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Jan 16, 2015

Insight – Alibaba in major initiative to court China consumer for U.S. retailers

SAN FRANCISCO/BEIJING/SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China’s vast and growing middle class.

Anchored by Alipay, the dominant Chinese electronic payments system that works closely with Alibaba and is controlled by its executives, the world’s largest Internet retailer is using the calling card of China’s consumers to attract U.S. partners, two sources close to the company told Reuters.

Jan 16, 2015

Alibaba in major initiative to court China consumer for U.S. retailers

SAN FRANCISCO/BEIJING/SHANGHAI, Jan 16 (Reuters) – China’s
Alibaba Group Holding Ltd plans a major move to win
U.S. business this year, by offering American retailers new ways
to sell to China’s vast and growing middle class.

Anchored by Alipay, the dominant Chinese electronic payments
system that works closely with Alibaba and is controlled by its
executives, the world’s largest Internet retailer is using the
calling card of China’s consumers to attract U.S. partners, two
sources close to the company told Reuters.

Dec 26, 2014

U.S. police struggle to uncover threats on social media

SAN FRANCISCO/LOS ANGELES (Reuters) – U.S. law enforcement agencies are a long way from being able to effectively track threats of the kind a gunman posted on Instagram before his execution-style murder of two New York City policemen last weekend.

Police need more data analytics and mining software to monitor social media sites such as Facebook (FB.O: Quote, Profile, Research, Stock Buzz) and Twitter (TWTR.N: Quote, Profile, Research, Stock Buzz), as well as trained personnel to make sense of what could be a deluge of data, say law enforcement officials and security experts.

Dec 21, 2014

New York cop ‘assassin’ telegraphed intentions on Instagram

SAN FRANCISCO (Reuters) – Popular photo-sharing service Instagram on Saturday took down the account of the man said to be behind the “assassination” of two New York City police officers, after the 28-year-old gunman’s veiled threats and provocative messages went viral in the wake of the execution-style shootings.

Posted just hours before Ismaaiyl Brinsley allegedly walked up to two officers in a parked squad car in Brooklyn and shot them dead, the dark messages again cast a spotlight on the role of social media in spotting and revealing public threats of violence.

Dec 2, 2014

Misfit Wearables raises $40 million from Xiaomi, other Chinese firms

SAN FRANCISCO (Reuters) – Xiaomi Technology Co Ltd XTC.UL and other Chinese companies have joined a $40 million investment in U.S. wearables startup Misfit, the first time the world’s third-biggest smartphone manufacturer has taken a stake in a U.S. mobile-device maker.

Misfit, which claims to make the biggest-selling activity and sleep tracker in China, said on Tuesday it has raised new financing from Xiaomi, e-commerce company JD.com Inc, and venture-capital firms GGV Capital and Shunwei.

Oct 30, 2014

Apple’s Cook: ‘I’m proud to be gay’

By Anya George Tharakan and Edwin Chan

(Reuters) – Apple Inc CEO Tim Cook on Thursday became the most prominent American corporate leader to come out as being gay, saying he was trading off his closely guarded privacy for the chance to help move forward civil rights.

The Alabama native, who has spoken out against discrimination of lesbian, gay, bisexual and transgender (LGBT) people, declared his sexual orientation in a magazine editorial, confirming a fact widely known in the close-knit Silicon Valley tech community but rarely discussed.

Oct 27, 2014

Twitter users and engagement disappoint, shares dive

SAN FRANCISCO (Reuters) – Twitter Inc posted a disappointing 7 percent slide in a closely watched measure of engagement even though its user base grew 23 percent in the third quarter, triggering a more than 9 percent decline in its stock on Monday.

The online messaging service also projected fourth-quarter revenue that may miss Wall Street’s targets.

Oct 27, 2014

Twitter user-engagement falls 7 percent, shares dive

SAN FRANCISCO (Reuters) – Twitter Inc reported a disappointing 7 percent slide in a key measure of engagement by its users in the third quarter, triggering a selloff of more than 9 percent in its stock on Monday.

Some investors had raised fears about declining Twitter usage as other social media and mobile messaging services become more popular. On Monday, the online messaging service also projected fourth-quarter revenue that may miss Wall Street’s heightened expectations.

Oct 20, 2014

Apple beats Street targets on strong iPhone sales

SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) posted a better-than-expected 12 percent jump in revenue after its best new-iPhone launch on record helped push sales of the smartphone to 39.27 million in the September quarter.

That surpassed the roughly 38 million some on Wall Street had expected, and excluded sales in China, its largest market outside of the United States. Chief Financial Officer Luca Maestri said in an interview that the new iPhones, which went on sale last week in China, had already surpassed the previous-generation model in volumes.

Oct 6, 2014

HP faces uphill battle with newly minted PC unit

SEATTLE/SAN FRANCISCO (Reuters) – Hewlett-Packard Co’s (HPQ.N: Quote, Profile, Research, Stock Buzz) Chief Executive Officer Meg Whitman appeared to be banking on growth markets like 3D printing and a trickle back in PC sales when she announced on Monday a spin-off for the company’s computer and printing business. But some on Wall Street are skeptical.

Investors and analysts generally gave a thumbs up on the move to separate HP’s computer and printing business from its corporate hardware and services operations, sending its shares up almost 5 percent. Yet some questioned the move, expressing doubt over whether the newly christened “HP Inc” can break out of what appears to be a terminal slump in desktop computing.

    • About Edwin

      "Based in Los Angeles, I oversee company news coverage of much of the U.S. West Coast, including such corporations as Apple, Google and Microsoft. Previously, I was bureau chief for Hong Kong and Shanghai and oversaw coverage for all corporations in China and Hong Kong."
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