Qi Lu speaks during a keynote session at the Microsoft Developers Build Conference in San Francisco, California, U.S. on March 31, 2016.

Y Combinator to set up China arm with ex-Baidu COO Qi Lu as CEO

David Paul Morris | Bloomberg | Getty Images Qi Lu speaks during a keynote session at the Microsoft Developers Build Conference in San Francisco, California, U.S. on March 31, 2016. American start-up incubator Y Combinator is setting up shop in China, with a new unit to be led by former Baidu chief operating officer Qi […]

Bob Iger, chairman and chief executive officer of The Walt Disney Co.

Hulu loses roughly $1.5B a year, and Disney is set to double its stake

As of this week, Hulu’s major stakeholders have all reported earnings for the most recent quarter — and all three posted some big losses for the streaming service as it ramps up investments. Hulu doesn’t report official numbers — and declined to comment for this story — but some rough math of write-downs by Comcast, […]