Chinese e-commerce giant Alibaba Group Holding Ltd said on Tuesday it expected its total value of transactions in the second-quarter to be lower than previously thought, a fresh signal that China's slowdown is taking a bite out of consumer spending.
Read moreBy Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Instagram opened its platform to most advertisers across the globe on Wednesday as the photo-sharing app seeks to make more money and compete with popular rivals such as Snapchat.
Read more(Reuters) – Alibaba Group Holding Ltd said on Tuesday it expected second-quarter gross merchandise volume (GMV) to be lower than its initial estimates due to weaker consumer spending in China. Alibaba said it now expects GMV to be lower in mid-single digits on a percentage basis from its earlier estimates.
Read moreU.S. ride-hailing service Uber Technologies Inc [UBER.UL] will enter 100 more Chinese cities over the next year, doubling a previous goal set just three months ago, Chief Executive Travis Kalanick said on Tuesday. Uber's China unit currently operates in almost 20 cities, Kalanick said at an event in Beijing held by Uber investor Baidu Inc .
Read moreBy Arshad Mohammed, Matt Spetalnick and Mark Hosenball WASHINGTON (Reuters) – The United States is considering sanctions against both Russian and Chinese individuals and companies for cyber attacks against U.S.
Read moreBy Noel Randewich SAN FRANCISCO (Reuters) – Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors. A potential move below $68 would make China's largest e-commerce firm the second high-profile tech company to fall below its IPO price this week after Twitter Inc on Thursday dropped below its 2013 IPO price.
Read moreA 19-year-old California man accused of posing as a modeling agent to dupe and extort underage girls into sending him naked pictures was charged on Friday with more than 150 criminal counts in what prosecutors called a “revenge porn” case. Cesar Mauricio Estrada-Davila is accused of preying on 21 girls between the ages of 12 and 17 between January and April of this year, Los Angeles County Deputy District Attorney Jon Hatami said in a written statement. Hatami said Estrada-Davila befriended his victims on a social networking site, telling them he was a modeling agent who could make them famous and asking for pictures in their underwear.
Read morePolice in China said on Tuesday they had arrested about 15,000 people for crimes that “jeopardized Internet security”, as the government moves to tighten controls on the Internet. Since taking over in 2013, President Xi Jinping has led an increasingly harsh crackdown on China's Internet, which the Communist Party views with greater importance and acknowledges it needs to control, academics and researchers say. Police have investigated 7,400 cases of cyber crime, the Ministry of Public Security said in a statement on its website
Read moreBy Paulo Prada RIO DE JANEIRO (Reuters) – Despite protests by hundreds of thousands of Brazilians against President Dilma Rousseff and ongoing calls for her impeachment, little suggests radical change in Brazil anytime soon. With the country hobbled by legislative gridlock, a lack of viable alternatives to the established political parties and an economic reversal so complete that its currency is trading at a 12-year trough, there are no easy or fast fixes
Read moreBy Clare Jim HONG KONG (Reuters) – Chinese developer Fantasia Holdings Group has launched a vacation rental business similar to Airbnb Inc and HomeAway Inc to utilise the scores of homes left unsold as a property boom faded. Fantasia’s Home ENE online platform, launched last month, will rival Tujia, the Chinese home rental firm that this week raised $300 million from investors including Singapore-based developer CapitaLand Ltd and Hong-Kong’s All-Stars Investment Ltd to expand at home and abroad. “There are more than 50 million vacant units in urban China, which have become a major source of properties for vacation use,” Fantasia chairman and CEO Pan Jun said in a statement on Wednesday.
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