Latest Platform News

Read the latest platform economy news and important industry commentary from the editorial team at Platform Executive and our global content partners, including Thomson Reuters.

Alibaba’s books close early in $13.4 billion Hong Kong listing: sources

HONG KONG (Reuters) – Alibaba will close its order books early to prospective institutional investors as part of its $13.4 billion secondary listing in Hong Kong, according t...

Line SoftBank

SoftBank to create $30 billion tech giant via Yahoo Japan, Line Corp deal

TOKYO (Reuters) – SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech group, as it strives to comp...

TikTok

ByteDance CEO urges TikTok diversification as U.S. pressure mounts: internal note

BEIJING (Reuters) – The founder and CEO of TikTok owner ByteDance will focus on adding users of the popular video app in countries outside of its strongest markets, according...

MSFT

Microsoft updates terms on data privacy amid EU probe

BRUSSELS (Reuters) – Microsoft said on Monday it was updating the privacy provisions of its commercial cloud contracts after European regulators found its deals with European...

Interpol

Exclusive: Interpol plans to condemn encryption spread, citing predators, sources say

SAN FRANCISCO (Reuters) – The international police organisation Interpol plans to condemn the spread of strong encryption in a statement Monday saying it protects child sex p...

TikTok

TikTok owner ByteDance plans to launch music streaming – FT

Reuters – TikTok owner Beijing ByteDance Technology Co Ltd is in talks with big music labels – Universal Music, Sony Music and Warner Music – for global licensing...

Moscow Skyline

Russia’s Sberbank, Mail.Ru to invest $1 billion in online food, taxi venture

MOSCOW (Reuters) – Russian internet company Mail.Ru and state lender Sberbank have finalised the terms of a joint food and taxi platform and plan to invest 64.6 billion roubl...

Japan e-Money

Nearly 20% of Japan households using e-money but cash still king

TOKYO (Reuters) – Almost a fifth of Japanese households use electronic money for small purchases, a survey by a central bank-affilated research institute showed, up from a ye...

Crypto

Crypto backed by crypto: Dai seeks to change ‘stablecoin’ game

LONDON (Reuters) – Some are backed by dollars. Others by gold. But this “stablecoin” isn’t tied to any major asset – it’s backed by another cryp...

Big Data

Personal? Private? No such thing in data-hungry world

LONDON (Thomson Reuters Foundation) – Personal data reveals a slew of secrets about friends and family so regulators should stop fixating on individual privacy and safeguard ...

Women on social media

Women leaders driven offline and out of work by social media abuse

LONDON (Thomson Reuters Foundation) – Pervasive abuse of women on social media is driving female leaders off the internet and, in some cases, out of a job, a conference heard...

Alibaba

Explainer: Why is Alibaba listing in Hong Kong?

HONG KONG (Reuters) – Chinese e-commerce giant Alibaba is set to price its first share sale in Hong Kong next week, raising up to $13.4 billion in what will be the largest de...

ByteDance sign

China orders ByteDance’s Toutiao to fix search, saying national hero smeared

BEIJING (Reuters) – China’s internet regulator ordered ByteDance news app Jinri Toutiao to clean up its search engine, saying the search function threw up “slande...

Poor left behind

‘Digital revolution’ excluding the most vulnerable, world leaders told

LONDON (Thomson Reuters Foundation) – From tackling diseases to improving transport, technology like data and artificial intelligence has unleashed a wave of opportunities, b...