Rakuten buying eBook firm OverDrive for $410 million in U.S. push
By Teppei Kasai TOKYO (Reuters) – Japanese online retailer Rakuten Inc is buying U.S. eBook company OverDrive Inc for about $410 million, deepening its push into the U.S.
Read moreNews Posts
Rakuten buying eBook firm OverDrive for $410 million in U.S. push
By Teppei Kasai TOKYO (Reuters) – Japanese online retailer Rakuten Inc is buying U.S.
Read moreIndonesia’s Lippo continues e-commerce push with payment service
By Eveline Danubrata and Charlotte Greenfield JAKARTA (Reuters) – Indonesian conglomerate Lippo Group plans to launch payment, chat and other online services early next year as it continues expanding in the nascent e-commerce industry of the world’s fourth-most populous country, a senior executive told Reuters.
Read moreIndonesia’s Lippo continues e-commerce push with payment service
By Eveline Danubrata and Charlotte Greenfield JAKARTA (Reuters) – Indonesian conglomerate Lippo Group plans to launch payment, chat and other online services early next year as it continues expanding in the nascent e-commerce industry of the world’s fourth-most populous country, a senior executive told Reuters.
Read moreTarget agrees to pay $10 million to settle lawsuit from data breach
Target Corp has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, court documents show.
Read moreTarget agrees to pay $10 million to settle lawsuit from data breach
Target Corp has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, court documents show. Under the proposal, which requires federal court approval, Target will deposit the settlement amount into an interest bearing escrow account, to pay individual victims up to $10,000 in damages. The proposal also requires Target to adopt and implement data security measures such as appointing a chief information security officer and maintaining a written information security program
Read moreKKR, Baidu, Coatue to invest $170 million in China online used-car platform
HONG KONG (Reuters) – Private equity firm KKR & Co LP, search engine Baidu Inc and hedge fund Coatue said on Wednesday they will jointly invest $170 million in Chinese online used-car auction firm Uxin, aiming for a piece of the booming used-car market. Uxin will use the funds to expand a newly launched platform where auto retailers sell used cars to individuals, the companies said in a joint statement.
Read moreMicrosoft tackles China piracy with free upgrade to Windows 10
By Bill Rigby and Paul Carsten SEATTLE/BEIJING (Reuters) – Microsoft Corp is making its biggest push into the heavily pirated Chinese consumer computing market this summer by offering free upgrades to Windows 10 to all Windows users, regardless of whether they are running genuine copies of the software. The move is an unprecedented attempt by Microsoft to get legitimate versions of its software onto machines of the hundreds of millions of Windows users in China
Read moreAlibaba leaning away from plans to invest in India’s Snapdeal: Recode
(Reuters) – Alibaba Group Holdings Ltd may scrap plans to invest in Indian online marketplace Snapdeal, technology website Recode reported, citing a person who was familiar with the matter. Last week, a person informed about the deal had told Reuters that Alibaba was in talks with Snapdeal over a potential cash investment in what could have been the Chinese e-commerce giant's first direct investment in India. Alibaba has held discussions with Snapdeal about a possible investment, but the Chinese company is leaning away from investing in Snapdeal right now, Recode said
Read moreCalifornia judge dismisses gang conspiracy case against rapper
By Marty Graham SAN DIEGO (Reuters) – A San Diego judge has dismissed gang conspiracy charges against a rapper whose music prosecutors said encouraged gun violence against rival gangs, in a ruling his lawyer characterized as a victory for free speech. Rapper Brandon Duncan, who uses the stage name Tiny Doo, was one of seven people charged last June in a 16-count indictment that centered on nine shootings that took place in 2013 and 2014 involving the so-called Lincoln Park gang. Duncan was charged with nine counts of conspiracy to participate in a criminal street gang by prosecutors who said his music and social media presence encouraged the violence, although he was not accused of taking part in the shootings.
Read more