Uber to enter 100 more Chinese cities in next 12 months: CEO

U.S. ride-hailing service Uber Technologies Inc [UBER.UL] will enter 100 more Chinese cities over the next year, doubling a previous goal set just three months ago, Chief Executive Travis Kalanick said on Tuesday. Uber's China unit currently operates in almost 20 cities, Kalanick said at an event in Beijing held by Uber investor Baidu Inc .

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Baidu profit weighed down by offline mobile services push

(Reuters) – Baidu Inc's quarterly profit missed analysts' estimates as China's biggest Internet search company spent heavily to diversify away from its core search advertising business, which is becoming less profitable and more competitive.

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Canadian venture capital, private equity deals surge in 2015

By Euan Rocha TORONTO (Reuters) – Deal-making activity in Canada’s venture capital and private equity arena surged in the first half of 2015, driven by a spate of financings in the tech start-up space and large investments in energy assets, data from Thomson Reuters showed on Monday. The data indicates there was C$636 million ($488.48 million) in venture capital invested in 143 deals in the second quarter, a sum that was 15 percent higher than that invested by VC firms in the first quarter. This propelled VC investments in the first half of this year to C$1.19 billion, a 33 percent increase from the first half of last year and the strongest first half for VC funding in Canada since 2002.

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China censorship sweep deletes more than 60,000 Internet accounts

Some of China's largest Internet companies deleted more than 60,000 online accounts because their names did not conform to regulations due to take effect on Sunday, the top Internet regulator said.

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School math answers only a scan away with Croatian app

By Zoran Radosavljevic ZAGREB (Reuters) – Damir Sabol, Croatian computer expert and entrepreneur, was helping his son with his maths homework when he had an idea. “I found it a bit tedious, all those additions and multiplications, so I reckoned, 'We already have intelligent software, why not make it deal with maths?'” Sabol said

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U.S. Internet providers hit with tougher rules, plan challenges

By Alina Selyukh WASHINGTON (Reuters) – U.S. regulators on Thursday approved the strictest-ever rules on Internet providers, who in turn pledged to battle the new restrictions in the courts and Congress, saying they would discourage investment and stifle innovation. Experts expect the industry to seek a stay of the rules, first at the FCC and then in courts, though the chances for success of such an appeal is unclear.

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