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Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion - sources

HONG KONG Chinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.

Recent Technology News

Tesla moves a step closer to building electric cars in China

Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government.

4:52pm BST

Foxconn to continue to pursue Toshiba chip unit acquisition: Sharp CEO

TAIPEI Taiwan's Foxconn will continue to pursue an acquisition of Toshiba Corp's chip business, a day after the troubled conglomerate chose a rival suitor as the preferred bidder, the head of Foxconn's Japanese unit said. | Video

Deals, Japan 1:41pm BST

Europe sets sights on cheap rocket engine by 2030s

PARIS Europe aims to develop a low-cost, reusable rocket engine for use after 2030 under a deal between Airbus Safran Launchers and the European Space Agency (ESA).

2:35pm BST

Facebook to keep wraps on political ads data despite researchers' demands

SAN FRANCISCO Facebook said it would not disclose information about political campaign advertising or related data such as how many users click on ads and if advertising messages are consistent across demographics, despite arguments from political scientists who want the data for research.

12:41pm BST

Civic sells $33 million in digital currency tokens in public sale

NEW YORK U.S. startup Civic has sold $33 million in digital currency tokens for its identity verification project in a public sale, the company's co-founder and Chief Executive Vinny Lingham told Reuters.

4:31pm BST

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