News

Snap bets on hardware as Facebook threat looms

SAN FRANCISCO (Reuters) - Snap Inc takes to the road in London on Monday to promote its initial public offering with a daring proposition: that it can build hot-selling hardware gadgets and ad-friendly software features fast enough to stay one step ahead of Facebook.

Amazon to create over 5,000 jobs in Britain in 2017

LONDON (Reuters) - Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in the country once more even as it prepares to leave the European Union.

NZ court rules Megaupload founder Kim Dotcom can be extradited to U.S. for alleged fraud

WELLINGTON (Reuters) - A New Zealand court ruled on Monday that internet entrepreneur Kim Dotcom could be extradited to the United States to face charges relating to his Megaupload website, which was shutdown in 2012 following an FBI-ordered raid on his Auckland mansion.

Alibaba expands bricks-and-mortar retail push with Bailian deal

BEIJING (Reuters) - China's Alibaba Group Holding Ltd said it formed a strategic partnership with Bailian Group, the largest retailer by store numbers to join the e-commerce giant's drive to use big data to improve and profit from brick-and-mortar sales.

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