The political connections of investors raise questions about Alibaba as it prepares to go public in the U.S. The New York Times reports.» Read More
*Nikon hits lowest since March 2011 on profit decline f'cast. *Sony, megabanks' earnings eyed on Wednesday. TOKYO, May 14- Japan's Nikkei average edged down on Wednesday, slipping from a 1-1/ 2- week high on profit-taking after big gains the previous day, while Kadokawa Corp and Dwango Co soared on a media report that the two firms plan to merge.
Nexenta makes open source-based "software-defined storage", which a client uses to save data on hardware from other vendors, thereby avoiding costly' package deals' that require buying hardware and software from the same vendor such as NetApp Inc or EMC Corp..
BEIJING, May 13- Jack Ma, the founder and executive chair of Alibaba Group Holding, said investors and entrepreneurs can fall out like domestic couples squabbling over their children in a blog post published late on Monday as the Chinese e-commerce juggernaut prepares for its blockbuster initial public offering.
A subtle warning: investors should know that Alibaba founder Jack Ma might work against the company's best interests.
*To raise Y300 bln in subordinated yen, dollar loans. TOKYO, May 8- Suntory Holdings Ltd aims to raise more than 800 billion yen in debt to finance its purchase of U.S. spirits company Beam Inc, Japan's third-biggest outbound deal ever, people with knowledge of the deal said on Thursday.
Asian shares rebounded on Thursday following the previous day's sharp sell-off as investors await trade figures from China.
Angry Chinese nationalists finally woke up on Wednesday to the fact that Japanese and American companies have owned over half of Alibaba for years.
TOKYO, May 7- SoftBank Corp's billionaire CEO Masayoshi Son said his company would not cash in any of its stake in Chinese online retailer Alibaba when it lists in New York in what could be the largest market debut ever by a technology company.
Jack Ma began his career as an English teacher. Today, two of his websites account for more than half of the packages shipped through China.
"Jack Ma is a big traitor," wrote another user on Tencent Weibo, a major Twitter- like Chinese microblogging site. In its IPO prospectus, Alibaba detailed ties with its two principal shareholders- Japanese telecoms firm SoftBank Corp, which owns a 34.4 percent stake, and Yahoo Inc with a 22.6 percent stake.
TOKYO, May 7- Japan's SoftBank Corp said it would not sell any of its shares in Chinese online commerce company Alibaba Group Holding Ltd, which is preparing for what could be the largest market debut by a technology company in history.
Asian equities were sharply sold off on Wednesday on mounting concerns that Ukraine was on the brink of a civil war.
TOKYO, May 7- Japan's SoftBank Corp on Wednesday forecast its operating profit would fall by about 8 percent this financial year from last year's record high as it loses one-off benefits from the consolidation of some of its units.
*Chinese e-commerce giant files for most anticipated IPO since Facebook. Alibaba Group Holding Ltd, which powers 80 percent of all online commerce in the world's second-largest economy, is expected to raise more than $15 billion, and could top the $16 billion pulled in by Facebook Inc when it listed in 2012..
*Index heavyweight Fast Retailing hits lowest since November. TOKYO, May 7- Japan's Nikkei share average tumbled to a three-week low on Wednesday as a stronger yen dragged down exporters and ongoing concerns about Ukraine hurt market sentiment.
Chinese e-commerce giant Alibaba Group is relatively unknown in the U.S. But that's about to change.
Asian markets will have to contend with Chinese economic data for April alongside a slew of central bank policy decisions across the region in the week ahead.
Investors—some of whom have been singed by the recent setbacks—are beginning to think that the era of goodwill despite meager earnings is ending.
That would benefit the No. 3 and No. 4 carriers, Sprint Corp and T-Mobile US Inc, by limiting the two biggest carriers, Verizon and AT&T Inc, which dominate the highly valued low-band spectrum.
*Raises 2014 adj earnings forecast to $4.36/ share from $4.16. Harman won a $100 million deal with Japan's No. 3 mobile carrier Softbank Corp in February to provide Bluetooth wireless speakers, Chief Executive Dinesh Paliwal told Reuters.