It is also a vote of confidence in China's economy by Alibaba Chairman Jack Ma, who has said investors should not overreact to his country's slowing growth. Youku Tudou's American Depositary Shares rose 10 percent to $26.80 in premarket trading on Friday, below Alibaba's offer of $27.60 per ADS. Alibaba held 18.3 percent of Youku Tudou as of Oct
Read moreBy Deborah M. Todd SAN FRANCISCO (Reuters) – YouTube announced two new features Thursday for its Android app that expand the video site's use of virtual reality, giving the new technology its biggest platform yet. The app now supports VR video – a format that gives viewers what the company says are more realistic 360-degree perspectives of films.
Read moreBy Yasmeen Abutaleb and Nivedita Bhattacharjee SAN FRANCISCO/MUMBAI, August 12 (Reuters) – Facebook is trying to lure skeptical advertisers in India with features such as free email support for questions about advertising and advice on increasing sales in a bid to boost revenue from its second biggest market. Facebook has 132 million users in India, trailing only the 193 million in the United States, according to the company, and the country is critical for the Menlo Park, California, social network's global expansion. Facebook does not break out its revenues in India, but Neil Shah, an analyst at Counterpoint Research, a Hong Kong-based technology consulting firm, estimates it brings in $15 million a quarter, far behind the $350 million he estimates Google earns there per quarter.
Read moreA federal judge on Tuesday struck down a New Hampshire law barring voters from sharing photos of their filled-out ballots online, saying the statute violated constitutional free speech laws. New Hampshire’s so-called “ballot selfie” law was enacted ahead of the 2014 election. It was intended to revise laws passed about a century ago when vote-buying was relatively widespread and voters shared their marked ballot to redeem promises of cash or other inducements.
Read more(Reuters) – China’s Momo Inc, a mobile-based social networking platform, filed with U.S. regulators on Friday to raise up to $300 million in an initial public offering of its American Depositary Shares (ADS). The company said it was the No.
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