Alibaba.com, Hong Kong-listed unit of China's Alibaba Group, said on Friday that 83.8 percent of its shareholders have approved a $2.5 billion buyout offer by the parent to take the company private, in a decision that was widely expected. Read More
Investing in emerging markets is at the forefront of corporations’ growth strategies. But entering one of these fast-growing regions presents considerable challenges. This blogger has some suggestions on what companies can do to make the sourcing of emerging market opportunities more rewarding. Read More
Sovereign wealth fund China Investment Corp (CIC) is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it needs to buy back part of its stake from Yahoo. Read More
Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings, to raise about $2.3 billion in equity to partly finance its deal with Yahoo, two sources said. Read More
Yahoo said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders. Read More
Authorities in China have approved Google Inc.'s bid to buy phone maker Motorola Mobility, clearing the way for the $12.5 billion deal to close early next week.
Read More
Recently, Beijing announced it would permit the yuan to rise in value as much as one percent each day. This was greeted by China watchers as an important indication Beijing would finally permit the yuan to rise against the dollar significantly enough to reduce the U.S. trade imbalance with the Middle Kingdom. Read More
Nestle, purveyor of the decades-old KitKat snack, has launched an app it says addresses a growing problem among young social media users — giving them a break from the stress of posting updates by doing it for them. Read More