Google Inc. shares rose to a record after the company unveiled a subscription music-streaming service and overhauled its online maps, part of several product updates aimed at attracting more users and advertisers.
Alibaba Group Holding Ltd., the world’s biggest online retailer, will seek partners for payment processing and logistics as it tries to lure more overseas shoppers ahead of an expected initial public offering.
Pandora Media Inc., the biggest online radio service, said a 40-hour monthly limit on mobile users imposed earlier this year has cut music streaming and content costs as intended, while the audience continued to grow.
Alibaba Group Holding Ltd. doesn’t want to be the next Facebook Inc. -- at least for its prospective initial public offering. The world’s biggest online retailer is considering a more conservative valuation than what the social-networking company achieved last year, a person familiar with the situation said.
Amazon.com Inc., the world’s largest online retailer, surged to a record after Morgan Stanley said the company’s network of distribution centers will help it win share in an expanding global e-commerce market.
Pandora Media Inc.’s online music service is so popular among smartphone users that it’s the most- downloaded free music program on Apple Inc.’s and Google Inc.’s app stores. So far that hasn’t won over mobile advertisers.
Amazon.com Inc., the world’s largest Internet retailer, surged after reporting gains in sales and North American operating margin as it benefited from investments in warehouses and a jump in holiday shopping.