Alibaba says Singles’ Day sales hit 91.2 billion yuan in first hour
Chinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for its annual Singles’ Day shopping blitz hit 91.2 billion yuan ($13 billion)...
Siemens CEO deplores admiration for ‘pot smoker’ after deputy praised Elon Musk
Siemens Chief Executive Joe Kaeser on Friday lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel,...
Existing U.S. antitrust laws can address tech monopolies, DOJ antitrust chief says
The U.S. Justice Department antitrust chief said on Friday that existent U.S. antitrust laws are “flexible enough” to address harm caused by technology companies, in...
Tesla’s Musk, Greenlight’s Einhorn taunt each other on Twitter
Tesla Inc Chief Executive Officer Elon Musk and noted short-seller David Einhorn mocked each other in open letters published on Twitter on Friday, trading barbs...
Facebook bars content claiming to name Trump impeachment whistleblower
Facebook Inc. is taking down any content that claims to name the anonymous whistleblower who ignited an impeachment inquiry into U.S. President Donald Trump, the...
Video game ‘Legends’ do battle for $1 million
Two teams of young video gamers from Europe and China will do virtual battle on Sunday – and there’s more than $1 million at stake....
WeWork, ex-CEO Neumann, Softbank sued over botched IPO, plummeting value
WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled...
Blackstone takes majority stake in ‘Bumble’ parent, values firm at about $3 billion
Blackstone Group Inc is taking a majority stake in MagicLab, the parent company of dating app “Bumble” and “Badoo”, valuing the company at about $3...
Telecom Italia to expand data center business under Google deal
Telecom Italia (TIM) plans to spin off its data center operations and look for an investor ahead of a potential market listing, it said on...
Musk mocks hedge fund owner Einhorn over Tesla shorts
Tesla Inc Chief Executive Officer Elon Musk took to Twitter on Friday to taunt short-seller David Einhorn in an open letter after the hedge fund...