The online shopping extravaganza known as Singles’ Day was upstaged Thursday by US President-elect Donald Trump. According to The Wall Street Journal, a reporter asked Executive Vice Chairman Joe Tsai what he thought might be the impact of the Trump presidency on Alibaba. “China is going to be and already is the source of consumer […]
Category: Tech, Media & Telecom
Fitbit has denied receiving a takeover bid after a little-known Chinese fund made a regulatory announcement purporting to describe a $2.8bn offer for the fitness tracker maker. In a filing that appeared on the US Securities and Exchange Commission’s website on Thursday, ABM Capital said it had written a letter to Fitbit’s management offering to […]
Tencent Holdings main movie arm plans to spend at least 2 billion yuan ($295 million) investing in Hollywood and Chinese films in the two years through 2017 to expand its presence in global entertainment production, people familiar with the matter told Bloomberg. Tencent Pictures, which helped finance domestic smash “Warcraft” and the upcoming “Kong: Skull […]
Airbnb is gearing up for an expansion in China, one of the world’s fastest-growing travel markets, even as it fights hostile regulators at home in the US, Caixin reports. The San Francisco-based company, which operates an online platform for linking homeowners with travelers for short-term rentals, announced major changes to its Chinese operations in late […]
Concerns of a looming cash crunch at online video service LeEco grew on Monday, as investor sentiment varied on the company’s ability to handle a large debt load it has accumulated through a multibillion-dollar expansion over the last two years, Caixin reports. LeEco shares initially tumbled 5% to a one-year low when trading began on […]