Reuters - Technology Report

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Monday, April 1, 2019

China calls on New Zealand to provide fair investment environment

Chinese Premier Li Keqiang called on New Zealand on Monday to ensure a fair investment environment, as he meet Prime Minister Jacinda Ardern whose country has rejected a bid by Chinese telecom giant Huawei to build a 5G mobile network.

China drone maker EHang delays IPO plan, eyes private funding: sources

Chinese drone maker EHang has delayed plans for a U.S. initial public offering (IPO) and is instead looking to raise up to $200 million in a private fundraising, two people with direct knowledge of the matter told Reuters.

Facebook removes accounts linked to Pakistani military employees

Facebook has removed 103 pages, groups and accounts that were part of a network it said was linked to employees of the Pakistani military's public relations arm, the social media group announced on Monday.

Facebook says removed pages linked to India's Congress party ahead of polls

Facebook Inc said on Monday it was removing 687 pages and accounts linked to India's main opposition Congress party, just days before voting begins in a general election, because of "coordinated inauthentic behaviour" on the social media platform.

U.S. family tracking app Life360 seeks investors for Australia IPO

U.S. family tracking app operator Life360 has begun approaching potential investors for a listing in Sydney, fund managers said on Monday, valuing the company at up to $675 million in what could be Australia's biggest technology IPO in three years.

Airbnb invests in Indian start-up OYO's series E funding round

Home-renting company Airbnb has invested in Indian hotel reservation start-up OYO's series E funding round, as it dives deeper into the hotel-booking business.

Rakuten says to book $990 million gain on Lyft investment

Japan's Rakuten said on Monday it will book a 110 billion yen ($989.74 million) gain in the quarter through March on its investment in Lyft following the U.S. ride-hailing firm's listing last week.

South Korea's burned out millennials choose YouTube over Samsung

Yoon Chang-hyun's parents told him to get his sanity checked when he quit his secure job as a researcher at Samsung Electronics Co in 2015 to start his own YouTube channel.

Samsung C&T, Samsung Electronics almost double cost of finishing new chip line

Samsung C&T Corp and Samsung Electronics Co Ltd have almost doubled the size of a contract related to the construction of a semiconductor production line, taking the project's total cost to 1.46 trillion won ($1.29 billion).

Troubled Apple supplier Japan Display to seek funding, shares surge

Apple supplier Japan Display Inc said on Monday it aims to raise as much as $990 million in new financing as early as this week, sending shares of the struggling manufacturer sharply higher.