Tencent Holdings (TCEHY) has introduced an operating system for smartwatches, TVs and other Internet-connected devices, ramping up the competition for China’s booming mobile market. Called TOS+, the operating system is open to all developers, similar to Google (GOOGL) Android. The OS could pose a competitive threat to Google, Alibaba (BABA) and smartphone developer Xiaomi. Google Android is the dominant smartphone operating system in China,
Google (GOOGL)’s YouTube video platform, ratcheting up its competition with the likes of Netflix and Amazon.com, will directly invest in new shows that will be launched in partnerships with four of YouTube’s top content creators during the next two years, the Web search leader said in a blog post Tuesday. And YouTube also will partner with another content creator, DreamWorks Animation’s (DWA) AwesomenessTV, on films, with the first set to roll out
Search leader Google (GOOGL) saw its stock gap up to a six-month high and it received at least four price target boosts Friday as Wall Street sees the company capitalizing on major Internet trends. The company late Thursday, however, posted Q1 earnings and revenue that missed analyst consensus estimates. “While the top-line missed, we view Q1 as a strong result,” largely because the company posted revenue growth of 17% year over year on a