Business

China's Alibaba promises $15.5B for development initiatives

E-commerce giant Alibaba Group said Friday it will spend $15.5 billion to support President Xi Jinping's campaign to spread China's prosperity more evenly, adding to pledges by tech companies that are under pressure to pay ...

Business

California moves to embrace cryptocurrency and regulate it

California, which has a economy larger than all but four countries and where much of the world's technological innovation is born, on Wednesday became the first state to formally begin examining how to broadly adapt to cryptocurrency ...

Business

Indonesia tech giant GoTo soars on market debut

Indonesia's biggest tech firm soared on its market debut Monday after a billion-dollar IPO that was the world's fifth-biggest this year, defying recent heavy weather for Asian tech stocks.

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