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Alibaba quarterly revenue disappoints, shares fall

BEIJING/SHANGHAI - Alibaba Group Holding Ltd's shares fell more than 10 percent early on Thursday, wiping more than $25 billion of market value after third quarter revenue at the Chinese internet giant fell short of analysts' expectations. | Video

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Alibaba says SAIC report flawed, preparing formal complaint

SHANGHAI/BEIJING - A Chinese regulator's report that criticized Alibaba Group Holding Ltd for failing to do enough to stamp out illegal business on its platforms was flawed and the company is preparing a formal complaint, Executive Vice Chairman Joe Tsai said on Thursday.

8:15am EST

Apple takes top gifting spot in China: report

SHANGHAI - Apple Inc has taken the number one luxury gifting spot in China from designer goods maker Hermes International SCA, according to a Hurun luxury report on Thursday, reflecting the iPhone maker's recent hot streak in the country.

4:59am EST

Facebook tops Wall Street revenue target in fourth quarter

SAN FRANCISCO - Facebook Inc's revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales.

Facebook, 28 Jan 2015

Samsung Elec's smartphone primacy under threat from Apple after weak Q4

SEOUL - Samsung Electronics Co Ltd is closer to losing its crown as global smartphone leader after posting a plunge in quarterly mobile earnings on Thursday, a day after rival Apple Inc reported the biggest profit in corporate history. | Video

3:05am EST

HBO tech executives leave ahead of Internet launch as network's strategy changes

NEW YORK - Time Warner's TWX.N HBO is preparing to sell a standalone service over the Internet for the first time, in one of the most closely watched moves in pay TV history. Yet the road to the launch has been far from an easy one - marked by changes in strategy, deadlines, and the departure of its chief technology officer along with two of his lieutenants.

1:14am EST

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