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Yahoo Inc's chief development officer, Jacqueline Reses, is leaving the company to join mobile payments company Square Inc, Bloomberg reported, citing people familiar with the matter.
China's most popular ride-hailing app Didi Kuaidi said it has invested in Indian peer Ola, forging a new alliance within a network of companies challenging US rival Uber Technologies Inc.
Chinese police have arrested an Uber driver suspected of robbing and molesting a female passenger at knifepoint, sparking concern over the safety of increasingly popular but loosely regulated hire cars.
Police raided the Hong Kong offices of ride-hailing service Uber Inc and arrested five drivers for the "illegal use of vehicles for hire", police said.
Yahoo seeks to break its reliance on an "aging demographic" and become more relevant among young adults.
Marissa Mayer's plan to resuscitate Yahoo! seems a simple one: get back the eyeballs, sell more ads and charge higher prices. But the chief executive's plan seems to have run into a major snag.
Microsoft extended the revenue guarantee it provides to Yahoo! in the companies' underperforming search partnership, Yahoo! said.
SoftBank Corp has no plans to invest in messaging application Line Corp, Ken Miyauchi, chief operating officer of Japan's No 3 mobile carrier, told reporters on Friday.
PayPal's biggest threat as it prepares to split from eBay next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal computers.