Uber Technologies Inc said on Monday it had appointed consumer industry veteran Robert Eckert to its board as an independent director.
SoftBank Group Corp plans to raise as much as $41 billion to buy back shares and reduce debt in an unprecedented move to restore investor confidence as a financial market rout pummels its shares and its portfolio companies.
As people in China retreated indoors in late January to avoid the coronavirus, Alibaba's supermarket chain Freshippo faced a dilemma: online orders for fruit were soaring but supplies were low.
SoftBank Group Corp said on Monday it is selling or monetizing up to 4.5 trillion yen ($41 billion) in assets to buy back 2 trillion yen of its shares and reduce debt, sending its stock soaring to its biggest daily gain in nearly 12 years.
The special committee of WeWork's board is preparing for a fight against Japan's SoftBank Group Corp saying that SoftBank should complete its tender offer promised to the office sharing company's employees and shareholders.
Facebook Inc Chief Executive Mark Zuckerberg said on Sunday that the social media company has donated its emergency reserve of 720,000 masks to provide health workers with more protective gear.
Netflix Inc said it will cut traffic by 25% on networks across Europe in a relief measure for internet service providers (ISPs) experiencing a surge in usage due to government "shelter in place" orders aimed at slowing the coronavirus outbreak.
Amazon.com Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses as the world's largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck at home during the coronavirus outbreak.
Amazon.com will stop shipping non-essential products to consumers in Italy and France, the company said on Saturday, representing an escalation in the e-commerce giant's response in regions hard hit by the coronavirus outbreak.
Alphabet Inc's Google said on Saturday it launched a United States-focused website with information about coronavirus guidance and testing, as the country works on slowing the spread of the highly contagious virus.