Reuters - Technology Report

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Thursday, June 8, 2017

Alibaba CFO says expects revenue growth of 45-49 percent in FY2018

BEIJING (Reuters) - Alibaba Group Holding Ltd expects revenue growth of 45-49 percent in the 2018 fiscal year, said Chief Financial Officer Maggie Wu on Thursday during an investor conference in Hangzhou, China.

Amazon lent $1 billion to merchants to boost sales on its marketplace

(Reuters) - Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow their business, a company executive said in an interview on Wednesday.

Exclusive: Sirius XM in talks to invest in Pandora - sources

(Reuters) - Sirius XM Holdings Inc, the U.S. satellite radio company controlled by John Malone's Liberty Media Corp, is seeking to invest in internet music provider Pandora Media Inc, people familiar with the matter said.

Chinese exam authorities use facial recognition, drones to catch cheats

BEIJING (Reuters) - Chinese education authorities have gone high-tech to catch cheaters as millions of high-school students take their "gaokao", the annual university entrance exam seen as key to landing a lucrative white-collar job.

TSMC will consider Taiwan sites ahead of offshore ones for new foundry

TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker, said on Thursday it will consider sites in Taiwan before offshore options when it decides the location of a multi-billion dollar foundry early next year.

Honda to focus on self-driving cars, robotics, EVs through 2030

HAGA, Japan (Reuters) - Japanese carmaker Honda Motor Co on Thursday spelled out for the first time its plans to develop autonomous cars which can drive on city streets by 2025, building on its strategy to take on rivals in the auto market of the future.

Kinnevik sells out of Germany's Rocket Internet

BERLIN/STOCKHOLM (Reuters) - Swedish investor Kinnevik has sold its remaining stake in German ecommerce company Rocket Internet for more than 200 million euros, capitalizing on a recent rally in the stock fueled by plans to list two of its start-ups.

Judge rules Uber must disclose key document in Waymo self-driving car case

SAN FRANCISCO (Reuters) - A magistrate judge has ruled that Uber Technologies Inc [UBER.UL] must hand over a key document that could shed light on what its executives knew about alleged theft of trade secrets from Alphabet Inc's Waymo self-driving car unit.

EU seeks to expedite police requests for data from tech firms

BRUSSELS (Reuters) - The European Union wants to make it easier for law enforcement authorities to get electronic evidence directly from tech companies, such as Facebook Inc and Alphabet Inc's Google, even when stored in another European country.

Samsung Electronics to invest $300 million for U.S. appliances factory: Korea Economic Daily

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd plans to invest $300 million to build an appliances factory in the United States, the Korea Economic Daily reported on Thursday citing unnamed sources.