Uber could face legal ramifications over its business model in China and Taiwan after complaints of improper licensing of drivers.» Read More
NEW YORK, Nov 10- The Dow and S&P 500 extended their run of record high closes for a fourth session on Monday, led by transportation and healthcare shares. Union Pacific rose 1.8 percent to $120.90, among the top gainers on the S&P 500, while JetBlue jumped 4.2 percent to $13.09. Results late Friday from Berkshire Hathaway showed profit from the BNSF railroad rose...
BEIJING, Nov 4- China's Xiaomi Technology Co Ltd said on Tuesday it would spend $1 billion to expand its internet TV content as the world's third largest smartphone maker ramps up its push into the living room, and a market estimated to be worth $3 billion. In a post on its official Weibo microblog, Xiaomi said it had hired Chen Tong, a former executive at Chinese...
Some of the names on the move ahead of the open.
BEIJING Oct 29- China's dominant search engine Baidu Inc said it would continue to invest significantly to adapt its business to the mobile era, a transition that has tripped up other Internet peers born in the desktop PC era like Google Inc.. Sometimes known as the " Google of China," Baidu reported lower-than-expected 52 percent increase in third quarter...
Jiong Shao, Regional Head of Internet at Macquarie, says the Chinese internet search giant is making solid progress in the transition into mobile.
Henry Guo, Senior Research Analyst - China Internet/Media at JG Capital, says Baidu's profitability shows that it still possesses a competitive advantage over its rivals.
Oct 29- Baidu Inc posted a less-than-expected 52 percent surge in third-quarter revenue, even as mobile traffic for China's dominant Internet search engine continued to grow. On Wednesday, the company referred to as " China's Google" forecast a 45.4 to 49.6 percent rise in revenue this quarter, generally in line with Wall Street projections but a marginal...
Wall Street trade will hinge on the Federal Reserve on Wednesday, which is seen opting for an end to monthly bond purchases.
Jack Ma, the founder and executive chairman of Chinese e-commerce giant Alibaba, topped Forbes' China Rich List for the first time.
Co-founder, chairman and CEO, Baidu
Social network site, LinkedIn, has found a way to do business in China. The New York Times reports.
As U.S. box-office receipts decline, some Chinese investors and U.S. media execs are pairing up to make big bets on China's film industry.
Despite its new prominence in the U.S., Alibaba's efforts in China to expand into mobile—the fastest growing part of e-commerce—faces challenges.
It appears Hong Kong protesters' cellphones are being targeted by a sophisticated kind of malware possibly originating in China. NBC News reports.
Social media among Hong Kong protesters pose a "nightmare scenario" for Chinese censors, experts say. NBC News reports.
Take a look at some of Monday's midday movers:
FRANKFURT, Sept 29- German luxury carmaker BMW is teaming up with Chinese internet giant Baidu to start highly automated driving trials in Beijing and Shanghai. The project will now be expanded to include other large cities in China, BMW said on Monday.
BEIJING, Sept 23- Jack Ma, executive chairman of Alibaba Group Holding Ltd, has become China's richest man with a fortune estimated at $25 billion, underscoring the ascension of tech tycoons over real estate peers in the world's second biggest economy.
Alibaba Group has reportedly sold additional shares of the company, making the listing of the Chinese e-commerce firm the biggest in history.
Google's problems in China just got worse. The New York Times reports.