Google to launch Chinese version of Google Play smartphone app store next year


Google, part of Alphabet Inc, aims to launch the China version of its Google Play smartphone app store next year, according to people familiar with the matter, its first major foray in the market since ending localized product support in 2010. The Google Play app store would be set up specifically… Read more »

Airbnb raises over $100m in fresh round of funding

Apartment-sharing startup Airbnb Inc has raised over $100 million in a new round of funding, a source close to the company said. Airbnb, once a startup selling cereal, expects to achieve profitability in 2016, the source said. Airbnb revenue doubled to $340 million in the third quarter on bookings of… Read more »

Laurene Powell Jobs lead backer for News Corp’s digital education biz Amplify

Laurene Powell Jobs, widow of Apple Inc co-founder Steve Jobs, is the lead investor who funded the buyout of News Corp‘s money losing digital education business Amplify earlier this year. A representative for Powell Jobs‘ organization, the Emerson Collective, confirmed the investment in Amplify but would not specify how much of… Read more »

Towers Watson amends merger terms to get shareholders on board for $18b deal with Willis

Towers Watson & Co and Willis Group Holdings amended their merger agreement to more than double the special dividend for Towers Watson shareholders, who have rejected a proposed $18 billion merger between the two financial companies. Financial services provider Towers Watson‘s shareholders will now get a one-time cash dividend of $10.00… Read more »

Intel could move drone R&D outside U.S. to avoid ‘prescriptive’ regulations

Intel Corp could relocate its drone research and development operations overseas if the federal government adopts an “overly prescriptive” approach to unmanned aerial systems technology, an Intel executive told U.S. lawmakers on Thursday. “A federal government approach that is overly prescriptive regarding the deployment of new hardware and software will… Read more »

Tinder-owner Match debuts 24% higher on listing, valuing co at $3.57b

Shares of media mogul Barry Diller’s MatchGroup Inc the owner of popular dating site and mobile app Tinder, jumped as much as 24 percent in their market debut on Thursday, valuing the company at $3.57 billion. Match Group, which touts itself as the world’s No. 1 dating company, is seen… Read more »

Tech startup Square counters negative sentiment to soar 64% on market debut

Shares of Square Inc, the mobile payments company co-founded and still run by Twitter Inc Chief Executive Jack Dorsey, soared as much as 64 percent in their market debut, following a marked-down initial public offering, countering the negative sentiment that has nagged at Silicon Valley startups in recent weeks. The… Read more »

VMware co-founder Diane Greene to head Google’s cloud push

Google Inc, a unit of Alphabet Inc said it appointed VMware Inc co-founder and industry veteran Diane Greene to run its cloud business, as CEO Sundar Pichai pushes ahead with efforts to gain share in the fast-growing market. Pichai has made selling cloud storage space to enterprises a growing priority for… Read more »

LG Electronics developing own mobile payments system LG Pay

LG Electronics Inc said on Thursday it signed an agreement to develop its own mobile payment service called LG Pay. LG, which signed the agreement with South Korea’s largest and second-largest credit card firms Shinhan Card Co Ltd and KB Kookmin Card Co Ltd, did not give a timetable or… Read more »

Activist investor Starboard asks Yahoo to halt plan to sell stake in Alibaba

Yahoo Inc shareholder Starboard Value LP has urged the online media company to halt the plan to sell its stake in Alibaba Group Holdings Ltd due to the risk of incurring taxes on the sale, the Wall Street journal reported. The activist investor instead wants Yahoo to sell its struggling… Read more »