Edition:
United Kingdom

Akanksha Rana

Exclusive: Alibaba-backed startup AutoX applies for driver-less test permit in California

04 Dec 2019

Chinese startup AutoX, backed by e-commerce giant Alibaba , has applied to test self-driving vehicles without an in-car backup driver in California, the first challenger to Alphabet Inc's autonomous driving venture Waymo to say it has done so.

China's Pinduoduo suffers $11 billion slump in value after big loss

21 Nov 2019

Chinese e-commerce firm Pinduoduo posted a much wider-than-expected quarterly loss as it fought bigger rivals with heavy subsidies, driving its shares down by nearly a quarter and wiping almost $11 billion off its value on Wednesday.

Tesla's difficult path to profit in six charts

15 Nov 2019

Tesla Inc's shares sky-rocketed on Thursday after the electric car maker surprised investors with a rare quarterly profit, and delivered a record number of cars while keeping a lid on costs.

Cisco forecast disappoints as global worries weigh on client spending

13 Nov 2019

Cisco Systems Inc on Wednesday forecast second-quarter revenue and profit below expectations as increasing global economic uncertainties kept clients away from spending more on its routers and switches.

Disney+ debut hit by tech glitches, company blames demand

12 Nov 2019

Walt Disney Co's long-awaited debut in the streaming media wars on Tuesday was hit with technical glitches that the company said were caused by higher-than-expected demand as it takes on rival Netflix Inc . | Video

Baidu beats third-quarter estimates fueled by video streaming growth; shares up

07 Nov 2019

Baidu Inc reported better-than-expected third-quarter profit and revenue as more people signed up with the company's video streaming platform iQIYI , sending the Chinese search engine company's shares up 5% after market.

Uber's quarterly loss widens as costs rise; shares fall

05 Nov 2019

Uber Technologies Inc on Monday posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures, sending its shares down 5.5% in after-hours trading. | Video

Google taps fitness tracker market with $2.1 billion bid for Fitbit

01 Nov 2019

Alphabet Inc-owned Google will buy Fitbit Inc for $2.1 billion (£1.6 billion), as the biggest Web search company looks to take on Apple and Samsung in the crowded market for fitness trackers and smart watches. | Video

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