By Paul Carsten and Engen Tham BEIJING/SHANGHAI (Reuters) – China's No. 2 e-commerce firm JD.com Inc is launching a Chinese consumer credit data system as a joint venture with U.S.
Read moreLouisiana Governor and U.S. presidential candidate Bobby Jindal caused a Twitter storm of jokes and insults in India on Thursday after he said he dislikes being called an Indian-American. Republican Jindal is the first person of Indian origin to join the U.S
Read moreBy Paul Carsten and John Ruwitch SHANGHAI/BEIJING (Reuters) – E-commerce giant Alibaba Group Holding Ltd is an underdog in the global cloud computing industry, but it has one thing going for it: it's Chinese. Alibaba this week scored a minor deal with China's northeastern port city of Dalian to build a cloud computing center and provide online government services such as bill payment
Read moreBy Andrea Shalal PARIS (Reuters) – U.S. weapons industry executives say they are disappointed and frustrated about a massive U.S. cyber breach that exposed sensitive information about millions of Americans, including many thousands who work on high-security arms projects.
Read moreBy Paul Carsten and John Ruwitch SHANGHAI/BEIJING (Reuters) – E-commerce giant Alibaba Group Holding Ltd is an underdog in the global cloud computing industry, but it has one thing going for it: it's Chinese. Alibaba this week scored a minor deal with China's northeastern port city of Dalian to build a cloud computing center and provide online government services such as bill payment
Read moreBy Saqib Iqbal Ahmed NEW YORK (Reuters) – Dick Costolo's decision to step down as Twitter Inc's chief executive last week failed to stem the weeks-long slide in the company's shares, but options traders appear to be betting on a near-term rebound. The stock has shed more than a third of its value since Twitter reported first-quarter results in April
Read moreSaudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, has no plans to invest in Snapchat, a source familiar with the matter told Reuters on Thursday. The meeting, in which Snapchat Chief Executive Evan Spiegel and chief strategy officer Imran Khan were present, triggered speculation that Alwaleed may take part in Snapchat's new funding round that has already seen Alibaba Group Holding invest $200 million — giving the Los Angeles-based firm a valuation of around $15 billion.
Read moreBy Yasmeen Abutaleb and Jennifer Saba RANCHOS PALOS VERDES, Calif./NEW YORK (Reuters) – Live streaming-video app Periscope and media companies are discussing how to address piracy on the new service, but Periscope says technological fixes many programmers want are difficult to do in real time.
Read moreBy Christine Kim SEOUL (Reuters) – The founder of Alibaba Group Holdings Ltd on Tuesday called “regrettable” a lawsuit by a group of luxury goods firms owned by Kering SA accusing the Chinese e-commerce giant of being a conduit for counterfeiters. Executive Chairman Jack Ma was speaking after Gucci, Yves Saint Laurent and other brands owned by Kering sued Alibaba in the United States on Friday, accusing it of knowingly making it possible for counterfeiters to sell their products throughout the world. Ma also said Alibaba was interested in investing in U.S
Read moreBEIJING/SHANGHAI (Reuters) – Wanda Group's Wang Jianlin and an investment firm founded by Alibaba Group Holding Ltd's Jack Ma took part in a 800 million yuan ($129 million) funding round for a little-known sports entertainment company backed by local tech firm LeTV. The funding, conducted in two parts, valued LeTV Sports at about 2.8 billion yuan ($451.37 million), Leshi Internet Information & Technology Corp Beijing (LeTV) said in a statement on Wednesday.
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