Exclusive: Help us fight fakes, Alibaba's security chief tells global brands: When it comes to fighting fakes, Alibaba's head of internet security says cooperation beats the courtroom any day.
Ni Liang, who runs the Hangzhou, China-based company's anti-counterfeiting operations, was speaking to Reuters days after Gucci, Yves Saint Laurent and other luxury brands owned by Paris-based Kering SA sued Alibaba in New York, alleging the e-commerce giant had knowingly made it possible for counterfeiters to sell fakes. (Reuters)
Wish, a direct-from-China shopping app, lures bargain hunters: On the smartphone shopping app Wish, everything is a bargain: A $2,470 man's watch for $69! A $399 waterproof Wi-Fi camera, just $89! $229 stilettos for the low, low price of just $32! (The Wall Street Journal)
Chinese taxi app Yidao Yongche hints at deal with Uber: Uber appears to be on the cusp of a deal with a rival ride-sharing app in China that could boost its presence in the country.
Yidao Yongche, one of the companies that pioneered an Uber Black-like limousine service in China, used microblogging platform Sina Weibo to hint at a coming together with Uber. Representatives from Uber declined to comment further, but any deal would represent another consolidation in China's taxi-hailing space following the surprise multi-billion dollar merger between arch rivals Kuaidi Dache and Didi Dache announced back in February. (Those two companies are estimated to account for over 90 percent of China's taxi-app market.) (Tech Crunch)
Apple CEO Tim Cook tells graduating class to fight injustice: Apple Inc. chief executive officer Tim Cook, in a rare public speech, called on new college graduates to fight for what they believe in and said his journey of self discovery led to his view that equality is a right. (Bloomberg)