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Microsoft extended the revenue guarantee it provides to Yahoo! in the companies' underperforming search partnership, Yahoo! said.
Yahoo seeks to break its reliance on an "aging demographic" and become more relevant among young adults.
Yahoo! Inc chief executive Marissa Mayer's RM3.3bil acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal.
China's e-commerce giant Alibaba Group Holding Ltd's will use proceeds from its potential IPO to fund acquisitions
Baidu Inc, China's top Internet search engine, said on Tuesday that it would buy app store 91 Wireless for US$1.9bil (RM6.03bil), as it looks to diversify beyond its mainstay search business and beef up its presence in the mobile sector.
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.
A South China Morning Post journalist has quit in a controversy over disputed remarks that Jack Ma had reported to have made in support of Beijing's violent crackdown on Tiananmen Square protesters in 1989.
Chinese technology giant Tencent Holdings Ltd is planning to list its popular messaging app Weixin, or WeChat, as a spinoff company in Singapore, the official China Daily reported on Tuesday, citing an unnamed source.
China's e-commerce market is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy firm Bain & Company says.
An early launch of Apple's latest smartphone in China is expected to stifle a thriving grey market.