Alibaba co-founder Jack Ma to retire: New York Times
(Reuters) – Alibaba Group Holding Ltd’s (BABA.N) co-founder and executive chairman, Jack Ma, will retire from the e-commerce company on Monday, as the former English teacher seeks to focus on…
Department of Justice looks into social media firms over free speech
WASHINGTON (Reuters) – The Justice Department said on Wednesday it has convened a meeting with state attorneys general to discuss concerns that social media platforms were “intentionally stifling the free…
Facebook, Twitter face U.S. Congress over foreign bids to tilt politics
WASHINGTON (Reuters) – Top executives from Facebook Inc (FB.O) and Twitter Inc (TWTR.N) will defend their companies in the U.S. Congress on Wednesday over what lawmakers see as a failure…
JD.com’s CEO was arrested on allegation of rape: police
MINNEAPOLIS/SHANGHAI (Reuters) – The CEO of Chinese online retail giant JD.com Inc, Richard Liu, was arrested in Minneapolis last week following an allegation of rape, according to a public information…
Didi woman passenger killed amid China ride-hailing safety concerns
BEIJING (Reuters) – A ride-sharing passenger in the eastern Chinese city of Wenzhou was raped and killed by a driver for China’s largest ride-hailing firm, local police said on Saturday,…
HP Inc quarterly profit jumps 26 percent
(Reuters) – HP Inc (HPQ.N), which houses the hardware business of former Hewlett-Packard Co, reported a 26.4 percent rise in quarterly profit on Thursday, due to strength in its personal…
Alibaba revenue beats, but investments prolong margin squeeze
BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N), China’s biggest e-commerce firm, topped first-quarter revenue estimates on Thursday, but said investments in its food delivery business would continue to weigh…
Tribune Media files suit, terminates Sinclair merger deal
(Reuters) – Tribune Media Co (TRCO.N) said on Thursday it had terminated a $3.9 billion deal to be acquired by Sinclair Broadcast Group (SBGI.O) and was suing Sinclair for breach…
Viacom shares gain as ‘Mission Impossible’ powers Paramount
(Reuters) – Viacom Inc’s (VIAB.O) quarterly profit beat analysts’ estimates and the media company forecast a strong current quarter, boosted by the success of its movie “Mission: Impossible – Fallout”.…
Tesla explores building Gigafactory in Europe: Wall Street Journal
(Reuters) – Tesla Inc is in talks with authorities in Germany and the Netherlands to build its first major European factory, the Wall Street Journal reported on Monday, citing officials…