The "Fast Money" traders share their final trades of the day.» Read More
HONG KONG, July 22- Hong Kong's benchmark index jumped to its highest in nearly 7-1/ 2 months on Tuesday, helped by stronger Chinese markets on the mainland and recent fund inflows which pushed up the territory's blue-chip stocks. Tencent Holdings spiked 2.1 percent, partly lifted by peer Baidu's record high close in New York.
HONG KONG, July 22- Hong Kong's benchmark index reached its highest level in more than seven months early on Tuesday, leading gains in Asia, as recent fund inflows pushed up the territory's blue-chip stocks. Also pushing up the index were moves by investors to cover their short positions in the absence of negative news from China.
Tim Draper, winner of an auction of 30,000 bitcoins, called the sale a vote of confidence by the government in the nascent crypto-currency.
NEW YORK, July 2- Venture capitalist Tim Draper was the sole winner of an auction last week of 30,000 bitcoins by the U.S. Marshals Service auctioned off 29,655 bitcoin at an estimated worth of about $18 million in an online, sealed-bid auction that drew more than 40 bidders, including a number of well-known players in the crypto-currency.
*Alibaba the king of online retail on personal computers in China. *Alibaba headed for big IPO in New York this year. BEIJING, July 1- Chinese e-commerce giant Alibaba Group Holding Ltd may have dominated online retail on personal computers, but is some way from replicating that leadership in shopping by smartphone and other mobile devices.
*Google, Apple, Amazon among those well positioned- KPMG. MONACO, June 27- Tech companies pose a growing threat to traditional asset managers and the financial services industry needs to up its game to meet the challenge, even though the hurdle of regulation is holding back rapid change, industry executives said.
KL taxi drivers are known for their reluctance to use the meter. But now the app GrabTaxi allows users to check drivers' backgrounds and gauge fares.
Users of a betting site could not gamble on World Cup games amid a spat over an online payments engine outage between China's two internet groups.
China is still the best investment opportunity globally, according to a prominent developing markets mutual fund manager.
The "Fast Money" traders share their final trades of the day.
Despite having about one-fifth the worldwide total of Internet users, China is notoriously tough for U.S. venture capital firms.
The day has been long for Justin M. Leverenz, who runs America's largest emerging markets mutual fund at Oppenheimer Funds.
For some young Chinese, the desire to work for foreign companies may be losing its appeal.
Alibaba will likely file new documents next week on first-quarter results and a breakdown of Alibaba's businesses and partners, sources told CNBC.
BEIJING, June 11- Alibaba Group Holding Ltd said on Wednesday it will buy all the remaining shares of mobile browser firm UCWeb in the biggest merger in Chinese internet history, as the e-commerce giant steps up its spending spree ahead of its U.S. listing.
SHANGHAI, June 5- Chinese censors are investigating 52 websites owned by firms including top search engine Baidu Inc and online video business Youku Tudou Inc over the distribution of violent and pornographic content, the official Xinhua news agency said on Thursday.
What Google may buy, if it goes on a global buying spree.
Yu'e Bao, available on smartphones, is conveniently linked to China's biggest online payments platform Alipay, similar to PayPal and owned by an affiliate of e-commerce giant Alibaba Group Holding Ltd. Users can dip directly into Yu'e Bao to pay for goods bought online.
Baidu has hired Google's former artificial intelligence chief to start a new AI lab at the Chinese search engine.
SAN FRANCISCO, May 16- China's top search engine Baidu Inc has hired Google Inc's former artificial intelligence chief Andrew Ng to spearhead research in a field that promises to show Internet companies how to maximize use of their vast data trove.