Business

Chinese regulator orders Ant Group to conduct major overhaul

Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms.

Business

Deliveroo trims value of London IPO on volatility

App-driven meals delivery firm Deliveroo on Monday trimmed the anticipated value of this week's planned London stock market flotation, citing global markets volatility.

Business

Online review platform Trustpilot chooses London for IPO

Online review platform Trustpilot said Monday it plans to sell shares in London, in a stock offering that helps shore up the city's status as a financial hub and destination for tech companies after Brexit.

Energy & Green Tech

Biden's auto dilemma: How hard to push for electric cars?

After four years of bitter fighting, California and the federal government agree they need to set ambitious climate goals, and major automakers are increasingly betting that the future of their business lies with electric ...

Automotive

Daimler to spin off trucks, change name to Mercedes-Benz

German automaker Daimler will split itself into two independent companies by spinning off its truck and bus division, a move the company said would give both the freedom to operate more nimbly in a fast-changing environment ...

Business

Qualtrics goes public 2 years after being bought by SAP

Business software provider Qualtrics went public Thursday two years after German giant SAP bought the company for $8 billion, marking the latest achievement for the company that has become one of the crown jewels of a technology ...

Business

Chipmaker Intel Corp. blames internal error on data leak

The computer chipmaker Intel Corp. on Friday blamed an internal error for a data leak that prompted it to release a quarterly earnings report early. It said its corporate network was not compromised.

Energy & Green Tech

EVgo latest in hot US electric auto sector to publicly list

California-based EVgo is set to join the parade of companies jumping on public equity markets following a transaction announced Friday to raise $575 million to accelerate the build-out of electric charging stations in the ...

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