Netflix has reportedly acquired worldwide rights (sans China) to the animated feature Next Gen for a whopping $30 million at this year’s Cannes Film Festival. Jason Sudeikis, Michael Pena, David Cross, Kitana Turnbull and Constance Wu lend their voices to the film about two boys who become friends in a society populated by robots. First-time feature […]
ANT Financial, the payment affiliate of Alibaba Group Holding Ltd, has acquired Singapore-based payment service helloPay Group, part of the Chinese firm’s drive to boost its Alipay brand and presence in Southeast Asia. HelloPay is the payment subsidiary of e-commerce firm Lazada Group, which is majority-owned by Alibaba after a US$1 billion deal in 2016, […]
Chinese firm Alibaba is offering to help international technology firms such as SAP to enter China, a market where foreign tech companies face increased government scrutiny. Alibaba Cloud, the cloud computing arm of Alibaba Group, said in a statement on Tuesday it aims to assist technology firms overcoming business obstacles in China. It said it’s […]
seems set to move into the automobile industry with the announcement of a smart car at an event held in Hongzhou, China. The car, named RX5, was under development and testing for over a year. The tech giant partnered with the country’s largest automaker, SAIC Motor Corp., to make the ‘internet car’. Smart cars, considered […]
Yahoo said that rather than divest its financial interests in Alibaba, the company will separate Yahoo from Alibaba in a reverse spinoff. The company’s board has been contemplating its future and decided that selling the core Yahoo internet business is the best path forward. “The ultimate separation of our Alibaba stake will be important to […]
Yahoo went up more than 7 percent in the half-hour after chief executive Marissa Mayer announced plans to spin off the tech giant’s remaining stake in Alibaba Group into a separate investment company. The tax-free spin off will see Yahoo’s 384 million Alibaba shares, which are valued at $40 billion, become part of SpinCo, a […]
Alibaba’s net income has more than doubled year-over-year, according to filings released by Yahoo last week. The filings, given by Yahoo to the Securities and Exchange Commission, reveal that the privately held Chinese e-commerce company’s incomes were up 113.4 percent year-over-year to $293 million for the quarter. The company’s top-line rose 70.6 percent year-over-year to […]
Yahoo and its potential Asian buyers may have finished their negotiations to buy out the online entity, AllThingsD reported. China-based Alibaba was interested in buying the company, along with Japan’s telecommunications giant, SoftBank. Sources claimed the end to the discussion was due to the complex nature of the cash split, among smaller issues. Because Yahoo […]
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