One of Snap's (NYSE: SNAP) biggest investors is Chinese tech giant Tencent (OTC: TCEHY). Tencent owns WeChat, the messaging app that counts over 1.2 billion monthly active users. A key part of its success has been expanding beyond messaging to gaming (another core part of Tencen
Amazon.com Inc Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of U.S. antitrust law by big technology companies, according to a letter from an attorney representing Amazon.
Walmart Inc has partnered with Canadian e-commerce firm Shopify Inc, as the world's biggest brick-and-mortar retailer ramps up its efforts to capture a bigger slice of the coronavirus-driven surge in online shopping.
The Reserve Bank of India's interventions in the foreign exchange market have helped reserves climb to a record $501.7 billion in early June, but economists say the pace of increase is likely to taper in the second half of this fiscal year.
Mark Zuckerberg has done a pretty good job of keeping his finger on the pulse of social media and related technologies. But as Facebook (NASDAQ: FB) grows bigger and expands its reach, it's getting harder and harder for the company to stay ahead of the curve. Meanwhile, the comp
Indian oil-to-telecoms conglomerate Reliance Industries raised a total of 64.4 billion Indian rupees ($847 million) from the sale of two stakes in its digital unit Jio Platforms, the group said on Saturday.
Recessions and financial crises often have a way of changing the banking landscape as a result of deal making and new regulation. But they can also impact the way banks lend. For instance, following the Great Recession in 2008, banks focused a lot less on residential mortgages,
Technology stocks were climbing during Friday trade, with the SPDR Technology Select Sector ETF advancing 1% while the Philadelphia Semiconductor Index was rising 0.8%.
Facebook's (NASDAQ: FB) acquisition of Giphy, the platform that lets you animate pictures, is being reviewed by the UK's Competition and Markets Authority.
Most companies provide annual diversity reports these days, but Snapchat parent Snap (NYSE: SNAP) does not. In an all-hands meeting on Tuesday, Snap CEO Evan Spiegel reportedly said that the company will keep it that way because releasing the company's diversity data would only
Cheetah Mobile (NYSE: CMCM), a Chinese maker of mobile apps and games, lost 90% of its value over the past five years as its revenue and earnings plummeted. Its recent first-quarter report also didn't inspire much confidence in a near-term recovery.
It's not uncommon for tech companies with deep pockets to get into early-stage venture capital investing. Alphabet's Google Ventures, Salesforce Ventures, and Intel Capital are among the most prominent and active corporate venture capital arms within the tech sector. Even relati
U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides.
U.S. video streaming company Netflix is in talks with Viacom18, part of the Indian conglomerate Reliance Industries' media unit Network18, about a multi-year partnership to source content, three sources told Reuters, in a move that would expand a relationship between the two sides.
Twitter on Thursday said it removed more than 170,000 accounts tied to a Beijing-backed influence operation that deceptively spread messages favorable to the Chinese government, including about the coronavirus.
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