Alibaba Group Holding Ltd is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services. The investment values the company at around $15 billion, according to Bloomberg, citing people familiar with the situation as saying.
Read moreBy Joseph Menn and Edwin Chan SAN FRANCISCO (Reuters) – Apple Inc's iTunes and App Store came back online on Wednesday afternoon after an unusually long service disruption that the company blamed on an internal technical error. Apple updated its status page at 5:04 pm ET to show that the disrupted services, including the Mac App Store and iBooks, were now functioning normally. The App Store and iTunes are a source of pride for the world's largest tech company and form the centerpiece of its mobile user experience.
Read moreBy Brenda Goh SHANGHAI (Reuters) – A Chinese government push to promote e-commerce has created a host of online retail rivals for Alibaba Group Holding Ltd and Amazon.com Inc catering to shoppers' fears about the quality and safety of local everyday goods.
Read moreBy Adam Jourdan HANGZHOU China (Reuters) – E-commerce giant Alibaba Group Holding Ltd reported more than $9 billion in sales on China's Singles' Day on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calendar.
Read moreBy Paul Sandle LONDON (Reuters) – SurveyMonkey, an internet company that enables people to poll friends, colleagues and customers, is bringing its professional polling service to Britain, marking its first foray for the product in Europe. Launched a couple of years ago in the United States, SurveyMonkey Audience has a 4.5 million strong panel ready to answer questions. It is used by companies to get feedback on new products or on ads
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