Reuters Technology Report: Tencent's stellar share rally sees it surpass Facebook in market value

Click to View in Browser Tuesday, November 21, 2017 Tencent's stellar share rally sees it surpass Facebook in market value HONG KONG (Reuters) - Tencent Holdings Ltd has racked up some impressive gains this week - becoming the first Chinese firm to be worth more than $500 billion and surpassing Facebook to be the world's fifth-most valuable company. SoftBank funding may spur Uber to re-think tough Southeast Asian market SINGAPORE(Reuters) - SoftBank Group's multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say. Phones for urns: Hong Kong turns to virtual reality to honor ancestors HONG KONG (Reuters) - A lack of space for cemeteries in crowded Hong Kong clashes with the age-old Chinese tradition of reverence for one's ancestors. Bitcoin hits record high after smashing through $8,000 for first time LONDON (Reuters) - Bitcoin hit a new record high on Monday after smashing through the $8,000 level for the first time over the weekend, marking an almost 50 percent climb in just eight days. CBS warns of blackout in dispute with Dish NEW YORK (Reuters) - CBS Corp said on Monday that satellite television provider Dish Network Corp could black out its programming, including holiday weekend sports events, if the companies fail to resolve a dispute over the fees Dish pays to carry its content. Tencent on global path as it surpasses Facebook in valuation HONG KONG (Reuters) - China's biggest social network and gaming firm Tencent Holdings, which last week reported forecast-beating quarterly results, is close to making Malaysia the first foreign country to roll out its WeChat ecosystem, an executive told Reuters. Marvell Technology to buy rival chipmaker Cavium for $6 billion (Reuters) - Chipmaker Marvell Technology Group Ltd said on Monday it would buy smaller rival Cavium Inc for about $6 billion, as it seeks to expand its wireless connectivity business in a rapidly consolidating semiconductor industry. Volvo Cars to supply Uber with up to 24,000 self-driving cars STOCKHOLM/SAN FRANCISCO (Reuters) - Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars. Uber fights proposed rule in Mexico's Cancun barring cash fares MEXICO CITY (Reuters) - Uber Technologies Inc, which has been facing a wave of regulations in Latin America, is fighting proposed rules in Cancun that the ride-hailing service says could drive it out of the top Mexican beach resort. Bipartisan Harvard panel recommends hacking safeguards for elections SAN FRANCISCO (Reuters) - A bipartisan Harvard University project aimed at protecting elections from hacking and propaganda will release its first set of recommendations today on how U.S. elections can be defended from hacking attacks. Related Video Hong Kong turns to virtual reality to honour ancestors Engineers get the feeling for robotic fingers Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook