Reuters Technology Report: August 3, 2017

Click to View in Browser Thursday, August 3, 2017 Amazon picks its first Australian warehouse, a step towards launching SYDNEY (Reuters) - U.S. retail giant Amazon.com unveiled the site of its first Australian warehouse on Thursday and named a German executive as country manager, signaling it is prepared for industrial strife in the world's 12th-biggest economy. Model 3 demand, higher revenue propel Tesla shares higher SAN FRANCISCO (Reuters) - Tesla Inc reported quarterly revenue that doubled on Wednesday and a loss that was the electric car maker's largest ever, but its shares rose after revealing more than 1,800 daily reservations for the Model 3 and predicting increased Model S deliveries in the second half of 2017. Toshiba to invest in chip line without JV partner Western Digital TOKYO (Reuters) - Toshiba Corp said on Thursday it would invest in a new memory chip production line without joint venture partner Western Digital Corp, in a counter-punch against the U.S. firm which has opposed a planned auction of the business. China's Meituan-Dianping aims to raise up to $5 billion from Tencent, others: source HONG KONG (Reuters) - Online Chinese services firm Meituan-Dianping, backed by Tencent Holdings, is in talks with prospective investors to raise up to $5 billion, likely valuing the startup at as much as $30 billion, said a person with direct knowledge of the matter. Square beats expectations on higher transactions (Reuters) - Payments company Square Inc , reported a better-than-expected 26 percent jump in quarterly revenue on Wednesday, as larger businesses used its technology to process transactions and it expanded the range of financial products it offers. BASF says disruption unlikely to be caused by cyber attack FRANKFURT (Reuters) - German chemicals company BASF said it currently had no indication that a network disruption affecting logistics at its Ludwigshafen headquarters was caused by a cyber attack. HBO conducts forensic review to understand scope of hack (Reuters) - HBO's chief said on Wednesday that the company is conducting a forensic review of its computer systems to better understand the scope of a cyber attack that surfaced over the weekend. New website aims to track Russian-backed propaganda on Twitter SAN FRANCISCO (Reuters) - A website launched on Wednesday seeks to track Russian-supported propaganda and disinformation on Twitter, part of a growing non-governmental effort to diminish Moscow's ability to meddle in future elections in the United States and Europe. Fitbit tops revenue estimates, expects smartwatch for holiday season (Reuters) - Wearable device maker Fitbit Inc reported a smaller-than-expected drop in quarterly revenue on Wednesday, and said it was on track to launch its much-awaited smartwatch for the holiday season. Symantec raises FY revenue forecast above estimates (Reuters) - Symantec Corp raised its full-year adjusted revenue forecast above analysts' estimates as the cyber security provider benefits from strong demand in its enterprise division. Related Video Amazon splurging on video Futureproof, China's Silicon Valley Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook