Category Archives: (KFGO The Mighty 790) Technology
Chinese online tutor Zuoyebang seeks $600-$800 million at $6.5 billion valuation: sources
By Yingzhi Yang and Kane Wu BEIJING/HONG KONG (Reuters) - Online tutoring start-up Zuoyebang is in talks to raise $600-800 million in a new funding round as the coronavirus pandemic encourages investo...
Jun 05, 2020
Toyota to launch hydrogen fuel cell venture with Chinese auto firms
SHANGHAI (Reuters) - Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems. Toyota said it will launch ...
Jun 05, 2020
Virtual certainty? Bankers ask if success of remote roadshows will last
By Scott Murdoch and Joshua Franklin HONG KONG/NEW YORK (Reuters) - Who needs expensive lunches at glitzy hotels and fancy restaurants to court investors for bond deals or the sale of new shares on th...
Jun 05, 2020
TikTok owner ByteDance shuts down overseas news aggregator TopBuzz
By Yingzhi Yang and Brenda Goh BEIJING/SHANGHAI (Reuters) - ByteDance, owner of the global hit short-video app TikTok, has shut down its artificial-intelligence-based news aggregator TopBuzz, one of t...
Jun 05, 2020
Australia fines Sony $2.4 million for refusing refunds on faulty PlayStation games
(Reuters) - A court has ruled that a unit of Japan's Sony Corp broke the consumer law by denying customers refunds for faulty PlayStation games and ordered the company to pay a A$3.5 million ($2.4 mil...
Jun 05, 2020
GM Cruise tries to poach Zoox engineers as company for sale
By Jane Lanhee Lee (Reuters) - Self-driving technology company Cruise, a unit of General Motors Co's , is trying to poach engineers from struggling rival Zoox Inc, according to an email sent to Zoox e...
Jun 05, 2020
Expecting a spike in bitcoin? Investors say it may take time
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Investors expecting a sudden surge in bitcoin's price, after it underwent a technical adjustment three weeks ago that reduced the rate at which new coi...
Jun 05, 2020
Toshiba expects drop of 15.7% in annual profit, limited coronavirus impact
TOKYO (Reuters) - Toshiba Corp expects annual operating profit to drop 15.7%, it said on Friday, as a recent portfolio overhaul helps the industrial conglomerate limit the impact of the coronavirus ou...
Jun 04, 2020
As coronavirus sinks global demand, China’s exporters go online to tap domestic market
By Sophie Yu and Brenda Goh YIWU, China/SHANGHAI (Reuters) - At this time of the year, Deng Jinling would normally be welcoming foreign buyers to her vacuum flask showroom or cramming her goods into c...
Jun 04, 2020
Twitter disables Trump campaign tribute to George Floyd due to copyright complaint
(Reuters) - Twitter Inc has disabled U.S. President Donald Trump's campaign's tribute video to George Floyd saying there has been a copyright complaint. The tribute video, three minutes and forty five...
Jun 04, 2020
