TC Roundup: Apple loses Taiwan anti-competitive practices court case

17 Jun, 2015

Apple loses Taiwan anti-competitive practices court case: Apple Inc (AAPL.O) has lost a lawsuit in which it was accused of engaging in anti-competitive practices and will be fined T$20 million ($647,124), a Taiwan court said on Wednesday.

The island's Fair Trade Commission had previously levied the fine against the Silicon Valley firm for requiring its major Taiwan telecom partners to receive approval for pricing plans for its wildly popular iPhone series in advance of public release, in violation of Taiwanese law. (Reuters)

'China's Airbnb' valued at more than $1 billion: China's answer to Airbnb Inc.,, raised about $250 million in its latest funding round, valuing the startup at more than $1 billion, people familier with the matter said. (The Wall Street Journal)

Uber hires former Google Maps chief to work on advanced research: Google Inc.'s former head of mapping is joining Uber Technologies Inc., as the mobile-car booking startup ramps up efforts to develop its own technology related to maps, navigation and transport.

Brian McClendon will lead Uber's Advanced Technologies Center, the San Francisco-based company said on Tuesday. McClendon will report to Jeff Holden, Uber's chief product officer. (Bloomberg)

What is Jack Ma's net worth?: Jack Ma, the billionaire founder of Chinese ecommerce giant Alibaba, is a wealthy man. That much was true even before Alibaba's massive 2014 IPO pumped his company's value into the stratosphere. But just how much is the man himself worth these days? (Tech in Asia)