West Coast Financial Editor in Charge
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Apr 5, 2015

Alibaba-backed ShopRunner gains momentum, eyes China

By Edwin Chan and Peter Henderson

SAN MATEO, Calif. (Reuters) – ShopRunner Inc, the e-commerce startup backed by Alibaba Group Holding Ltd that styles itself in some ways as the anti-Amazon, more than doubled its users over the past year and hopes to do so again in 2015, Shoprunner’s chief executive said in an interview.

The five-year old online retailer’s gains may allow it to win over more customers who prize convenience and experience over cost savings, while taking advantage of its Alibaba relationship to help American retailers sell to China’s still-growing middle class.

Mar 17, 2015

Analysis – Apple TV entices networks with promise of mobile viewers

SAN FRANCISCO/NEW YORK (Reuters) – Apple Inc’s planned video streaming service may not be a tough sell for media companies who could be enticed by the company’s ubiquitous iPhones and iPads, which represent a new stream of growth for an industry losing viewers.

Rising mobile viewership, and faster and more reliable mobile networks are paving the way for online TV subscription services to go mainstream in the near future. Add in a gradual decline in cable users in general and it offers a compelling opportunity for media firms to take notice.

Mar 17, 2015

Apple TV entices networks with promise of mobile viewers

SAN FRANCISCO/NEW YORK (Reuters) – Apple Inc’s planned video streaming service may not be a tough sell for media companies who could be enticed by the company’s ubiquitous iPhones and iPads, which represent a new stream of growth for an industry losing viewers.

Rising mobile viewership, and faster and more reliable mobile networks are paving the way for online TV subscription services to go mainstream in the near future. Add in a gradual decline in cable users in general and it offers a compelling opportunity for media firms to take notice.

Mar 11, 2015

Alibaba ploughs $200 million into Snapchat in latest startup deal: source

By Edwin Chan and Bill Rigby

(Reuters) – Alibaba Group Holding Ltd (BABA.N: Quote, Profile, Research, Stock Buzz) is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services.

The investment values the company at around $15 billion, according to Bloomberg, citing people familiar with the situation as saying. This places the four-year-old company into the top ranks of privately held startups.

Mar 11, 2015

Alibaba ploughs $200 mln into Snapchat in latest startup deal-source

March 11 (Reuters) – Alibaba Group Holding Ltd is
investing $200 million in photo-messaging app Snapchat, a source
familiar with the deal said, striking its latest Silicon Valley
deal as the Chinese ecommerce company builds up mobile services.

The investment values the company at around $15 billion,
according to Bloomberg, citing people familiar with the
situation as saying. This places the four-year-old company into
the top ranks of privately held startups.

Mar 11, 2015

Uber, Lyft rebuffed in bids to deem drivers independent contractors

SAN FRANCISCO (Reuters) – Ride hailing apps Uber and Lyft failed to persuade separate U.S. judges on Wednesday to rule that their drivers are independent contractors instead of employees, in cases that have wide implications for Silicon Valley “sharing economy” firms.

U.S. District Judges Edward Chen and Vince Chhabria in San Francisco federal court said in two rulings that juries would have to determine the status of each companies’ drivers.

Mar 11, 2015

Jury must decide whether Lyft ride-share drivers are employees-ruling

SAN FRANCISCO (Reuters) – A U.S. judge on Wednesday ruled
that a jury must decide whether drivers for Lyft, a ride-hailing
service, are independent contractors or employees, in a case
that has wide implications for how “sharing economy” firms,
including rival Uber, operate.

U.S. District Judge Vince Chhabria in San Francisco rejected
a request by Lyft that its drivers be deemed contractors.

Mar 11, 2015

Apple’s iTunes, App Stores back online after unusually long outage

SAN FRANCISCO (Reuters) – Apple Inc’s iTunes and App Store came back online on Wednesday afternoon after an unusually long service disruption that the company blamed on an internal technical error.

The rare 12-hour outage began a little before 5:00 am ET, after which users took to Twitter to vent their frustration at being unable to access the popular mobile apps store and online content service, using hashtags such as #itunesdown and #appstoresdown.

Mar 11, 2015

Apple says iTunes, App Stores down for all users

SAN FRANCISCO, March 11 (Reuters) – Apple Inc’s
iTunes and App Store came back online on Wednesday afternoon
after an unusually long service disruption that the company
blamed on an internal technical error.

The rare 12-hour outage began a little before 5:00 am ET,
after which users took to Twitter to vent their frustration at
being unable to access the popular mobile apps store and online
content service, using hashtags such as #itunesdown and
#appstoresdown.

Mar 10, 2015

Apple debuts $17,000 watch, some waiting for killer app

SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) launched its long-awaited watch on Monday, including yellow or rose gold models with sapphire faces costing up to $17,000, but some investors questioned whether Chief Executive Tim Cook’s first product would be a breakaway hit.

Apple’s first new device since Cook became CEO will be available for order on April 10 and in stores on April 24, including chic boutiques in Paris, London and Tokyo.

    • 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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