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May, 29, 2016

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China developer Wanda opens theme park to take on Disney
China's largest private property developer, the Wanda Group, opened an entertainment complex on Saturday that it's positioning as a distinctly homegrown rival to Disney and its US$5.5 billion Shanghai theme park opening next month.
 
Artificial reality startup Magic Leap is accusing two Silicon Valley employees of stealing the closely guarded secrets behind its technological tricks.
 
US jury sides with Google in battle over Android software
Google's Android software just dodged a US$9 billion bullet. A U.S. federal jury found Thursday that Google didn't need permission to use a rival's programming tools as it built Android -- now the world's leading smartphone operating software and a key part of Google's multi-billion dollar Internet business.
 
Silicon Valley billionaire at war with gossip site; funds Hulk Hogan suit
Billionaire Peter Thiel acknowledged funding a legal battle against the gossip website that "outed" him, sparking debate on whether the Silicon Valley mogul has taken his media war too far.
 
In 2011, a respected anti-counterfeiting coalition in Washington escalated its fight against the mainland Chinese e-commerce giant Alibaba, saying that its websites served as a 24-hour market "for counterfeiters and pirates" and should be blacklisted.
 
Microsoft and Facebook on Thursday announced they will work together to lay a high-speed internet cable across the bottom of the Atlantic Ocean.
 
French police said Thursday they had raided the French headquarters of McDonald's and seized documents last week as part of an investigation into tax fraud.
 
Facebook has become an important news source for close to half of American adults, a study showed Thursday amid increased scrutiny over the social network's gateway role.
 
Shares in the lighting division of Dutch electronics giant Philips have soared, early on their first day of trading on the Amsterdam exchange.
 
Sony Interactive Entertainment announced Thursday that PlayStation 4 sales hit 40 million units, being snapped up at a record-setting pace.
 
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