BEIJING, Aug 7 (Reuters) – China Unicom, the
country’s second-biggest wireless carrier, fell short of analyst
expectations when it reported its first-half net income as
China’s new value-added tax scheme began to cut into earnings.
Net income for the six months ended June 30 rose 26 percent
to 6.7 billion yuan ($1.09 billion), the company said on
Thursday after the Hong Kong market close. That missed
projections of 7.35 billion yuan, estimates compiled and
calculated by Thomson Reuters show.
By Supriya Kurane and Gerry Shih
(Reuters) – Twitter Inc (TWTR.N: Quote, Profile, Research, Stock Buzz) on Thursday announced the abrupt departure of two senior executives, including the chief operating officer who had been responsible for the social media company’s efforts to revive flagging user growth.
Ali Rowghani, once seen as an influential No. 2 who oversaw Twitter’s product development, finances and dealmaking, departed after clashing with Chief Executive Officer Dick Costolo over whether he should continue to oversee product innovation, a person familiar with the matter said.
SAN FRANCISCO, June 12 (Reuters) – Internet security company
Cloudflare said on Thursday it will offer its full raft of
protective services for free to “politically or artistically
important” Web sites that come under politically motivated
The San Francisco-based company is one of the most highly
sought-after Internet service providers, but also highly
criticized for serving customers the U.S. government views as
terrorist organizations. It defends its customers from
distributed denial-of-service attacks, an increasingly popular
method used by hackers to take down Web sites.
By Supriya Kurane and Gerry Shih
(Reuters) – Twitter Inc (TWTR.N: Quote, Profile, Research, Stock Buzz) on Thursday announced the resignation of its chief operating officer, who had been responsible for the social media company’s efforts to revive flagging user growth.
Ali Rowghani, once seen as an influential No. 2 who oversaw Twitter’s product development, finances and dealmaking, departed after clashing with Chief Executive Officer Dick Costolo over whether he should continue to oversee product, a person familiar with the matter said.
SAN FRANCISCO (Reuters) – Tango, the popular mobile messaging app, said Tuesday it has struck deals with media companies including AOL and Vevo to distribute content in a new effort to differentiate itself in the hotly contested mobile messaging sector.
Tango said its 200 million users worldwide will be able to browse new “Channels” for entertainment, news, sports and other categories to discover articles, videos and songs. Content providers so far include music streaming service Spotify, AOL properties including the Huffington Post and Dailymotion, the video repository.
SAN FRANCISCO, June 3 (Reuters) – Airbnb, a San Francisco
startup that has grown into a $10 billion business by letting
strangers share their homes for a fee, now wants to do the same
for the dinner table.
Airbnb is encouraging hosts to throw dinners for strangers
as part of a new pilot program in its home city. The company
would take a cut of the proceeds, similar to how it makes money
from its core business of letting people list spare bedrooms or
homes on its website.
SAN FRANCISCO (Reuters) – Microsoft Corp (MSFT.O: Quote, Profile, Research, Stock Buzz) said on Thursday it would integrate rival Salesforce.com Inc (CRM.N: Quote, Profile, Research, Stock Buzz) apps into its Windows and online Office platforms, furthering Chief Executive Satya Nadella’s drive to make the company more cloud-computing friendly.
The main thrust of the tie-up means Salesforce’s popular customer-management apps will be available on Windows desktop PCs, tablets and mobile devices, while Salesforce users will be able to access Microsoft Office content such as Excel spreadsheets and PowerPoint presentations.
SAN FRANCISCO, May 27 (Reuters) – Twitter Inc’s
messaging service will have close to 400 million global users by
2018, mostly in Asia, Latin American and the Middle East,
consulting firm eMarketer estimated on Tuesday, far short of the
1 billion once expected.
The new study by the digital advertising industry research
firm suggests that Twitter’s user growth will have plateaued in
major developed markets within five years.
SAN FRANCISCO (Reuters) – China’s top search engine Baidu Inc has hired Google Inc’s former artificial intelligence (AI) chief Andrew Ng to spearhead research in a field that promises to show Internet companies how to maximize use of their vast data trove.
Baidu said Friday it has opened a new AI lab in Silicon Valley to complement its Deep Learning Lab and Big Data Lab in Beijing, both of which will also be headed by Ng.
SAN FRANCISCO/BEIJING, May 7 (Reuters) – Part-way through
Alibaba Group Holding Ltd’s long-awaited IPO
prospectus was a subtle, but striking, warning: investors should
know that lead founder and executive chairman Jack Ma might work
against the company’s best interests.
The acknowledgement, on page 42 of a 300-plus-page filing,
highlighted longstanding questions about the Chinese e-commerce
giant’s complex corporate structure and potential conflicts of
interests surrounding Ma, who started Alibaba in his one-room
apartment in 1999 and has since branched out into markets as
diverse as e-payments and financial investment.