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China's Alibaba signs digital distribution deal with music rights group BMG
Alibaba founder and chairman Jack Ma poses for media while touring the CeBIT trade fair in HanoverGermany's BMG music rights company said on Monday it had signed a music digital distribution deal with China's Alibaba Group Holding Ltd , as the world's largest e-commerce firm firms up its bid to become a digital media empire. The deal, one of the first in China made by a major music publisher rather than a label, will bring more than 2.5 million copyrights to Alibaba, whose music platforms already had many of the songs from artists including Kylie Minogue, the Rolling Stones and Jean-Michael Jarre, an Alibaba spokeswoman said. Alibaba has set its eyes on becoming an online-media powerhouse, with music, film and television.
Mon, 30 Mar 2015 07:05:34 -0400
German firms embrace start-ups to catch up with digital world
By Caroline Copley DUESSELDORF, Germany (Reuters) - Latecomers to the digital age, big German companies have started teaming up with start-ups to shake up their conservative business culture and keep pace with a world increasingly dominated by nimble tech giants. More than half of the firms on Germany's blue-chip DAX index trace their roots back to the 19th century or earlier. German companies are the engine of Europe's biggest economy, which is the financial bedrock of the euro zone. Mindful of the danger, companies such Metro, Bayer, Evonik, Merck KGaA and Deutsche Telekom are now investing in start-ups - seeking to gain digital expertise, as well as to embrace newcomers whose innovations could represent threats to their own businesses. Mon, 30 Mar 2015 08:16:19 -0400
Jack Lew to discuss China technology policy, urges market reforms
Lew meets Wang in BeijingTreasury Secretary Jack Lew said on Monday he would discuss with the Chinese government recent technology policy moves that Washington has complained constitute unfair regulatory pressure on foreign firms. China said earlier this month work was ongoing on a draft anti-terrorism law that would require foreign companies to hand over encryption keys and otherwise facilitate Beijing's ability to bypass security measures, despite U.S. protests. "We have already made clear our concerns regarding forced technology transfer and other attempts to bar technological competition, most recently in the banking sector, and I look forward to further discussion today," Lew said, in remarks made during a meeting with Vice Premier Wang Yang in Beijing. President Barack Obama said he had raised the issue directly with China's President Xi Jinping, but Beijing denied U.S. statements that the law had then been put on hold.
Mon, 30 Mar 2015 05:53:32 -0400
Amazon.com expands into professional services with home marketplace
By Nandita Bose CHICAGO (Reuters) - Amazon.com Inc is launching a home services marketplace that will connect customers with electricians, plumbers and painters in a move to have its services tied to every product sold on its website. Amazon Home Services, which will launch on Monday, will allow customers to buy 700 services such as car maintenance, TV wall-mounting and house cleaning at upfront prices. The quality of the service will be backed with an Amazon guarantee, which the retailer uses to vouch for products sold by third-party sellers on its website. A home services marketplace will extend Amazon's role as a middleman for third-party vendors, which account for about 40 percent of its sales. Mon, 30 Mar 2015 08:11:36 -0400
Taiwan seeks stronger cyber security ties with U.S. to counter China threat
Chang attends an interview in TaipeiBy Michael Gold and J.R. Wu TAIPEI (Reuters) - Taiwan wants to join a major anti-hacking drill conducted by the United States to strengthen cyber security ties with its staunchest ally, its vice premier said on Monday, a move which would help safeguard against constant targeting by hackers in rival China. Many hacks into Taiwan systems have been traced to sites belonging to China's People's Liberation Army, Vice Premier Simon Chang told Reuters in an interview, without elaborating on the locations. "Taiwan has no enemy in the international community except you-know-who. Who in the world would try to hack Taiwan?" Chang, a former director of Asia hardware operations for internet giant Google Inc, said.
Mon, 30 Mar 2015 07:27:25 -0400
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