technologies

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By Paul Carsten and Engen Tham BEIJING/SHANGHAI (Reuters) – Uber Technologies Inc's China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition. Investors in Uber's Chinese unit include Internet giant Baidu Inc, China CITIC Bank Corp Ltd and China Life Insurance Co Ltd, among others, said one of the people, requesting anonymity because they were not authorized to discuss the matter publicly. Chinese financial conglomerate Ping An Group's investment arm and Hillhouse Capital, which has a stake in the main U.S.-based Uber business, also took part, the person said.

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Huawei Technologies Co Ltd [HWT.UL], one of the world's largest telecom equipment makers, on Monday posted a 30 percent increase in first-half revenue to 175.9 billion yuan ($28.3 billion) and said it would achieve “effective growth” in 2015. The Shenzhen-based company, which competes with Sweden's Ericsson for the top spot in the global market for communications towers and other infrastructure, posted an operating margin of 18 percent in the first six months of 2015, compared with 18.3 percent in the previous half-year. The private company did not elaborate in its brief statement.

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Uber Technologies will suspend its UberPOP ride-hailing service in France, the U.S. company said on Friday, after it faced often-violent protests and local authorities denounced it as an illegal taxi service. After fierce protests last week by licensed French taxi drivers who argue it threatens their livelihood with unfair competition, France took two executives from California-based Uber into custody and said they will face trial in September. France's legal clampdown was the latest setback for Uber in Europe.

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By Jonathan Stempel (Reuters) – A federal judge rejected Uber Technologies Inc's bid that it not be required to disclose emails from Chief Executive Travis Kalanick in a California lawsuit accusing the popular ride-booking service of deceiving customers about how it shares tips with drivers. U.S. District Judge Edward Chen's order in San Francisco was the latest setback for Uber, which has drawn criticism around the globe over whether its service complies with local licensing and safety laws and whether its drivers have been adequately vetted. Chen said a Nov. 26 ruling by U.S.