Chinese e-commerce giant Alibaba Group Holding Ltd. is forming a strategic alliance with Sina Corp., seeking to benefit from the social-media company’s broad user base for its Weibo microblogging service.
Alibaba Group Holding Ltd. said it would promote its own smartphone operating system through subsidies to handset makers and a one billion yuan, or roughly $160 million, funding program for app developers.
Google Inc. named Karim Temsamani head of the Asian-Pacific region effective immediately, in the latest executive change at the Internet giant following the departure of Marissa Mayer to rival Yahoo Inc. last year.
Chinese personal-computer maker Lenovo Group Ltd. said Thursday its net profit for the three months through September rose 13 percent from a year earlier, as sales remained strong despite a slump in the overall PC industry.
In one of the biggest quarterly losses ever for a Japanese company, Panasonic Corp. reported a net loss approaching $9 billion for the three months through September due mainly to massive restructuring costs.
ZTE Corp.’s shares tumbled 15 percent Monday after the company forecast a net loss for the third quarter, and analysts said that the already-tough business climate could get even harsher for the Chinese telecommunications equipment maker.