Facing an investigation by the Securities and Exchange Commission, Alibaba saw its shares tumble 6.8 percent on May 25, Wednesday, the biggest drop since January.
The Google vs. Oracle federal case resulted in a jury deciding on May 26, Thursday that the Alphabet company's Android operating system did not break the database giant's copyrights. After three days of closed-door talks the jury made the conclusion that Google's use of 37 Java application program interfaces (APIs) was protected by "fair use."
China's debt distress becomes more evident in front of its foreign investors, as more signs of missing corporate stamps and mixed-up assets are discovered. Foreign investors may stop their transactions in the country if the bizarre happenings continue.
A report from the Bloomberg Billionaires Index revealed that the growing demand for meat in China has been causing an immense financial growth for animal feed providers.
Existing facilities of Dalian Wanda Group may pose a challenge that could make it difficult for Shanghai Disney Resort to turn a profit even in two decades, the conglomerate's Chairman Wang Jianlin said in a program hosted by China Central Television (CCTV).
Microsoft has followed Facebook and Google in taking steps to expand global Internet access in developing countries. It announced on May 24, Tuesday that its Affordable Access Initiative had awarded grants to 12 businesses for providing low-cost web connectivity. The 11 countries represented are located on five continents including Asia, Africa, Europe and the Americas.
China’s theme park industry is booming as the country’s middle class expands, leading to a shift in preferences.
Yahoo could soon end its being an independent company, but a decade ago it was in fact tied with Google in the battle for the Internet. Since then Google has become one of the world's largest companies in terms of market value, which followed the companies' fortunes going in two different directions.
Uber's chief rival in China Didi Chuxing wants to take the competition to the next level as it seeks to gain an even larger portion of the ride-sharing market.
Microsoft has teamed up with NetEase by giving the company an exclusive deal to sell Minecraft in China. The country's video game industry is the world's biggest market and is worth an estimated $24.4 billion this year. Microsoft's subsidiary Mojang has issued a 5-year license for NetEase to distribute PC and mobile versions of the popular sandbox game.
Chinese Premier Li Keqiang urged for less red rape as well as an enhanced regulation and services to promote a healthy economy during a national teleconference held on May 9.
Sony could be falling behind schedule in supplying Apple with dual-lens camera modules for the company's next 5-5inch smartphone that could be named iPhone 7 Plus or iPhone Pro. This is reportedly due to lower production and recent earthquake damage caused to a large factory.
Sunac China Holdings Ltd., one of the most active real estate buyers in China, is currently negotiating to buy more land from other developers, Chairman Sun Hongbin announced, as reported by Bloomberg.
Microsoft is selling its Feature Phone business in Vietnam to two separate buyers in a hefty $350 million deal. Hon Hai/ Foxconn Technology Group's subsidiary FIH Mobile Ltd. and Finland-based HMD global will be take over Nokia, Microsoft's Feature Phone business and will Absorb Microsoft's 4,500 employees.
IMAX announced on May 21, Saturday that the company will offer virtual reality experiences in movie theaters across the United States. VR headsets including Oculus Rift and HTC Vive have become popular gadgets in the gaming industry but the VR devices have many other applications including VR films.
