Tech Five: Google to open 'YouTube Space' in Mumbai

Google is making moves to harness even more talent from one of the world's biggest technology markets: India.

The tech giant announced plans to open up a new "YouTube Space" in Mumbai, where content creators will have free access to audio, visual, and editing equipment, as well as training program, workshops, and community events.

Let's take a look at the tech stocks to watch Wednesday:

Google (GOOG): Google has already set up YouTube spaces in Los Angeles, London, New York City, Tokyo, Sao Paulo, and Berlin. The company said it decided to open another space in Mumbai because "Indian creators are now among the top contributors in Asia when it comes to driving time spent on YouTube watching videos." There is no official launch date for this space, but the company said it is "coming soon." Shares of Google were up nearly 1% Wednesday morning.

Twitter (TWTR): Twitter announced plans to accelerate a push for content partnerships in the Asia Pacific and the Middle East. The company said in a press release Tuesday that it plans grow teams in major digital markets, such as Australia, India, Japan, and create new ones in Greater China and Southeast Asia. This move comes as the site experiences lagging user growth and disappointing stock performance. Company shares were down more than 3% Wednesday.

Comcast (CMCSA): Shares of Comcast were slightly up nearly 1% Wednesday after its media subsidiary, NBCUniversal, announced plans to invest in BuzzFeed. NBCUniversal plans to make a $200 equity investment in the global media company that is geared toward the younger generation. This deal comes a week after NBCUniversal invested the same amount in Vox Media, which is the owner of several websites that are also popular among younger readers.

Tesla (TSLA): Shares of Tesla were given a bit of reprieve earlier this week after Morgan Stanley raised its price target, however the company was back down to red Wednesday morning. The electric automaker had a rough ride last week after the company reported grim earnings, leading its stock to tumble. Company shares jumped nearly 4% Monday morning after Morgan Stanley raised the price target, but were down more than 1% Wednesday.

Alibaba (BABA): Alibaba's cloud computing arm, Aliyun, plans to open a data center in Singapore, according to CNBC. This new facility in Singapore is seen as a "strategic" center, which could give Aliyun a leg up against its competition from U.S. cloud giants such as Amazon Web Services. Shares of Alibaba were down nearly 1% Wednesday.

Follow Paste BN reporter Trisha Thadani on Twitter: @TrishaThadani