Technology News (Reuters)

Chinese online education platform Yuanfudao said on Tuesday it has raised $1 billion in a new financing round, led by Tencent Holdings and private equity firm Hillhouse Capital Group.

Samsung Electronics Co Ltd said on Tuesday that one of its chip factory workers in South Korea had tested positive for coronavirus, but its output has not been affected.

Activist investor Starboard Value LP has built a stake in U.S. data protection and data management software company Commvault, saying in a regulatory filing that it felt the shares were undervalued when it purchased them.

Spain will delay a planned auction of 5G spectrum due to the coronavirus outbreak, the government said on Monday.

Germany hopes to launch a smartphone app within weeks to help trace coronavirus infections, after a broad political consensus emerged that adopting an approach pioneered by Singapore can be effective without invading people's privacy.

China's Geely Automobile Holdings Ltd said on Monday 2020 may be one of its toughest years yet, as pressure stemming from the coronavirus outbreak on production and sales persists.

Facebook Inc on Monday pledged $100 million in financing and advertising spending to support news organizations, including local publishers in the United States, reeling from pressure due to the coronavirus pandemic.

Chinese automaker BAIC Group and ride-hailing service provider Didi Chuxing plan to team up with other industry players to lease BAIC's cars to customers amid concerns about ride hailing and vehicle sharing eating into car sales.

China's Geely Automobile Holdings Ltd said on Monday lower sales drove its 2019 net profit down 35%, as China's overall auto market suffered a prolonged slump last year.

Britain's big telecoms providers have agreed to remove all data caps on fixed-line broadband services that have become a lifeline for people isolated at home during the coronavirus crisis, the government said on Sunday.

Amazon.com Inc is offering higher pay to recruit its own warehouse employees to pick and pack Whole Foods groceries amid rising demand and a worker shortage, according to an internal document reviewed by Reuters.

Microsoft Corp on Friday said it would sell its stake in AnyVision, an Israeli facial recognition startup, and said it no longer would make minority investments in companies that sell the controversial technology.

As China reopens its economy after months of lockdown, Apple Inc's iPhone factories are largely up and running. But with the coronavirus pandemic spreading across the world, the urgent question for the company is how many buyers there will be both for current models and the new slate of phones expected in the fall.

Alphabet Inc will donate more than $800 million in funds towards producing medical supplies used to fight COVID-19, and in ad credits to government and health organizations and businesses, Chief Executive Officer Sundar Pichai said on Friday.

Some lower-paid U.S. workers could effectively get a short-term raise if they lose their jobs during the coronavirus crisis, thanks to government computer systems that rely on 1950s-era technology.

Apple Inc and the White House said on Friday that the iPhone maker worked with the Trump administration and federal agencies to release an app and website that will direct users to guidance from the Centers for Disease Control on the disease caused by the coronavirus.

Senior officials in the Trump administration agreed to new measures to restrict the global supply of chips to China's Huawei Technologies, sources familiar with the matter said, as the White House ramps up criticism of China over coronavirus.

Cognizant Technology Solutions Corp will pay an extra 25% of base pay to some employees in India and the Philippines as a majority of its offshore workforce work from home amid the coronavirus pandemic, taking on extra work, Chief Executive Officer Brian Humphries said.

Chinese ride hailing giant Didi Chuxing said on Friday it would restart its evening Hitch service in some cities, with improved safety features and more rigorous driver and passenger verification procedures.

Mobile operator Vodafone said on Friday it would introduce 30-days free access to unlimited mobile data for half a million of its Pay Monthly customers and upgrade the contracts for those who are flagged as vulnerable.