Technology

BEIJING (Reuters) – Chinese online education platform Yuanfudao, which is backed by tech giant Tencent Holdings (0700.HK), is close to completing a financing round that would value it at around $7.5 billion, two people familiar with the matter said. The…

BRUSSELS (Reuters) – Alphabet Inc’s (GOOGL.O) YouTube said on Friday it will reduce its streaming quality in the European Union to avert internet gridlock as thousands of Europeans, constrained by the coronavirus outbreak, switch to working from home. YouTube is…

(Reuters) – Microsoft Corp’s (MSFT.O) Teams chat and conferencing app gained more than 12 million daily users in one week, a 37.5% jump as more people worked from home during the coronavirus outbreak, the company said on Thursday. Teams had…

(Reuters) – Amazon.com Inc (AMZN.O) said on Thursday it has halted its Prime Pantry delivery service in the United States to restock groceries, following a surge in online orders by shoppers worried about the coronavirus pandemic. “Amazon Pantry is not…

(Reuters) – Shares of Uber Technologies Inc (UBER.N) surged as much as 44% on Thursday after Chief Executive Officer Dara Khosrowshahi said it had plenty of cash on hand to tide over the coronavirus crisis and signaled a recovery in…

SHENZHEN, China (Reuters) – China’s Xiaomi had resumed operations for over 80

LONDON (Reuters) – As worries over the economic hit from the coronavirus outbreak spread from stocks, oil and bonds to cryptocurrencies late last week, bitcoin crashed to its worst day in seven years. But plummeting prices weren’t the only problem…

SAN FRANCISCO (Reuters) – Some app developers say Alphabet Inc’s (GOOGL.O) Google is increasingly pressing them to embed code in their own products that will deepen Google’s access to data on consumers, giving the company a leg up on rivals.…

TEL AVIV/WASHINGTON (Reuters) – As people disperse to their homes to work and study because of the coronavirus pandemic, taking their laptops and company data with them, cyber security experts say hackers will follow, seeking to take advantage and infiltrate…

(Reuters) – Chinese social video app TikTok named the initial members of a U.S.-focused content moderation committee to advise on its policies on Wednesday, as it faces U.S. scrutiny over data-sharing and censorship concerns. The council, which it announced in…