After winning its first Golden Globe Award, Amazon.com, Inc. (NASDAQ:AMZN) is all set to heighten its movie production efforts with ‘indie’ movies. It is a bold step from the company to move into the realm of movie production from merely distributing entertainment content. The online retailer is planning to produce up to 12 movies per…
Amazon.com, Inc. (AMZN) Ventures Into Film Production for Theaters
Amazon.com, Inc.(NASDAQ:AMZN) will foray into full-fledged film production business, aiming to release up to 12 feature-length movies in theaters annually, before making such films available on Amazon Prime Instant Video service four to eight weeks after theatrical release. “Not only will we bring Prime Instant Video customers exciting, unique, and exclusive films soon after a…
Alibaba Group Holding Ltd (BABA) Integrates Social Networking and Business, Develops DingTalk
Alibaba Group Holding Ltd (NYSE:BABA) is trying to interconnect business and social networking for the second time around. The world’s biggest internet retailer have quietly launched the app, called DingTalk, in December of last year. DingTalk, which the company says is still in its beta phase, is an attempt at “versatile mobile communications app that…
Alibaba Group Holding Ltd (BABA) Promotes U.S. Retailers with Alipay
Alibaba Group Holding Ltd (NYSE:BABA), the Chinese internet giant retailer, is working towards promoting American businesses with Chinese consumers by using Alipay ePass, its own version of electronic payment system. The company will handle even shipping for large U.S. retailers including Macy’s, Neiman Marcus, Saks, and Shoprunner. The current plan of Alibaba Group Holding Ltd…
Google Inc (GOOGL) to Compete with Apple Inc. (AAPL) Pay thru SoftCard Acquisition
Google Inc (NASDAQ:GOOGL) is headed towards bracing its own wallet to be able to compete with Apple Inc. (NASDAQ:AAPL) Pay by acquiring Softcard, a mobile payments company. Similar to Apple Pay, Softcard uses NFC technology that allow users of Android and Windows phones to make mobile payments for purchases through its app, and the company claims…
Facebook Inc (FB) Scouting Techies for New Markets in Virtual Reality, Satellites
Facebook Inc (NASDAQ:FB) seem to be branching out from its social networking niche into other areas, at least gradually. Taking a look at the company’s career listings will reveal that the social networking giant is gearing its hiring towards developing strength in diverse areas such as data centers, drones and satellites, and virtual reality goggles.…
Google Inc (GOOGL)’s Price Target Cut By Credit Suisse Group AG (ADR) (CS), Analysts Bullish Before Quarterly Earnings
Google Inc (NASDAQ:GOOGL) did not had an excellent financial year with lower than expected growth in all four previous quarters. Just ahead of its fourth quarter earnings release, Credit Suisse Group AG (ADR) (NYSE:CS) has cut the price target for search engine company to $700 from previous $722. Despite of the lowly financial year, some…
Apple Inc. (AAPL) Gets Open Challenge from Chinese Smartphone Maker Xiaomi, ‘Apple of China’ Released Mi Note At One-Third Prices
Apple Inc (NASDAQ:AAPL) has received an open challenge from the Chinese smartphone maker Xiaomi, which released its flagship Mi Note smartphone at prices much lower than that of iPhone 6 Plus. The cheaper smartphone could hamper the iPhone maker’s efforts to increase its market share in the Chinese market. Xiaomi released Mi Note Pro smartphone…
BlackBerry Ltd (BBRY) Attracts Offers from Major Groups Including Samsung Electronics Co Ltd (005930)
The smartphone maker, BlackBerry Ltd (NASDAQ:BBRY), working on its turnaround plan is the latest company to receive multiple acquisition proposals including one from Samsung Electronics Co Ltd (KRX:005930). However, the company is likely to turn down the acquisition offers for its turnaround bets. According to the recent insider discussions, Samsung Electronics Co Ltd (KRX:005930) is…
Apple Inc. (AAPL), Google Inc (GOOGL) to Pay $415 Million for Anti-Poaching Suit Settlement
Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL), along with other Silicon Valley tech giants, will be paying about $415 million in settlement of an anti-poaching class action suit filed against it in 2011 by tech employees, accusing the companies of collusion that violated their rightful interests as workers. In a court filing, the plaintiffs noted…