Sunday 19 April 2015

Alibaba to invest $590m for minority stake in Meizu

Alibaba Group Holding is set to invest $590 million for a minority stake in Meizu Technology Corporation, a leading smartphone manufacturer in China. This investment will be subject to customary closing conditions, said a sta


Morgan Stanley Q3 earning soars 87pc; markets upbeat

Morgan Stanley reported an 87 per cent rise in third-quarter earnings as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market. Rec


$9.5bn windfall for Yahoo! from Alibaba IPO

Yahoo! is making amends for years of blundering with one smart move: an early investment in China's Alibaba Group that has turned into a multi-billion-dollar boon. The latest windfall will be delivered with Alibaba's recor


Yahoo's Q4 revenue slides as ad prices dip

Yahoo Inc's online ad prices slid again in the fourth quarter and Alibaba, the Chinese e-commerce giant in which it owns a big stake, saw revenue growth decelerate from its recent rip-roaring pace. Yahoo's overall revenue


Yahoo in talks for Alibaba stake sale

Yahoo could be weeks away from selling 15 to 25 per cent of Alibaba Group's stock back to China's largest e-commerce company, in a deal designed to eliminate complexities that had scuttled the parties' previous negotiations, said a sou


Alibaba hires US lobbying firm; eyes Yahoo

Alibaba Group has hired a Washington lobbying firm in a sign that the Chinese e-commerce company would be willing to make a bid for all of Yahoo in the event that talks to unwind their Asian partnership fail.     Japan


Yahoo to weigh deals for Asian assets

Yahoo is considering a plan to unload most of its prized Asian assets in a complex deal valued at roughly $17 billion, sources familiar with the matter said Wednesday, winning nods of approval from Wall Street and driving its shares higher.  


Yahoo CEO Bartz fired over the phone

Yahoo Inc chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba. Chief financial officer Tim Morse will step in as interim CEO, and the

More…, Western Union in new payment option

The Western Union Company, a leader in global payment services, and, a global leader in business-to-business e-commerce, today launched a new service that enables entrepreneurs to buy goods sold online via and make cash

More… launches new service for SMEs, a business to business online marketplace, has announced the beta launch  of Export-to-China, a new service aimed at helping entrepreneurs and small and medium-size enterprises (SMEs) sell directly to Chinese buyers. Expo

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