The company is now planning to price its IPO sometime after Labor Day, a person briefed on the matter said on Thursday. The New York Times reports.» Read More
Beijing’s latest “clean-up” act may dent WeChat’s global expansion plans, but analysts say the messaging app will survive the month-long censorship.
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.
Some of Thursday's midday movers:
Lorillard is among the companies making headlines after the bell Wednesday: Lorillard, NetApp, Rexnord & more.
Some of Monday's midday movers:
As the Alibaba F1 hits the SEC, the Chinese equivalent of Amazon has aspirations to be the domestic equivalent of YouTube and Twitter.
May 2- Chinese Internet firm Sina Corp said it was fined 5.1 million yuan by Beijing authorities for allowing "unhealthy and indecent content" on its online reading channel and on its main website.
Alibaba is scrambling to increase its mobile footprint, and that should concern investors.
BEIJING, May 1- China's censors are asserting their authority over foreign TV content on the country's booming online video sites, after years of hands-off regulation, raising the risks for U.S. distributors left in the dark about which shows might fall foul of the rules.
Here's why Twitter isn't making a big deal out of its drop in active users, says Buzzfeed's Jon Steinberg.
As property prices cool in Hong Kong and Singapore, which have long been magnets for Chinese investment, more money is flowing to real estate markets such as New York, London and Sydney. Chinese buyers invested $13.5 billion in overseas property last year, compared with $6.3 billion a year earlier, according to real estate consultancy Savills.
*Sina crackdown seen as a warning to Internet firms. BEIJING, April 25- A move by China's authorities to strip Sina Corp of some online publication licences as part of a pornography crackdown should be seen as a warning shot at the country's Internet firms to toe the Party line on freedom of expression, experts said.
King Lip, Chief Investment Officer at Baker Avenue Asset Management, explains why the revoke of two publication licenses due to obscene content will not hurt the internet giant.
China's Sina has been stripped of its online publication licence amid a pornography crackdown, prompting its shares to fall over 7 percent.
*Apple rallies, announces 7- for-1 stock split. *Caterpillar gains after results; Verizon, 3 M fall. NEW YORK, April 24- U.S. stocks rose in a volatile session on Thursday as Apple and Caterpillar were the latest high-profile names to post bullish results, though gains were limited by a resurgence of concerns related to Ukraine.
*Apple rallies, announces 7- for-1 stock split. *Caterpillar gains after results; Verizon, 3 M fall. NEW YORK, April 24- U.S. stocks were flat in volatile trading on Thursday, with indexes cutting early gains on a resurgence of concerns related to Ukraine, though Apple jumped following its results.
At the China Entrepreneur Club summit, Charles Chao, Chairman & CEO of Sina, describes why the firm priced its Weibo IPO at the lower projected range.
China closed more than 100 websites carrying pornography and thousands of social media accounts in an renewed effort to clean up the internet.
SAN FRANCISCO, April 17- Shares of Weibo Corp rose 19 percent in their U.S. debut on Thursday, sweeping aside concerns that Chinese censorship will hurt the growth of the country's Internet sector and broader worries about lofty tech-stock valuations.
SAN FRANCISCO, April 17- Shares of Weibo Corp rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country's Internet sector and broader worries about the outlook for tech-sector stocks.