and forecast current-quarter revenue and profit below analysts’ estimates on Tuesday, as it faces competition from “Fortnite” and invests more in developing its games. The company said it would invest more in its biggest franchises and cut jobs as it restructures certain businesses which are not meeting expectations. As par...

12 Feb 9:25 PM 0 Read More...