Sony Music Entertainment announced a new digital distribution partnership in China with local internet firm NetEase. The move is the latest challenge to Tencent’s dominance in China’s music streaming market. Sony Music also said it will extend its existing digital distribution agreement with Tencent Music Entertainment in China, but Tencent no longer is the exclusive Chinese online distributor...
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Alphabet’s self-driving car subsidiary Waymo on Wednesday said it raised $2.5 billion from investors, with an asterisk: Alphabet was the lead investor in the round, according to a person familiar with the deal. In Silicon Valley, the lead designation usually belongs to the party that contributed half of the total amount in the round. So either Alphabet CFO Ruth Porat wanted to make sure...
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