News highlights – 9 January

Written by on January 10, 2017 in News with 0 Comments

News highlights for 9 January

REUTERS/Robert Galbraith/Files

Yahoo to become Altbaba – exit Mayer

(Reuters) – Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc. Read more…

Alibaba to bring a million businesses onto platform

NEW YORK/BEIJING (Reuters) – Alibaba Executive Chairman Jack Ma met U.S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce giant’s new plan to bring one million small U.S. businesses onto its platform to sell to Chinese consumers over the next five years, an Alibaba spokesman said. Read more…

Post Brexit boost – Snapchat picks London for its international HQ

LONDON (Reuters) – Messaging app Snapchat said it would make London the home of its international operations, delivering another vote of confidence in Britain’s technology credentials as the country prepares to leave the European Union. Read more…

Not all bad – Samsung to invest $2.5 billion in Vietnam

SEOUL (Reuters) – Samsung Electronics Co Ltd’s display panel subsidiary plans to invest another 3 trillion won ($2.51 billion) in Vietnam to boost capacity, South Korea’s Yonhap News Agency reported on Tuesday, citing unnamed sources. Read more…

OTT messaging will ‘cost’ operators $104 billion this year – report

Consumer migration from operator voice and text services to OTT messaging services and social media will cost network operators nearly $104 billion this year – equivalent to 12% of their service revenues – according to a new study from Juniper Research. Read more…

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