Gerry's Feed
May 8, 2014

At China’s Alibaba, chairman Ma’s dealings raise red flags

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.

May 8, 2014

Ma’s dealings raise red flags at Alibaba

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.

May 7, 2014

Alibaba’s deal-making ripples across Silicon Valley

SAN FRANCISCO, May 7 (Reuters) – Alibaba Group Holding Ltd
may be making its debut on Wall Street later this
summer, but it’s certainly no stranger to the investors of
Silicon Valley.

In the past 18 months, the Chinese e-commerce giant has
burrowed its way into the Valley’s exclusive investment circles,
snapping up sizeable stakes and board seats in fast-growing
startups that could provide strategic advantages for when, not
if, the company challenges Amazon.com Inc or eBay Inc
on their home turf.

Apr 29, 2014

Twitter disappoints again on user growth and views; shares drop

SAN FRANCISCO (Reuters) – Twitter Inc on Tuesday reported 255 million monthly active users, up 5.8 percent from the previous quarter but not enough to satisfy investors increasingly concerned about its struggle to gain a mass following.

Twitter’s stock fell nearly 10 percent after hours, to below its post-initial public offering low of $38.80 on November 25.

Apr 28, 2014

Wall Street remains split on Twitter’s prospects

SAN FRANCISCO (Reuters) – There was a time when Twitter strove not to end up like Facebook.

As the social media phenom prepared to debut in November, the last thing it wanted was a repeat of its larger rival’s rocky IPO and subsequent sell-off. Now, the one-time Wall Street darling’s inability to replicate its bigger cousin’s success in mobile and online may be what holds it back.

Apr 25, 2014

Apple offers to fix rare fault in older iPhones

SAN FRANCISCO, April 25 (Reuters) – Apple Inc has
offered to replace faulty on-off buttons on the iPhone 5, a rare
glitch that it said on Friday affected “a small percentage” of
the previous-generation smartphones.

Apple said on its user-support page that “iPhone 5 models
manufactured through March 2013 may be affected by this issue,”
in which the button, also known as a sleep/wake mechanism, stops
functioning or works only intermittently.

Apr 23, 2014

San Francisco sues landlords who evicted tenants for Airbnb

SAN FRANCISCO, April 23 (Reuters) – The city of San
Francisco sued two landlords on Wednesday for allegedly evicting
tenants to rent out rooms on such websites as Airbnb, opening a
new front in a controversy over increasingly popular home-rental
services.

In separate lawsuits filed by City Attorney Dennis Herrera,
the city named two groups of defendants that it called the “most
egregious” offenders because they evicted disabled tenants
before listing rooms online for as much as $595 a night.

Apr 22, 2014

Lytro unveils a more sophisticated ‘light-field’ camera

SAN FRANCISCO, April 22 (Reuters) – In 2011, Lytro Inc
dazzled the consumer gadget world when it introduced a pocket
flashlight-sized gizmo that could take “living” pictures -
images that could be refocused after the shutter clicked.

On Tuesday, the Silicon Valley company unveiled a bigger,
more expensive camera designed to make a “do-over” a reality
instead of a photographer’s dream.

Apr 17, 2014

Weibo debut highlights complicated dance with Chinese censors

SAN FRANCISCO/HONG KONG (Reuters) – Weibo Corp executives on Thursday toasted the Chinese social media firm’s debut at Nasdaq’s New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail.

The timing of the two events, though coincidental, highlights the fundamental challenge for Shanghai-based Weibo: progressing from being a microblogging phenomenon in China to becoming an entrenched member of the international social media industry.

Apr 17, 2014

Analysis – Weibo debut highlights complicated dance with Chinese censors

SAN FRANCISCO/HONG KONG (Reuters) – Weibo Corp executives on Thursday toasted the Chinese social media firm’s debut at Nasdaq’s New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail.

The timing of the two events, though coincidental, highlights the fundamental challenge for Shanghai-based Weibo: progressing from being a microblogging phenomenon in China to becoming an entrenched member of the international social media industry.