Shenzhen-based Tencent, which owns the popular messaging app WeChat, will hold about a quarter of a new subsidiary.

Start-up social media firms are looking to capitalise on dissatisfaction with the social media giants.

Shares in technology firms have both fallen and risen sharply over the past year.

Robo-taxi services and driverless trucks are gaining ground but progress is painstaking.

The tech giant confirmed it had "reached a resolution" but rejected the allegations made against it.

The reserve will hold cryptocurrency forfeited to the government in criminal or civil proceedings, said the White House.

Despite opposition investors are still looking at deep-sea mining technology.

Andrew Bailey says he is "following closely" whether Trump will change US support for the institutions.