It is also a vote of confidence in China's economy by Alibaba Chairman Jack Ma, who has said investors should not overreact to his country's slowing growth. Youku Tudou's American Depositary Shares rose 10 percent to $26.80 in premarket trading on Friday, below Alibaba's offer of $27.60 per ADS. Alibaba held 18.3 percent of Youku Tudou as of Oct
Read moreBy Deborah M. Todd SAN FRANCISCO (Reuters) – YouTube announced two new features Thursday for its Android app that expand the video site's use of virtual reality, giving the new technology its biggest platform yet. The app now supports VR video – a format that gives viewers what the company says are more realistic 360-degree perspectives of films.
Read moreA Chinese regulator has formally accepted a request by JD.com, the country's second-biggest online retailer, to investigate its rival Alibaba Group Holding Ltd for possible unfair practices during promotions, JD.com's official microblog said on Thursday. Alibaba, China's biggest e-commerce firm, has previously denied accusations outlined in a JD.com letter to the State Administration for Industry and Commerce (SAIC) in the run-up to Nov
Read moreA Chinese regulator has formally accepted a request by JD.com, the country's second-biggest online retailer, to investigate its rival Alibaba Group Holding Ltd for possible unfair practices during promotions, JD.com's official microblog said on Thursday. Alibaba, China's biggest e-commerce firm, has previously denied accusations outlined in a JD.com letter to the State Administration for Industry and Commerce (SAIC) in the run-up to Nov. 11 'Singles' Day' promotions, the biggest online shopping day of the year in China
Read moreIran's Revolutionary Guards stepped up hacking of email and social media accounts of Obama administration officials in recent weeks in cyber attacks believed linked to the arrest of an Iranian-American businessman in Tehran, the Wall Street Journal reported on Wednesday. The newspaper, citing unnamed U.S.
Read moreBy Noel Randewich SAN FRANCISCO (Reuters) – Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors. A potential move below $68 would make China's largest e-commerce firm the second high-profile tech company to fall below its IPO price this week after Twitter Inc on Thursday dropped below its 2013 IPO price.
Read moreChina will increase support for cross-border e-commerce as the world's second-largest economy shifts from manufacturing to higher-value services, the government said.
Read moreA half century ago in this deeply southern city, a racially motivated attack on a black church left four young girls dead and helped galvanize a civil rights movement that changed voting laws across the United States. For those with ties to that deadly event, Wednesday’s shootings in a historic black church in Charleston, South Carolina, another deeply southern city 400 miles (644 km) distant, echoed the tragedy and compounded the frustration that more progress has not been made. “It definitely brought back memories,” said Lisa McNair, 50, the niece of one of the girls who died in the 1963 bombing of the 16th Street Baptist Church, which happened before McNair was even born.
Read moreBy Joseph Menn SAN FRANCISCO (Reuters) – The Chinese hacking group suspected of stealing sensitive information about millions of current and former U.S. government employees has a different mission and organizational structure than the military hackers who have been accused of other U.S.
Read moreBy Paul Carsten BEIJING (Reuters) – Alibaba Group Holding Ltd said it had a range of measures to fight counterfeits on its websites – remarks that come after a trade group requested U.S. government help in prodding the Chinese e-commerce giant into action against fake goods. In the latest flare up over the issue, the American Apparel & Footwear Association (AAFA) said in an April 8 letter to U.S
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