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Tuesday, November 21, 2017
Tencent's stellar share rally sees it surpass Facebook in market value
HONG KONG (Reuters) - Tencent Holdings Ltd has racked up some impressive gains this week - becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook to be the world's fifth-most valuable company.
SoftBank funding may spur Uber to re-think tough Southeast Asian market
SINGAPORE(Reuters) - SoftBank Group's multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say.
Phones for urns: Hong Kong turns to virtual reality to honor ancestors
HONG KONG (Reuters) - A lack of space for cemeteries in crowded Hong Kong clashes with the age-old Chinese tradition of reverence for one’s ancestors.
Bitcoin hits record high after smashing through $8,000 for first time
LONDON (Reuters) - Bitcoin hit a new record high on Monday after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 percent climb in just eight days.
CBS warns of blackout in dispute with Dish
NEW YORK (Reuters) - CBS Corp said on Monday that satellite television provider Dish Network Corp could black out its programming, including holiday weekend sports events, if the companies fail to resolve a dispute over the fees Dish pays to carry its content.
Tencent on global path as it surpasses Facebook in valuation
HONG KONG (Reuters) - China's biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters.
Marvell Technology to buy rival chipmaker Cavium for $6 billion
(Reuters) - Chipmaker Marvell Technology Group Ltd said on Monday it would buy smaller rival Cavium Inc for about $6 billion, as it seeks to expand its wireless connectivity business in a rapidly consolidating semiconductor industry.
Volvo Cars to supply Uber with up to 24,000 self-driving cars
STOCKHOLM/SAN FRANCISCO (Reuters) - Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars.
Uber fights proposed rule in Mexico's Cancun barring cash fares
MEXICO CITY (Reuters) - Uber Technologies Inc, which has been facing a wave of regulations in Latin America, is fighting proposed rules in Cancun that the ride-hailing service says could drive it out of the top Mexican beach resort.
Bipartisan Harvard panel recommends hacking safeguards for elections
SAN FRANCISCO (Reuters) - A bipartisan Harvard University project aimed at protecting elections from hacking and propaganda will release its first set of recommendations today on how U.S. elections can be defended from hacking attacks.
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