Chinese internet giant Tencent buys 5% of Tesla

Tencent, Asia’s second highest valued tech firm, has bought a five percent share in Tesla. According to a filing, the Chinese firm scooped up 8,167,544 shares for around $1.7 billion to become one of Tesla’s largest shareholders.The purchase was arrange on March 17,...

Uber to pull out of Denmark, blaming new taxi law

Uber says is will pull out of Denmark next month, on April 18, after the government agreed a new taxi law that introduces additional requirements such as mandatory fare meters and seat sensors.While traditional cabs are likely already kitted out with the required...