INFBusiness

(Reuters) – Tencent Holdings Ltd and private equity Primavera Capital are joining a funding round for Chinese grocery delivery app Xingsheng Youxuan that values the startup at $3 billion, Bloomberg reported on Monday, citing people familiar with the matter. Tencent,…

AMSTERDAM (Reuters) – The first Dutch government auction of bandwidth for 5G networks began on Monday with a 900 million euro ($1 billion) floor and network owners KPN, Vodafone and T-Mobile participating. The Dutch government is selling bandwidth in the…

LONDON (Reuters) – The Financial Conduct Authority said on Monday Wirecard was addressing the British watchdog’s concerns but its restrictions on the collapsed German payments company’s services would remain for now. Several UK fintech firms have been forced to suspend…

LONDON (Reuters) – As Britain’s COVID-19 infections soared in the spring, the government reached for what it hoped could be a game changer – a smartphone app that could automate some of the work of human contact tracers. The origin…

TOKYO (Reuters) – Sony Corp’s image sensor business aims to replicate PlayStation’s success to address its reliance on a handful of manufacturers in the fickle smartphone market: It plans to sell software by subscription for data-analyzing sensors in situ. Transforming…

TOKYO (Reuters) – Japan’s SoftBank Group Corp (9984.T) said on Monday it will repurchase up to 200 billion yen ($1.9 billion) of its domestic unsecured corporate bonds from June 30

FRANKFURT (Reuters) – Workers at six Amazon sites in Germany will go on strike on Monday in protest over safety after some staff at logistics centres tested positive for coronavirus, labour union Verdi said. Verdi said on Sunday that the…

BERLIN (Reuters) – The German government plans to terminate its contract with the country’s accounting watchdog after payments company Wirecard filed for insolvency last week in one of Germany’s biggest fraud scandals, a government official said on Sunday. Bild am…

(Reuters) – Organizers of a Facebook Inc (FB.O) advertising boycott campaign that has drawn support from a rapidly expanding list of major companies are now preparing to take the battle global to increase pressure on the social media company to…

BERLIN (Reuters) – Wirecard, the German scandal-hit payments company, said on Saturday it would proceed with business activities after filing for insolvency and expects a provisional administrator to be appointed by judicial authorities shortly. “The management board is of the…