HONG KONG Chinese e-commerce firm Alibaba Group announced it will invest 100 billion yuan ($15.12 billion) over five years to build a global logistics network and also take control of a $20 billion unit, underpinning an aggressive overseas expansion.
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SAN FRANCISCO Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.
NEW YORK Facebook Inc and Alphabet Inc's Google have little choice but to rein in internet political ads in the face of growing U.S. government pressure, a panel of advertising consultants and executives said on Monday.
FRANKFURT/LONDON Lyft, Uber’s closest U.S. rival in the taxi-hailing business, met repeatedly with officials from London's transport regulator over the past year, a sign it may be targeting the city for international expansion.
DUBAI Dubai staged a test flight on Monday for what it said would soon be the world's first drone taxi service under an ambitious plan by the United Arab Emirates city to lead the Arab world in innovation.
SAN FRANCISCO Microsoft Corp's Teams application will be replacing Skype for Business as the company’s primary teamwork software, Microsoft said on Monday, in its latest effort to defend against the threat of upstart Slack in the workplace collaboration software market.
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