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Deutsche Telekom to stick to multi-vendor strategy

Deutsche Telekom to stick to multi-vendor strategy

FRANKFURT (Reuters) – Deutsche Telekom on Wednesday declined to comment on a magazine report that it would phase out some equipment from Chinese vendor Huawei Technologies [HWT.UL] over time, saying only that it relies on multiple network providers. Business weekly Wirtschaftswoche reported earlier, citing company sources, that Deutsche Telekom would swap Huawei components out of [...]

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China’s Pinduoduo posts bigger loss as costs surge; shares tumble

China’s Pinduoduo posts bigger loss as costs surge; shares tumble

(Reuters) – China’s Pinduoduo Inc reported a bigger-than-expected quarterly loss on Wednesday due to higher operating expenses, sending the e-commerce company’s shares down 13% before the opening bell. The company was started just four years ago but has been described by analysts as a disruptor to the dominance of Alibaba Group Holding Ltd’s Taobao and [...]

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Roughly $400 million of Ripple tokens tied to illegal activity: Elliptic

Roughly $400 million of Ripple tokens tied to illegal activity: Elliptic

NEW YORK (Reuters) – About $400 million of XRP tokens, the currency for the Ripple payment network, is tied to illegal transactions, according to findings released on Wednesday by London-based Elliptic, a provider of risk management systems for the cryptocurrency industry. The $400 million is equivalent to about 30% of XRP’s market capitalization of around [...]

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