The SCMP Group finally closed the deal with Alibaba at a whopping US$262 million approximately. After many rounds of rumors, the Chinese company has announced that Alibaba has agreed to venture into the news business acquiring The South China Morning Post. This Hongkong based newspaper and the other assets of the SCMP Group including the Elle and Esquire sister concern publications and websites will cost Alibaba a big sum of more than $2 million.
Twitter, a kind of real time pulse tracking the events as they happen where people from around the gather in moments of triumph, activism, support and fascination to express their views, have revealed the most popular tweets of 2015. The hashtag # JeSuisParis, used to show solidarity with the French capital in the wake of its second terrorist attack, marked the most talked-about moment of the year.
Amazon.com founder Jeff Bezos-owned space company, Blue Origin, has surpassed a significant milestone as its rocket ship returned and landed safely after travelling in outer space.
United Launch Alliance (ULA), a joint venture (JV) between Lockheed Martin and Boeing, is entering into miniature satellites segment. ULA is planning to launch a CubeSat carrier by mid 2017. ULA will explore business potential in launching small satellites for earth imaging, weather forecasting, internet relays, etc.
Chinese President, Xi Jinping and his wife kick off their first official visit to the US today. The president safely landed in Paine Field, Seattle in an Air China 747 near a Boeing plant. Washington state Governor, Jay Inslee was there to welcome the president and his entourage. The president chooses Seattle as he regards Seattle as the "America's gateway to Asia".
Amazon.com, Inc. plans to drop a new tablet worth $50 as it has struggled drawing customers to its pricier devices. The said tablet is said to be rolled out this holiday.
As part of its objective to promote industrial and business activity, Florida County has offered incentives to Blue Origin to make and launch rockets near NASA's Kennedy Space Center. Blue Origin has been promoted by billionaire Jeff Bezos, founder and Chief Executive of Amazon.com. The space center is coming up in Brevard County.
Reacting to the New York Times investigation report on the world's most valuable online retail major, many Amazonians came down heavily condemning the report. New York Times website is flooded with comments from employees at Amazon.
Amazon CEO Jeff Bezos reacted about the negative story published on August 15 on the New York Times, regarding the ruthless management practices inside the Amazon workplace. He's attesting that the report is a false accusation. Hence, he's persuading the employees to email him or approach the HR concerning the matter.
Amazon.com Inc's (AMZN.O) once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the technology sector's highest valuations drew widespread ire after a spectacular results letdown on Thursday.
Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, reflecting Chief Executive Officer Jeff Bezos' resolve to transform Amazon into an Internet destination beyond its core retail operations.
Detroit, US-based charity fundraising platform CrowdRise bagged $23 million in a funding round with Union Square Ventures as the lead investor to back its growth campaigns and platform expansion initiatives.
Seattle, US-based e-commerce giant Amazon.com offers unhappy workers between $2,000 to $5,000 to quit their job to maintain a healthy working environment for the company and to encourage employees to pursue what they really want.
New York, US-based news website Business Insider raised $12 million in a funding round led by Amazon chief Jeff Bezos for the expansion of its workforce and subscription service.
Ezra Klein, the political writer known for his explainer approach to policy topics, has left The Washington Post to start his own news site with The Verge, TechCrunch reported.