Date
21 February 2020

Tech

  • Tmall funded Jack Ma purchase of Wasu stake, paper says

    Apr 10, 2014 9:08am
    The money used for the purchase of a stake in Wasu Media Holding Co. Ltd. (000156.CN) by Alibaba Group chairman Jack Ma and his partners came from loans extended by Zhejiang Tmall.com Technology Co. Ltd., a...
  • Xioami is struggling to curb the rising tide of counterfeit products. Photo: Bloomberg

    Xiaomi’s uphill battle to switch off counterfeits

    Apr 10, 2014 8:58am
    Stepping into Chinese smartphone maker Xiaomi’s new office building in Beijing’s Haidian district, one cannot but help notice a playground slide in the middle of the reception hall that leads to a Google-style workplace. “We are...
  • China approves Microsoft-Nokia deal, Xinhua says

    Apr 9, 2014 2:43pm
    China has approved Microsoft Inc.’s acquisition of Nokia Corp.’s devices and services business subject to certain conditions, the official Xinhua News Agency reported Wednesday, citing a Ministry of Commerce statement on its website.  In March, Nokia and...
  • Xiaomi now third largest e-commerce operator in China

    Apr 9, 2014 1:29pm
    Chinese smartphone maker Xiaomi Inc. is now the country’s third-largest e-commerce operator in terms of sales volume, next only to Alibaba Group and JD.com Inc., China Business News reported Wednesday, citing industry data. Online sales through its own...
  • Jack Ma, Giant’s Shi to buy 20% of Wasu Media for 6.54 bln yuan

    Apr 9, 2014 9:15am
    State-owned Wasu Media Holding Co. Ltd. (000156.CN) plans to raise 6.54 billion yuan (US$1.05 billion) through a private placement of 286 million new shares to Hangzhou Yunshi Investment, Shanghai Securities News reported Wednesday, citing a statement issued...
  • Weibo seeks to raise US$437 million from its US initial public offering

    Weibo holds promise as social platform for e-commerce

    - Apr 8, 2014 1:24pm
    Blame it on weak market sentiment or Alibaba’s highly anticipated initial public offering, but Weibo, Sina Corp.’s Twitter-like microblogging service, appears to have failed to ignite investor interest with its US listing plans. According to its latest...
  • Chairman and chief executive Robert Xu is on the lookout for mobile internet companies and those with innovative products.

    Kingdee hungry to bulk up Bizchat

    - Apr 8, 2014 6:43am
    BizChat is still at a trial stage, but already Kingdee International Software Group Corp. Ltd. (00268.HK) is on the lookout for mergers and acquisitions to expand the platform’s services, chairman and chief executive Robert Xu said. BizChat, which...
  • Alibaba’s Intime deal may be seen as concerted move, paper says

    Apr 7, 2014 1:41pm
    E-commerce giant Alibaba Group’s proposed investment in department store operator Intime Retail (Group) Co. Ltd. (01833.HK) may be deemed by Hong Kong regulators as “presumed… to be in concert” with Intime chairman Shen Guojun, as both...
  • Hon Hai buying MBK’s stake in cable operator CNS, paper says

    Apr 7, 2014 11:52am
    Taiwan’s Hon Hai Precision Industry Co. Ltd., the parent company of FIH Mobile Ltd. (02038.HK), is said to be buying more than 60 percent stake in local cable TV operator China Network systems Co. Ltd. (CNS),...
  • China Mobile is facing criticism in the mainland that it is offering far better deals to its Hong Kong customers. Photo: Bloomberg

    Is China Mobile shortchanging its mainland customers?

    - Apr 7, 2014 7:56am
    China Mobile has been under fire in the mainland over its pricing practices, with critics pointing out that the company is charging much higher service fees in China when compared to what it levies on its...
  • Ernst & Young senior partner Keith Pogson says Yu'E Bao will have to get real about interest rates and banks will ultimately become tech companies as well.

    Yu’E Bao — Why bigger can’t be better

    - Apr 7, 2014 7:00am
    There’s a price to pay for size. And when you’re growing like Alibaba’s Yu’E Bao online money market fund, you’re liable to brush up against a wall. That wall would be the price you pay to...
  • Alipay offers 20% discount on carpark fees, paper says

    Apr 4, 2014 2:55pm
    Alibaba Group Holding Ltd.’s third-party payment service Alipay is offering users a 20 percent discount off parking fees if they pay with its electronic wallet at designated car parks, the Beijing Business Today reported Friday. At...
  • China Mobile inks reselling agreements with 17 firms, paper says

    Apr 4, 2014 11:23am
    China Mobile Ltd.(00941.HK) on Wednesday entered into mobile services reselling agreements with 17 companies, making a move as the Ministry of Industry and Information Technology (MIIT) is expected to approve the third batch of virtual operator...
  • Tie-ups with e-commerce firms can provide succor to struggling newspapers. Photo: Bloomberg

    Look who’s throwing a lifeline to newspapers

    - Apr 4, 2014 8:36am
    Newspaper executives around the world are at their wit’s end trying to figure out ways to cope with the onslaught of the internet. With readers and advertising dollars migrating to the online world, the print media’s...
  • Shanghai Ace buys mobile game firm for 1.2 bln yuan, filings say

    Apr 4, 2014 8:23am
    Coal seller Shanghai Ace Co. Ltd. (600652.CN) will acquire the entire stake of mobile game developer U9time for 1.18 billion yuan (US$190.05 million), according to regulatory filings released on Friday. Ace expects the acquisition to help...
  • VAT reform for telecom industry put off to June 1, paper says

    Apr 3, 2014 12:40pm
    Chinese authorities are said to have put off until June 1 a program to replace the telecom sector’s business tax with value-added tax (VAT), China Times reported Thursday. The original schedule for the launch had been...
  • Jack Ma snaps up 20.6% of Hundsun Technologies, paper says

    Apr 3, 2014 10:58am
    Hundsun Group has agreed to sell its entire stake in financial software and online service provider Hundsun Technologies Inc. (600570.CN) to Zhejiang Finance Credit Network Technology Co. Ltd., a  company controlled by Alibaba founder Jack Ma, Securities Times...
  • JD.com revamps business in lurch to IPO, paper says

    Apr 3, 2014 9:04am
    Electronic commerce website JD.com said it will split up into four companies in what could be a step toward a public listing, National Business Daily reported Thursday. Founder Liu Dongqiang will become chief executive of Jingdong Group which...
  • Youku is developing programs for China's growing legions of smartphone users. Photo: Bloomberg

    Hard lines and soft touches: New trends in online video

    - Apr 3, 2014 8:22am
    The market is projected to double in just a few years but there’s no sure bet on how to capture it. Internet consultancy IResearch forecasts that online video on the mainland will probably be worth 17.8 billion...
  • Weibo Corp.'s US offering values the company at US$5.5 billion. It makes its NASDAQ debut against a backdrop of weak valuations. Photo: Bloomberg

    Is US still the best market for Chinese stocks?

    - Apr 2, 2014 3:26pm
    A United States listing is a badge of honor for many companies, virtually guaranteeing overnight fame and sky-high valuations. But that idealized version of the US stock market is beginning to fray and investors are waking...