Alibaba Group Holding Ltd (NYSE:BABA)’s CEO Jack Ma was alarmed back in 2004 when eBay Inc (NASDAQ:EBAY) started its operations in China. Ma was worried that eBay Inc (NASDAQ:EBAY) will dominate the Chinese markets. But apart from worries, Ma had a well-defined strategy. Within two years, Alibaba Group Holding Ltd (NYSE:BABA) counted more than 60% of the Chinese online purchases whereas eBay went down to only 20%. Eventually, eBay Inc (NASDAQ:EBAY) had to close its operations in China and now, Alibaba Group Holding Ltd (NYSE:BABA) is the leader in e-commerce in the country. Ma has got a habit of breaking monopolies. After beating…
Author: Sean Johnson
Netflix, Inc. (NASDAQ:NFLX) announced its services in many European countries this week including France, Germany, Austria and Switzerland. Now, the company is in talks with its partners inside Belgium to start its services in the country, Reuters news agency claimed. US video streaming company is reportedly in talks with Belgacom and cable operators for mirroring the distribution deals provided by Deutsche Telekom in Germany and Bouygues in France. After the recent additions, Netflix has now 40 countries under its belt where it is providing streaming services. Netflix, Inc. (NASDAQ:NFLX) is also focusing on providing its service through embedded software and…
In an effort to tackle Apple Inc. (NASDAQ:AAPL)’s new launched mobile payment method, Apple Pay, BlackBerry Ltd (NASDAQ:BBRY) has announced two new payment options. The company has announced that BBM Money service will now be open for iOS and Android devices as well. It’s a special service for BlackBerry Ltd (NASDAQ:BBRY)’s Messenger users which will currently be available just inside Indonesia. The second announcement is regarding the integration with TransferTo which is a global provider of international airtime remittance. BlackBerry Ltd (NASDAQ:BBRY)’s announcement said that after the integration, BBM users will be able to gift mobile airtime minutes to their…
CNBC’s Josh Lipton reported about die hard Apple Inc. (NASDAQ:AAPL) fans who are waiting outside Apple Inc. (NASDAQ:AAPL)’s store in Palo Alto, California to get their hands on the new iPhone 6 and iPhone 6 Plus. Lipton said that fans are waiting outside the stores in intense weather and dark. He said that the first Apple Inc. (NASDAQ:AAPL) fan came outside the store on Tuesday and since then, he is waiting for the iPhone 6. “Its 4 A.M. local here, still very dark out, but the Apple fans, they are already online, about 200 people online here in tents, in…
In a video, CNBC’s Jon Fortt unboxed Apple Inc. (NASDAQ:AAPL)’s new iPhone 6 and iPhone 6 Plus and placed the phones besides iPhone 5s to show a clear comparison of size. Fortt also showed the accessories from new iPhone boxes which include ear pods, power adapter and lightining to usb cable. These accessories are same for both versions of Apple Inc. (NASDAQ:AAPL)’s new release. Fortt then put the new iPhones in colorful cases and placed them by the order of their size with iPhone 5s. Video first shows the iPhone 6 in a close up mode when Fortt opens the…
Apple Inc. (NASDAQ:AAPL) recently suffered a lot of embarrassment after numerous nude photos of celebrities were leaked online. This incident caused a massive stir around the world about iCloud’s security. Apple Inc. (NASDAQ:AAPL)’s CEO Tim Cook has been reiterating company’s security policies since then. He appeared in a number of interviews to explain how Apple is the best in the providing security for its customers’ data unlike Google Inc (NASDAQ:GOOGL)’s services and its mobile OS, Android, which has always been vulnerable to security attacks mainly because of its open source architecture. In a recent development, Tim Cook published an open…
In a program on CNBC, Rob Enderle, President and Principal Analyst at Enderle Group criticized Sony Corp (ADR) (NYSE:SNE) for not being able to catch up in the market. Enderle thinks that in trying to beat Apple Inc. (NASDAQ:AAPL), Sony Corp (ADR) (NYSE:SNE) has found itself distracted from the main market goals. He said that Sony must go back and rebuild itself just like Apple Inc. (NASDAQ:AAPL) did in late 90’s. “Ever since they acquired content, the company has been in trouble. Instead of the content adding value to the company, it created conflict […],” said Enderle. Enderle said that Sony…
Amazon.com, Inc. (NASDAQ:AMZN) has announced an impressive tablet for kids. It’s named as Fire HD Kids Edition and it’s loaded with a plethora of attractive features and specs. In an online announcement, Amazon.com, Inc. (NASDAQ:AMZN) claimed that the new tablet is especially designed for kids and has a state of the art HD display, Dolby digital audio and an access to the Amazon.com, Inc. (NASDAQ:AMZN)’s content ecosystem which will allow the kids to freely access the books, videos, music for learning and enjoyment. Amazon.com, Inc. (NASDAQ:AMZN) touted that the Fire HD tablet will give a free access to over 5,000…
Peter Garnry, equity strategist at Saxo Bank, thinks that Alibaba Group Holding Ltd (NYSE:BABA) has a great opportunity in the future and most of its revenue can come from mobile. He was talking in a program on CNBC. “[…] We are very excited about this. You know, online shopping in China is still a very small proportion of total consumption, so the growth potential is just enormous and we are very very optimistic on the future of Alibaba Group Holding Ltd (NYSE:BABA),” said Garnry. Answering a question about market share of Alibaba Group Holding Ltd (NYSE:BABA) in China, Garnry said…
Silicon Valley’s venture capitalist Peter Thiel is famous for his outspoken, straight forward and sometimes, funny comments about companies. Twitter Inc (NYSE:TWTR) was under the focus of Thiel’s guns when he appeared in CNBC’s famous program Squawk Box today. Discussing Thiel’s comments and the stir they have caused in a program, Squawk Alley crew said that Thiel surprised everyone with his comments about companies. They also showed an excerpt from Thiel’s interview. Here is what Thiel had to say about Twitter Inc (NYSE:TWTR). “Twitter Inc (NYSE:TWTR) is hard to evaluate. They have a lot of potential. It’s a horribly mismanaged…
Microsoft Corporation (NASDAQ:MSFT)’s CEO Satya Nadella is not ceasing to take bold decisions. In a recent development, Nadella has announced that Microsoft Corporation (NASDAQ:MSFT) is increasing its dividend by 3 cents to 31 cents a share. Moreover, the company will replace two of its senior board members when they retire, Bloomberg’s Betty Liu reported. Liu said that apparently, Nadella is pronouncing its mark on the company and telling the world that it’s not Steve Ballmer’s company anymore. The two senior board members who will have to depart are Dave Marquardt and Dina Dublon. They will be replaced by Nadella’s picked…
Analysts have reduced their expectations for the struggling Groupon Inc (NASDAQ:GRPN). The current year has been going very bad for the deals website and the company is facing a lot of tumbles in the market. TheStreet’s Jonathan Marino reported on Groupon Inc (NASDAQ:GRPN)’s market position and said that the Groupon Inc (NASDAQ:GRPN)’s latest problems has reminded everyone of its starting days. But Groupon can also reclaim its market position by taking advantage of the reduced market expectations. Apple Inc. (NASDAQ:AAPL) recently launched iPhone 6 and iPhone 6 Plus in which, mobile payment system feature is rolled out. Groupon Inc (NASDAQ:GRPN)…