TC Roundup: Alibaba's Ma says open to working with Apple on payments
Alibaba's Ma says open to working with Apple on payments: Alibaba Group Holdings Ltd executive chairman Jack Ma said he's open to working with Apple Inc on mobile payments, as China's richest person prepares to call on Hollywood this week in search of media partners.
Alibaba affiliate Alipay is China's largest payments service, while Apple just this month debuted its own version of a mobile wallet, letting iPhone 6 users make payments at retailers with their smartphones. (Reuters)
YouTube considers paid, ad-free subscriptions: Google Inc.'s YouTube is working on a paid-subscription business model, a big change from the advertising-only approach that turned it into the world's largest online video website, according to a top executive at the Internet giant.
The change is being led by Susan Wojcicki, a veteran Google executive who spent years on the advertising side of the company. (The Wall Street Journal)
Twitter CEO Costolo will be "opportunistic" on acquisitions: User growth issues continue to linger for Twitter despite beating Wall Street estimates Monday afternoon, and Twitter is working to find other ways to grow. As we've said before, an acquisition to help move things along may not be a bad idea.
Twitter's monthly active users grew 23 percent over the same period last year to 284 million in Q3, but analysts latched onto timeline views, a metric better used to represent engagement, that is growing much slower than it was a year ago. Twitter CFO Anthony Noto told analysts to expect more of the same in Q4, and the stock is down more than 10 percent in after-hours trading as a result. (Recode)