Reuters - Technology Report

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Monday, September 25, 2017

Uber says not clear what prompted London regulator to strip it of license

LONDON (Reuters) - Uber said on Monday it was not clear what concerns London's transport regulator had for stripping it of its license as the taxi app battles to keep operating in one of the world's wealthiest cities.

Internet giants, once above the fray, on the defensive in Washington

WASHINGTON (Reuters) - Internet giants, including Alphabet's Google and Facebook , are moving to compromise on several major policy issues as they adjust to an abrupt shift in the political winds in Washington.

Lazada expands Alibaba's Taobao marketplace in Southeast Asia

SINGAPORE (Reuters) - Online retailer Lazada Group said it will sell select items from Alibaba Group Holding Ltd's Taobao marketplace in three more countries in Southeast Asia, expanding the partnership between the two e-commerce firms.

China's Leshi Internet plans to buy finance business from affiliate for 3 billion yuan

(Reuters) - The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million) as part of a restructuring exercise.

Britain's Deliveroo raises $385 million for food fight

LONDON (Reuters) - British food delivery company Deliveroo has raised $385 million in private funding, it said on Sunday, as it prepares for expansion to help it compete with publicly traded rivals such as Delivery Hero and Just Eat.

A celebrity listing crashes Japanese exchange's party

TOKYO (Reuters) - On Japan's newest exchange, fame can pay off. That may not be so great for investors though.

Protests could derail St. Louis' bid for second Amazon hub: sources

ST. LOUIS (Reuters) - Protests in St. Louis over the acquittal of a white former policeman who killed a black man could impede the city's bid to attract Amazon.com's second headquarters, academics and business executives said.

Amazon affiliate to buy $27.6 million stake in Indian retailer Shoppers Stop

MUMBAI (Reuters) - An affiliate of Amazon.com Inc has agreed to buy a 1.79 billion-rupee ($27.6 million) stake in Indian retailer Shoppers Stop Ltd, the Indian company said in a filing.

Uber, reviving old tactic, is backed by more than 500,000 in London row

SAN FRANCISCO/LONDON (Reuters) - Half a million people have signed an online petition in under 24 hours backing Uber's bid to stay on the roads of London, showing the company is turning to its tried-and-tested tactic of asking customers for help when it locks horns with regulators.

Investor group seeks probe into SEC hack, urges data rules delay

WASHINGTON (Reuters) - A global investor group on Friday called for an independent investigation into a cyber breach at the U.S. Securities and Exchange Commission (SEC) and urged the regulator to delay new data-gathering rules until it could assure investors that its computer systems were secure.