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Alibaba’s app has a social network FB would love

  Bloomberg Alibaba Group Holding Ltd. has tried to shake the perception that it’s just the EBay Inc. or Amazon.com Inc. of China, by pushing into social media and entertainment and actively investing in startups like Snapchat Inc. Chairman Jack Ma’s sprawling pursuits are starting to pay off. Alibaba’s Taobao mobile app is a riot of tiny print and icons ...

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Blockchain’s backers gather to push governance for tech

  Bloomberg Some of blockchain’s biggest backers, including people with ties to IBM and JPMorgan, will gather on Wednesday to work on the biggest issue hobbling the technology behind digital currency — the absence of grown-up governance. While growth of the internet was fostered by bodies such as the Internet Engineering Task Force, the Internet Governance Forum and the Internet ...

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China group acquires Media.net for $900mn

  Bloomberg A group of Chinese investors said it’s acquiring ad-tech startup Media.net for about $900 million in cash, with plans to eventually sell the company to an obscure telecommunications firm whose shares have been suspended from trading since last year. Media.net, which is based in Dubai and New York, is touting this as the third-largest ad-tech acquisition in history. ...

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