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BlackBerry $5.9bn net loss

Canadian smartphone maker BlackBerry reported a $5.9 billion net loss for its latest financial year, but registered a smaller-than-predicted loss of $423 million during its last quarter ending March 1st. In the previous quarter the company…

Alibaba Tango $215 million investment

An Alibaba Tango investment of $215 million has been announced by the two companies. Alibaba is China’s major eCommerce company, and Tango is an American-based free mobile messaging service. Jerry Yang, co-founder of Yahoo, is investing an…

China Mobile profits fall

Profits at China Mobile, the largest mobile network service provider in the world, fell by 5.9% to 121.8 billion yuan ($19.5 billion). Many China Mobile subscribers are using WeChat, the free mobile messaging app service provided by Tencent…

Alibaba flotation planned in US

The expected Alibaba flotation plan in the United States has been announced by China’s major e-commerce company. In a public announcement, the firm said the US Alibaba flotation will speed up its aim of becoming a global enterprise.…