Alibaba joins a chorus of technology giants pouring money into President Xi Jinping's goal of "common prosperity" as the sector faces scrutiny from regulators.
Amazon Web Services doesn't disclose profit margins by product. Outsiders said network-transfer fees and storage could be making meaningful contributions.
On a residential back street of Houston, 200 oil and gas execs and bitcoin miners mingled, drank beer, and talked shop on a recent Wednesday night in August.
"Apple's selective tweaks to its App Store rules are welcome, but they don't go far enough," Spotify chief legal officer Horacio Gutierrez tweeted on Thursday.
Business news related to the technology industry, including Apple, Amazon, Microsoft, Google, and Facebook, plus consumer electronics, start-ups, cryptocurrency, media, advertising, streaming, venture capital, antitrust and regulation.