Technology News


ZTE stock surges as U.S. supplier ban lifted though outlook remains uncertain

Investors on Monday cheered the lifting of a U.S. supplier ban on China’s ZTE Corp , pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business.


Mantis Vision raises $55 million in round led by Luenmei, Samsung

Israeli high-tech firm Mantis Vision, which provides 3D content capture and sharing technologies, said on Monday it raised $55 million in a round led by China-based Luenmei Quantum Co and Samsung Catalyst Fund.


Rolls-Royce plans for take-off in flying taxi market

British jet engine maker Rolls-Royce has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early next decade.


China auto firms to set up ride-sharing platform

Chinese firms FAW Group, Dongfeng Automobile and Chongqing Changan Automobile have set up a venture to establish a ride-sharing platform, Changan said on Saturday, creating the kind of service pioneered by Uber.


Facebook, Twitter, Alphabet to testify at U.S. House hearing

The U.S. House Judiciary Committee will hold a hearing on Tuesday to take testimony from Facebook Inc, Alphabet Inc’s YouTube unit and Twitter Inc on whether social media companies are filtering content for political reasons, the committee chairman said.


U.S. lifts ban on suppliers selling to China’s ZTE

The U.S. Department of Commerce on Friday lifted a ban on U.S. companies selling goods to ZTE Corp, allowing China’s second-largest telecommunications equipment maker to resume business.