BEIJING/SHANGHAI (Reuters) – Chinese tech conglomerate LeEco’s sports unit said it completed a new round of funding that valued it at 24 billion yuan ($3.50 billion) and that its investors will form a new committee to supervise its finances.
HONG KONG (Reuters) – Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday.
SEOUL (Reuters) – Samsung Electronics Co Ltd said it would set up a 500 billion won ($445 million) fund to help small suppliers, the highest-profile South Korean firm to unveil steps in the wake of new President Moon Jae-in’s call to protect small businesses.
SHANGHAI (Reuters) – China’s police have arrested 44 people over a scam which saw many as 93,000 people contribute start-up capital to “unfreeze” assets smuggled overseas when the Nationalist government was overthrown in 1949, police authorities said late on Thursday.
CAMBRIDGE, Mass. (Reuters) – Facebook founder Mark Zuckerberg returned on Thursday to Harvard University, the school he dropped out of to start the pioneering social network, to urge its graduating class to help create a new social safety net to allow creative risk-taking.
MEXICO CITY (Reuters) – Giant Motors, an automaker partially owned by Mexican billionaire Carlos Slim, is working on a prototype electric taxi to replace the gas-guzzling cabs polluting Mexico City’s air, a company executive said.