Chinese e-commerce giant Alibaba is reportedly making a big investment in a local food delivery service.
Let’s look at tech stocks to watch Monday:
Alibaba. The company will invest $1.25 billion in Chinese online food delivery service Ele.me, reports Reuters, citing a Chinese business weekly. The move would make Alibaba the startup’s largest shareholder with a 27.7% stake.
Amazon. The online retailer says more than 3 million people subscribed to its Prime service during the third week of December. The company also revealed its total number of Prime members worldwide is now at “tens of millions.”
Apple. The tech giant is seeking an additional $180 million in supplemental damages related to its patent case, reports blog Foss Patents. Earlier this month, Samsung urged the Supreme Court to overturn a $399 million award to Apple in a ruling over design patents.
Comcast. The first modem capable of gigabit broadband speeds went live in Philadelphia, the cable giant revealed. The gigabit speed option will be available to Comcast customers before the end of 2016.
Follow Brett Molina on Twitter: @brettmolina23.
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