INFBusiness

BEIJING (Reuters) – China will relax restrictions on new energy vehicle purchases and offer subsidies for them, the vice head of China’s state planner said on Wednesday, according to the state broadcaster. China will also boost consumption in the intelligent…

(Reuters) – ChargePoint, one of the world’s oldest and largest electric vehicle charging networks, has closed on a $127 million funding round, much of it from existing investors, the company said on Wednesday. The latest equity financing round gives ChargePoint…

HONG KONG (Reuters) – China’s biggest video game and social media company Tencent Holdings (0700

SHANGHAI (Reuters) – The founder of China’s largest chipmaker SMIC said on Tuesday he was “optimistic” China could catch up with the United States in the next generation of semiconductors but that U.S. efforts to contain its technology sector could…

DUBLIN/BERLIN (Reuters) – Europe’s experiment in using technology to fight coronavirus has achieved some early successes: millions of people have downloaded smartphone tracker apps and hundreds have uploaded the results of positive COVID-19 tests. Yet most European countries so far…

HONG KONG (Reuters) – Chinese healthcare services firm Alibaba Health Information Technology has raised nearly $1.3 billion in Hong Kong’s largest follow-on share sale in five years, according a statement from the company on Wednesday. The company will issue 499…

(Reuters) – Cloud services firm Rackspace Technology Inc RXT.O sold shares in its initial public offering (IPO) on Tuesday at $21 per share, the bottom end of its target range, to raise $703.5 million, the company said. The IPO valued…

NEW YORK (Reuters) – Australia has found no evidence showing it should restrict the popular short-video app TikTok, the country’s Prime Minister Scott Morrison said on Tuesday, after U.S. President Donald Trump threatened to ban the Chinese-owned app. “We’ll obviously…

LOS ANGELES (Reuters) – U.S. losses from coronavirus-related fraud and identity theft have reached nearly $100 million since the pandemic emerged in March, while complaints of COVID-19 scams have at least doubled in most states, a consumer protection group said…