(Reuters) – JD.com, China’s second largest e-commerce firm, saw its stock jump 7 percent in after hours trading on Monday after it reported better-than-expected income for the quarter ended in Sept. 30, due to strong sales. Read More at China’s JD.com sees stock
KUALA LUMPUR (Reuters) – Malaysia’s CIMB Group Holdings Bhd on Monday said some magnetic tapes containing backup customer data were lost during routine operations, adding that there has been no evidence so far that any data has been compromised. Read More at Malaysia’s
BEIJING (Reuters) – General Motors Co’s China joint ventures will be able to generate enough new energy vehicle (NEV) sales volume to account for NEV production quotas by 2019 and without the need to buy credits, GM China chief Matt Tsien said on Monday.
BRUSSELS (Reuters) – The European Union is seeking feedback on the impact of fake news as part of a move to help the bloc’s 500 million citizens assess news sources and make sure that social platforms such as Facebook live up to their responsibilities.
FRANKFURT (Reuters) – Europe’s top markets regulator has warned investors about the pitfalls of buying newly issued crypto coins, an experimental and unregulated form of online crowd funding particularly used by start-up businesses. Read More at EU markets agency warns new crypto coins
HARARE (Reuters) – For most investors around the world, bitcoin is a volatile and highly speculative bet. For Zimbabweans, however, the cryptocurrency seems to offer rare protection from the onset of hyperinflation and financial implosion. Read More at Think bitcoin’s getting expensive? Try
(Reuters) – U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd’s $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles. Read More
SYDNEY (Reuters) – Amazon.com Inc is “really close” to opening in Australia, its country manager said on Monday, as the U.S. e-commerce juggernaut prepares to shake up an already-fragile brick-and-mortar retail sector in the world’s No. 12 economy. Read More at Amazon says
SAN FRANCISCO/NEW YORK (Reuters) – Uber Technologies Inc’s [UBER.UL] warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent
HONG KONG (Reuters) – Buoyed by China’s plans to build a ubiquitous CCTV surveillance network, Chinese and some foreign investors are pouring money into start-up technology firms that specialize in facial recognition software. Read More at Backing Big Brother: Chinese facial recognition firms