SoftBank Group founder Masayoshi Son and Alibaba co-founder Jack Ma, two of the world’s biggest tech tycoons, are parting ways after a long partnership, marking an end of an era for the global tech industry. On the other hand, US President Donald Trump’s work permit suspension could end up benefiting its neighbour Canada 1. Masayoshi […]

Tencent said on Thursday it had purchased Malaysian video streaming platform Iflix‘s “content, technology, and resources” in a bid to grow its presence in Southeast Asia. The Chinese tech giant said in a statement that Iflix’s catalogue of “international, local, and original content” would enable it to expand the reach of its overseas video streaming […]

Alphabet’s Google on Thursday took a step to resolving its spat with publishers, saying it would pay some media groups in Australia, Brazil and Germany for high-quality content and expects to do more deals with others. The U.S. internet giant has for years tried to fend off demands for payment from news publishers worldwide in […]

California plans to ask a state court judge to force Uber and Lyft Inc to classify their ride-hail drivers as employees rather than contractors, ratcheting up the tension over a new gig worker law. Shares of both companies fell nearly 8%. A hearing for the matter was set for Aug. 6. The fight is one […]

Illustration: Rahul Awasthi The government is set to approve a proposal to slash the licence fee on wired broadband services to a token Re 1 per year per circle, said people familiar with the matter. Such a move would cut home broadband costs and drive operators such as Reliance Jio Infocomm, Bharti Airtel, Vodafone Idea […]

Cyber security attacks and breaches in the country may have jumped by as much as 500% since the lockdown was first announced in March, according to security experts. Internet service providers ET spoke with said they receive cyberattack alerts from corporate clients almost every alternate day compared with an average of once a week before […]

(Representative image) India’s top internet commerce companies, including Flipkart and Amazon, have sought time from the Centre to ensure that all products sold on their platforms display the ‘country of origin’ label, multiple people aware of the discussions told ET. At a virtual meeting with the Department for Promotion of Industry and Internal Trade (DPIIT) […]

WhatsApp just can’t catch a break. The Facebook-owned messaging app had launched its payment service in Brazil last week after struggling to get approval for a full-fledged rollout in its largest market India for two years, due to various regulatory concerns. However, it now seems to have run into trouble in its second-largest market as […]

Illustration: Rahul Awasthi Facebook‘s $5.7 billion investment in Jio Platforms has received a nod from the country’s antitrust watchdog, the Competition Commission of India (CCI). ET had reported earlier this month that Facebook had floated a new Delaware, US-incorporated entity called Jaadhu Holdings LLC, that is expected to acquire a minority 9.99% stake in Jio […]