Following a year of stagnant growth in the number of users, one of the largest social media companies Twitter surprised analysts by reporting an increase in the average monthly user number for the first-quarter and further surprised analysts by reporting better than expected revenues.  ...

Despite being cornered in a number of western countries including the United States, there was a 39 per cent increase in the first-quarter revenue at 179.7 billion yuan ($26.81 billion) for the Chinese tech giant Huawei Technologies, the company announced on Monday.   This is the first ever...

Instead of selling goods over its e-commerce platform, e-commerce giant Amazon wants to concentrate on the profitable businesses of selling overseas goods and cloud services in China and has thus announced the closure of its online stores in the Chinese market which has the largest population in...

Despite the bad performance of the stocks of US ride hailing company Lyft Inc after its much hyped IPO, the market apparently seems to be showing some confidence in the tech IPO market because of the more than expected valuation for online scrapbook firm Pinterest Inc’s initial public offering...

According to a report from Reuters quoting sources with knowledge, iPhone maker Apple is holding negotiations with at least four companies for selecting as possible suppliers of lidar sensors in self-driving cars with the aim of judging the technology of the suppliers while still carrying on with...

A court ruling in the United Kingdom that has allowed the filing initiation of a £14bn class action lawsuit against Mastercard has raised the possibility of every adult citizen in the country getting a payout of up to £300 from the payments company.   It has been alleged that over a period...

Increase in jet fuel costs and the increasing capacity of seats in Europe were cited to be the reasons for an operating loss of 336 million euros or $380 million for the first quarter of the current year for Lufthansa. As a consequence, the shares of the company dropped on Tuesday.   The...

Global healthcare giant Johnson & Johnson (J&J) reported a 14 per cent dip in its profits for its first quarter because of increasing legal costs as the company negotiates thousands of lawsuits against it over allegations that its talc baby powder was causing harm to users. the company has...

The often criticised but rampant work culture of gruelling overtime at many of the tech companies of China has been defended by the billionaire founder of the Alibaba Group Jack Ma. He has said that such a work culture is a "huge blessing" especially for the young employees.   These comments...

Following the announcement of the long awaited launch of its streaming services and some positive reviews and comments about the proposed business where in they said that the aggressive pricing strategy of the video streaming services is good enough to help it rival the likes of Netfilx and Amazon,...

The US ride hailing company Uber opened up its finances in a prospectus on its IPO on Thursday as it prepares for the largest initial public offering in years.    While there is much enthusiasm about the IPO among investors and analysts, questions about the sustainability of the...