China LeEco’s sports unit says valued at $3.5 billion after new funding round

Technology News. Comments Off on China LeEco’s sports unit says valued at $3.5 billion after new funding round

26th May

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.


Japan, South Korea drive global bitcoin prices as retail investor pile in

Technology News. Comments Off on Japan, South Korea drive global bitcoin prices as retail investor pile in

26th May

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.


Samsung Electronics to set up fund to help suppliers amid Moon’s reform push

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25th May

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.