WeChat is Tencent’s ace in China’s online entertainment race

By Paul Carsten and Lisa Richwine BEIJING/LOS ANGELES (Reuters) – In a multi-billion dollar dogfight with Alibaba Group Holding Ltd for leadership in China's online entertainment market, mobile messaging app WeChat is Tencent Holdings Ltd's trump card. The wildly popular app allows Tencent to channel 500 million monthly active users to its entertainment services, a huge consumer base for subscriptions or marketing – pay dirt for media and advertising partners.

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Uber tests cash payments for cabs in India

Uber is testing cash payments in India as the online taxi-hailing company seeks a stronger foothold in a country where many fewer people have credit cards than internet connections. San Francisco-based Uber has grown rapidly in value to be worth around $40 billion. Many analysts say that is because Uber has not adapted its business model enough to suit India's needs

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U.S. presidential candidate Fiorina spins web around interviewer

Republican presidential candidate Carly Fiorina apparently has learned something about registering website domain names. Shortly after the former Hewlett-Packard chief executive announced her campaign last week, she found out that a cybersquatter had bought the rights to carlyfiorina.org and was using it to criticize her record. Chuck Todd of NBC News brought up the issue while interviewing Fiorina on “Meet the Press” and showed the website, which features row after row of frowny-face emoticons representing 30,000 people laid off during her Hewlett-Packard tenure from 1999 to 2005

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EU, U.S. close to data sharing deal for security cases: sources

By Julia Fioretti BRUSSELS (Reuters) – The European Union and the United States are close to completing negotiations on a deal protecting personal data shared for law enforcement purposes such as terrorism investigations, three people familiar with the matter said. The two sides have been negotiating since 2011 over the so-called “umbrella agreement” that would protect personal data exchanged between police and judicial authorities in the course of investigations, as well as between companies and law enforcement authorities. The protection of personal data in the United States has been a sore point in the EU since former National Security Agency contractor Edward Snowden revealed mass U.S.

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Pentagon says security at bases in U.S. highest in four years

The U.S. military has ordered security at its bases around the United States to the highest level in nearly four years, Army Colonel Steve Warren, a Pentagon spokesman, said on Friday. The heightened security level covered everything from recruiting stations to National Guard posts and military bases and camps in the continental United States, Alaska and U.S.

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Alibaba has a new CEO, but it’s still Jack’s house

By John Ruwitch SHANGHAI (Reuters) – When Alibaba Group Holding Ltd's eccentric founder Jack Ma stepped down as CEO two years ago, he declared “the Internet belongs to young people,” and promised that most of the company's leaders born in the 1960s would soon retreat from management. On Thursday, that transition at the e-commerce behemoth appeared complete as Ma trumpeted the appointment of a fresh chief executive, Daniel Zhang, born in 1972, as part of a broader reshuffle.

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TripAdvisor revenue up 29.2 percent on higher click-based advertising

(Reuters) – Travel review website operator TripAdvisor Inc reported a 29.2 percent rise in quarterly revenue as it earned more from click-based advertising and display ads. Shares of the company, which owns websites such as tripadvisor.com and oyster.com, rose about 5.8 percent to $81.30 in extended trading on Wednesday. Revenue from click-based advertising rose 20 percent to $249 million in the first quarter ended March 31 from a year earlier and accounted for 69 percent of total revenue, the company said

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‘Team Juncker’ ham for cameras to push EU digital market

By Alastair Macdonald BRUSSELS (Reuters) – Can a bunch of graying politicians in Brussels really get with it and give Europe a revolutionary open market in digital technology? Jean-Claude Juncker and other EU executives poked fun at their own generation in an online video posted on Twitter on Wednesday to try and convince younger Europeans that they can.

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EU aims to cut sales tax on online newspapers: Juncker

The EU executive will propose cutting the bloc’s sales tax on online newspapers, European Commission President Jean-Claude Juncker said on Wednesday, in a move that would bring them into line with print media. Addressing Germany’s newspaper publishers federation BDZV in Brussels, Juncker said the Commission would put forward draft legislation in the first half of next year to extend national governments’ right to set reduced rates of value-added tax (VAT) on newspapers to their digital versions

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