Thursday 25 August 2016
 
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China group to buy Caesars online games for $4.4bn

A Chinese consortium that includes game developer Shanghai Giant Network Technology and e-commerce company Alibaba Group Holding founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $4.4 billion

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Verizon emerges as front-runner in Yahoo auction

Yahoo is focusing on US telecom company Verizon Communications as the buyer of its core business after reviewing final bids that it received this week, people familiar with the matter said on Friday. A deal would boost Verizon'

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Alibaba to buy Hong Kong’s South China Morning Post

Chinese e-commerce giant Alibaba Group Holding has agreed to buy the Hong Kong's flagship English-language newspaper, the South China Morning Post, the company and SCMP Group announced on Friday.   The agreem

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Over 40pc of China's online sales 'counterfeit’

More than 40 per cent of goods sold online in China last year were either counterfeits or of bad quality, the official Xinhua news agency said, illustrating the extent of a problem that has bogged down the fast-growing online sector.

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Alibaba sees $1 trillion in transactions in five years

Chinese e-commerce company Alibaba Group Holding is aiming to more than double its transaction volumes to more than $1 trillion in five years, the executive chairman Jack Ma told a conference in Chicago on Wednesday. Ma said the g

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China’a Alibaba to set up Dubai base

The cloud computing unit of Chinese e-commerce giant Alibaba Group Holding said it would establish a base in Dubai to seek business from companies and governments in the Mena region. The deal may bolster Dubai's efforts to dev

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China’a Alibaba to set up Dubai base

The cloud computing unit of Chinese e-commerce giant Alibaba Group Holding said it would establish a base in Dubai to seek business from companies and governments in the Mena region. The deal may bolster Dubai's efforts to dev

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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

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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

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$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

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