HONG KONG (Reuters/IFR) – China’s Lufax aims to raise up to $2 billion in fresh funding, valuing one of the country’s largest online wealth management platforms at $40 billion, as it opts for private investment ahead of a delayed listing, said people familiar with the deal.
LONDON (Reuters) – British online retailer Boohoo said its combination of fast fashion at low prices had got the group off to a strong start to the year, confirming its position as one of the winners in a brutal retail market.
YANGON (Reuters) – Myanmar’s hardline monks will dodge bans on Facebook and keep using it to “tell the truth”, they said on Friday, after the social media giant barred several Buddhist nationalists for hate messages targeting Rohingya Muslims.
WASHINGTON (Reuters) – Chinese government hackers compromised the computers of a U.S. Navy contractor and stole a large amount of highly sensitive data on undersea warfare, including plans for a supersonic anti-ship missile for use on U.S. submarines, the Washington Post reported on Friday, citing unnamed U.S. officials.
(Reuters) – British regional newspaper publisher Johnston Press Plc said European changes to data privacy rules were hitting its online advertising revenue, hammering its shares and threatening the one area of reliable growth for the industry.
LUXEMBOURG (Reuters) – The operator of a fan page on Facebook is also responsible for protecting visitors’ personal data and cannot hide behind the social network, the European Union’s highest court ruled on Tuesday.