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.» Read More
SEOUL, South Korea— China and South Korea on Thursday agreed measures that will expand the use of China's tightly controlled currency and boost trade as Xi Jinping made his first presidential visit to the Korean Peninsula. At a press conference, Park said South Korea and China will aim to complete long-running free trade talks by the end of this year.
SEOUL, South Korea— The economic relationship between China and South Korea looks like it couldn't be better as Xi Jinping arrives in Seoul Thursday for his first presidential visit to the Korean Peninsula. China is South Korea's largest trading partner.
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.
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.
This stock has climbed roughly 86 percent year-to-date, but Jim Cramer thinks it has even more room to run.
David Chao, Co-Founder and General Partner at DCM, explains why Tencent is the frontrunner in China's competitive mobile space.
May 14- Good Technology Corp, a provider of software security solutions, filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock.
Some of Monday's midday movers: