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It took just 28 Chinese characters on an obscure social media platform to ignite a controversy that’s rattled the country’s tech industry.
Bolt Technology OU, which competes with Uber Technologies Inc in Europe and Africa, will roll out a new car-sharing project in the Estonian capital, according to founder and chief executive officer Markus Villig.
Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd and ByteDance Ltd, levelling many of the same curbs employed against Jack Ma’s Ant Group Co in a crackdown on the tech sector.
SINGAPORE (Reuters) - Singapore's Grab more than doubled its valuation to $40 billion in about a year as part of the world's largest SPAC deal, but maintaining that level after its U.S. debut will be a test not only for investors but also for firms eyeing similar listings.
AUSTIN, Texas/TOKYO (Reuters) -Toyota Motor Corp will acquire Lyft Inc's self-driving technology unit for $550 million, the companies said, as the Japanese firm steps up its automation ambitions with the newly created Woven Planet division.
The competition between Wang Xing’s Meituan and fellow tech billionaire Jack Ma’s Alibaba Group Holding Ltd is turning into one of the great rivalries in Chinese business.
E-hailing drivers in some African countries including Nigeria and Kenya went on strike, demanding a higher share of commissions, as the cost of living and fuel increased amid the Covid-19 pandemic.
SHANGHAI (Reuters) - China's electric vehicle (EV) maker BYD launched a new product platform which will be open to other automakers, its chairman Wang Chuanfu said on Monday.
LONDON (Reuters) - Swedish carmaker Volvo Cars said on Monday it has signed an agreement to provide cars to the autonomous driving technology unit of China's top ride-hailing firm, Didi Chuxing, for its self-driving test fleet.
Alibaba’s pledge was one of 11 released on Friday by tech firms such as video streaming site iQiyi, search engine Sogou and food delivery platform Ele.me The company said separately that trial programme for merchants on its Tmall platform would begin on April 19