Silicon valley startup 21 Inc has raised $116 million in venture funding to help broaden the uses of bitcoin technology, the Wall Street Journal reported.
eCommerce
Alibaba leaning away from plans to invest in India's Snapdeal
Alibaba Group Holdings Ltd may scrap plans to invest in Indian online marketplace Snapdeal, technology website Recode reported, citing a person who was familiar with the matter.
eBay, Sotheby's launch new online auctions platform
Going, going, gone! Sold to the highest bidder at the auction, on the phone or on a new eBay platform that will stream Sotheby's New York auctions live beginning next month.
Alibaba hiring in Amazon, Microsoft backyard as U.S. cloud unit expands
China's Alibaba Group Holding Ltd, the world's largest e-commerce firm, has begun hunting staff in Seattle, home turf of Amazon.com Inc and Microsoft Corp, focusing on savvy cloud computing hires as it ramps up U.S. operations.
IBM looking at adopting bitcoin technology for major currencies
International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the "blockchain," to create a digital cash and payment system for major currencies, according to a person familiar with the matter.
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Four out of five global retailers and other merchants failed interim tests to determine whether they are in compliance with payment card data security standards, putting them at increased risk of cyberattacks, according to a new report by Verizon Communications Inc.
Alibaba Group Holding Ltd appointed Jeff Zhang to oversee its main services on Monday, bringing Taobao, Tmall and Juhuasuan into a newly created "China Retail Marketplaces" division.
Amazon.com Inc has opened an online store on Alibaba Group Holding Ltd's fast-growing online marketplace, Tmall.com as it seeks to expand in China, an Alibaba spokesman said.
Visa Europe has announced a new, more secure way for consumers to pay retailers via smartphones, a move that could set the stage for Apple's Apple Pay and rival payment services to be introduced into Europe in the coming months.
Samsung Electronics Co Ltd said it would buy mobile wallet provider LoopPay as it tries to gain a share in the mobile payments market, which its archrival Apple Inc recently entered with Apple Pay.
XPO Logistics Inc (XPO.N) has bought home delivery company UX Specialized Logistics for $59 million in cash to tap into the booming e-commerce market in North America.
Japan-based messaging app company Line Corp is launching an online grocery delivery service, its first ever, in Thailand and plans to expand it to other Southeast Asian nations to tap booming growth in the region's mobile phone transactions.
Alibaba Group Holding Ltd's underwhelming holiday quarter performance and an escalating war of words with a powerful Chinese industry regulator highlight two major risks to its seemingly fairy-tale ascent: politics and the shift to mobile commerce.
After years of giving investors the cold shoulder, Amazon.com Inc (AMZN.O) is starting to warm up to Wall Street. The No. 1 U.S. online retailer was unusually forthcoming during its fourth-quarter earnings call on Thursday, saying it will break out results this year, for the first time, for its fast-growing cloud computing unit, Amazon Web Services.
