China calls for Internet front to fight hacking, cyber ‘arms race’

By Paul Carsten WUZHEN, China (Reuters) – China's President Xi Jinping laid out his vision for the Internet on Wednesday, calling for a new status quo where Internet sovereignty rests in the hands of nations controlling the flow of information. “Each country should join hands and together curb the abuse of information technology, oppose network surveillance and hacking, and fight against a cyberspace arms race,” Xi told China's second World Internet Conference. Since Xi took China's helm in early 2013, he has presided over a centralization of domestic Internet governance and broader efforts to control, and often censor, the flow of information online, experts say.

Read more

President Xi says China will guarantee foreign companies’ legal rights

By Paul Carsten WUZHEN, China (Reuters) – China will guarantee foreign companies' legal rights, President Xi Jinping said on Wednesday at the country's second annual World Internet Conference in Wuzhen. “Safeguarding the legal rights of foreign-invested businesses will not change,” said Xi

Read more

Alibaba lowers second-quarter gross merchandise volume estimates

(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 more

Exclusive: Obama set to announce executive order on cybersecurity threat data

By Joseph Menn SAN FRANCISCO (Reuters) – President Barack Obama is expected to announce an executive order directing the government and companies to share more information about cybersecurity threats in response to attacks like that on Sony Entertainment. As in other policy areas where Obama has been unable to get legislation through the now Republican-controlled Congress, the White House is turning to more limited administrative actions to advance its agenda as much as it can. The announcement could be tonight or tomorrow, when the U.S.

Read more

Security software maker AVG approached by possible buyers: WSJ

(Reuters) – AVG Technologies NV has been approached by potential buyers amid a wave of deals for security-software makers, The Wall Street Journal reported on Thursday, citing people familiar with the matter. There is no formal sale process, but should there be a deal, it would likely come together in the coming months, according to the report.

Read more