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Chinese tech firms have fallen out of love with America, and it shows – a growing number of them are looking to drop their listings in New York and head back home.
When US software giant Microsoft bought Nokia's struggling mobile phone business last year, the inhabitants of Salo – a town of 54,000 in southern Finland – thought the move would revive the local economy.
Uber Technologies Inc's China arm has closed its US$1bil (RM4.18bil) fundraising round early, with investors still hopeful for the US-based ride service despite strong domestic competition.
BlackBerry said it will buy rival mobile software provider Good Technology Corp for US$425mil (RM1.82bil), to boost its ability to help corporate clients manage smartphones running on different operating systems.
Chipmaker Microsemi Corp offered to buy PMC-Sierra Inc for about US$2.2bil (RM9.4bil) trumping a US$2bil (RM8.5bil) offer from Skyworks Solutions Inc, to expand its offerings for telecom, datacentre and cloud customers.
IBM Corp is nearing an agreement to buy the Weather Company's digital assets in a deal that could be announced as soon as this week, according to a source familiar with the matter.
The number of videos viewed each day on Snapchat has tripled since May to 6 billion as the messaging app closes the gap with social media giant Facebook Inc, according to a report in the Financial Times that cites people close to the company.
Alibaba Group Holding Ltd agreed to buy Youku Tudou Inc – popularly known as "China's YouTube" – for about US$3.7bil (RM16.7bil), slightly more than it had offered in October.
Nokia's planned takeover of rival network gear maker Alcatel-Lucent will give it far greater scope to invest in new technologies like 5G mobile equipment while cutting costs, its chief executive said.
Google Inc, a unit of Alphabet Inc, said it appointed VMware Inc co-founder and industry veteran Diane Greene to run its cloud business, as CEO Sundar Pichai pushes ahead with efforts to gain share in the fast-growing market.