Asia

Baidu gave an upbeat revenue outlook after reporting a 34% rise in second-quarter profit as the Chinese Internet giant's bet on mobile services started to pay off.

China Internet giant Alibaba finally shed fuller light on why it transferred its payment unit into the hands of key managers. That may soothe some investors, but highlights the government's unpredictable role in regulating China's Internet.

Facebook's services resumed after an outage that affected the social-networking giant's apps and website world-wide.

Microblogging service Weibo will likely remain unprofitable this year, its chief executive said, as the Chinese company increases investments to acquire new users.

Chinese Internet search company Baidu raised $1 billion in a U.S. dollar-denominated bond sale, according to a person familiar with the situation Thursday.

Chinese search company Baidu plans to sell a benchmark-sized U.S. dollar-denominated bond.

Just days after saying officials would travel to Singapore and Japan to discuss censoring online anticoup dissent with Facebook and Google, Thailand's junta now says the trip is off.

The Chinese Internet giant will pay about $249 million for a minority stake in Singapore Post, as part of a tie-up to create an international e-commerce logistics business.

A Chinese government report accused the U.S. of Internet surveillance into the highest levels of its leadership and key national institutions.

Chinese Internet company Sina gave a cloudy profit outlook despite continued user growth at Weibo, its Twitter-like service. It could be a while until investors get an all-clear signal.

Lenovo's chief said its purchase of Google's Motorola handset business will help the company overcome slower growth and hotter competition in China's smartphone market.

Yahoo is close to finalizing an acquisition of video-streaming startup RayV, which would bolster its Web-video technology.

Conduit, one of Israel's largest Internet companies, this week launched Como, an automated, native mobile app creation platform, which the company says has more than 600,000 publishers.

Activist investor Becker Drapkin Management LP has taken a 7.2% stake in XO Group Inc. and is raising questions about the operations role of founder and Chairman David Liu.

Russia's dramatic moves to control Web access are a glimpse of the future.

The maker of Chinese dating and chat app Momo is plotting a possible U.S. initial public offering this year, people familiar with the matter said.

Russia's parliament approved a package of bills that impose sweeping new restrictions on the Internet and blogging. The proposals drew wide criticism from local technology companies and pro-democracy activists.

Discussions of an acquisition of Indian online clothing retailer Myntra Designs by India's largest online retailer, Flipkart Online Services, are stalled.

Chinese Internet company Tencent Holdings Ltd. completed a $2.5 billion bond sale in the U.S., marking the firm's largest U.S. debt deal on record.