Simon Xie is the only individual besides Executive Chairman Jack Ma who owns the domestic Chinese companies.» Read More
Asian stocks kicked off the week lower after heavy losses on Wall Street at the end of last week.
Technology stocks led a global downturn on Monday, after a selloff in U.S. stocks on Friday hit market confidence.
TOKYO, April 7- Japan's Nikkei share average tumbled to a one-week low on Monday dragged down by tech shares following a slide on Wall Street, while a strong yen hit exporters to round out a harsh day for the market.
*Daiichi Sankyo soars after Sun Pharma buys Indian unit Ranbaxy. *U.S. jobs data positive but overshadowed by Wall Street slide.
Asian equity markets ended mixed on Friday with investors hesitant to make bets ahead of the U.S. non-farm payrolls report.
TOKYO, April 4- The Nikkei average slipped from a three-week high on Friday on caution before the release of U.S. jobs data, but speculation that the Bank of Japan may adopt more stimulus next week underpinned shares of real estate and brokerage firms.
Masayoshi Son, the man behind Japan's leading internet venture Softbank, is the country's wealthiest individual with a net worth of $19 billion, according to Forbes.
*Tencent, banks and regulators stand in Alibaba's way. HONG KONG/ BEIJING, April 3- Alibaba, the world's biggest e-commerce company, changed how China shops. Joe Tsai, executive vice chairman of Alibaba Group Holding Ltd, sees an Alibaba future that stretches from banking to education, travel to entertainment.
Asian stocks ended mostly higher on Friday as growing hopes of policy easing in China offset a weak lead from Wall Street.
TOKYO, March 28- Japanese stocks rose to two-week highs on Friday in choppy trade ahead of the approaching fiscal year-end, while Yahoo Japan Corp dived on questions over strategy following news it will buy mobile network operator eAccess from SoftBank Corp. Gains in Asian markets helped the Nikkei share average end 0.5 percent higher at 14,696.03, the best close since March 13.
*Yahoo Japan tumbles on eAccess buy.
SAN ANTONIO, March 27- Japan's SoftBank Corp is in talks with Dish Network Corp on a fixed wireless broadband partnership, the chief executive officer of SoftBank told Reuters on Thursday.
SAN ANTONIO, March 27- Japan's SoftBank Corp is in talks with Dish Network Corp on a fixed wireless broadband partnership, the chief executive officer of SoftBank told Reuters on Thursday. "They have the satellite and we have the network that we can collaborate on.
Asian stock markets closed mostly lower on Tuesday following losses on Wall Street overnight and as investors fretted over Ukraine and China.
NEW YORK, March 21- Sprint Corp cut 330 jobs and closed 55 stores around the country this week, as part of an ongoing plan to shrink its workforce in 2014, Cnet.com reported. The operator also closed call centers in New York, Kansas, California and is shrinking centers in Florida and Texas.
HONG KONG, March 20- Even before Alibaba Group Holding Ltd kicks off its first underwriter meeting for its planned U.S. IPO, traders are pouncing on the deal, betting the valuation of the Chinese e-commerce giant may leap to around $250 billion by the debut, according to IG Group.
Asian equity markets rose on Tuesday, stabilizing after recent volatility, as the implementation of sanctions on Russia lifted global risk appetite.
Asian stocks started the week mixed as concerns escalate over Ukraine after exit polls from a weekend referendum showed Crimea voting to join Russia.
The "Fast Money" traders share their final trades of the day.