Amazon.com Inc's Chinese joint venture was also reportedly in talks about a merger with Kaola.
IPOs & Markets
The online retailer's upbeat results provided a bright spot in China's e-commerce industry and wider tech sector which is slowing down after years of
SoftBank has secured investments from Goldman Sachs, Standard Chartered and is in talks with Microsoft.
The move comes amid rising competition for providing cutting-edge semiconductors for use in 5G telecommunications equipment.
California-based CNEX is developing technology to enhance the performance of solid-state drives in data centers.
In August, Uber said it would create a standalone business out of its long-haul trucking business.
Mosseri was named as Instagram’s head of product in May. He began as a designer at Facebook and most recently led its news feed.
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