TC Roundup: Zuckerberg moves to mend fences with telecom industry

TC Roundup: Zuckerberg moves to mend fences with telecom industry

Zuckerberg moves to mend fences with telecom industry: Mark Zuckerberg is trying to mend fences with the telecom industry. Facing criticism from carriers that say Facebook Inc. is hurting their business models, Mr. Zuckerberg struck a conciliatory tone Monday, saying the only way to expand Internet access around the world is if carriers' revenue grows too. (The Wall Street Journal)

Alibaba ordered to stop business in Taiwan: China's e-tailing giant gets booted from neighboring Taiwan with the island state claiming it has violated rules required for a Chinese company. (Reters)

Watch out GoPro, Xiaomi's coming for you: After shaking up the global smartphone industry with its low-cost handsets, Xiaomi is moving on to its next target: the action camera market.

Taking direct aim at GoPro "the current market leader – Xiaomi on Monday launched the Yi Action Camera for 399 yuan ($64) – half the price of the entry level GoPro Hero, which retails for around $130. (CNBC)

Google X exec Mary Lou Jepsen leaves to pursue new 'moonshots' with Oculus: Mary Lou Jepsen, who has been head of Google X's display division since 2012, has left to join the maker of another high-tech set of eyewear: Oculus VR.

Jepsen's career has revolved around taking what she calls "moonshots." During her tenure at Google X, she worked on two such efforts, including Google Glass. While at the company, she reported directly to cofounder Sergey Brin. (Venture Beat)

EBay's PayPal to acquire mobile-wallet startup Paydiant: EBay Inc.'s PayPal, the digital-payments unit being spun off from the Internet marketplace later this year, agreed to buy startup Paydiant Inc. to broaden its mobile offerings for merchants.

Paydiant, founded in 2010 and based near Boston, helps retailers such as Subway and Harris Teeter Supermarkets Inc. develop mobile-payment options and customer-loyalty programs in their own applications. Terms of the deal weren't disclosed. The transaction is expected to close this month or next, PayPal said in a statement Monday.(Bloomberg)

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