Bloomberg India is emerging as the testing and acquisition playground for global consumer technology companies, especially the so-called FAANGs, according to a veteran internet analyst. RBC Capital Markets’ Mark Mahaney, who calls himself Wall Street’s “oldest internet analyst” after covering the sector for more than two decades, said India is now more popular than markets like China because it has ...

Bloomberg Sony Corp cut the price of its PlayStation Now video-game service in half, to $9.99 a month, a reflection of the increasing competition in online offerings. The industry leader in video games said it’s also adding limited runs of top-selling titles to the service, such as Take-Two Interactive Software Inc’s Grand Theft Auto V, and launching the first global ...

Bloomberg Chinese firms have been snapping up US soybeans, but don’t mistake this as a sign of buyer confidence in upcoming trade talks. The companies, which received a fresh 2 million-ton quota from Beijing to import American beans free of retaliatory tariffs, have been seeking soy every day so far. That’s likely because they want to rush through orders in ...