Alibaba Group Holding (BABA.NASDAQ) and shareholders sold 320.1 million shares at US$68 (RMB417.55) each, raising US$21.8 billion in an initial public offering that values the company at US$167.6 billion, making it the largest IPO by any company in the US, Bloomberg reported. The Chinese e-commerce giant’s ability to close a deal of this size is […]
Category: Tech, Media & Telecom
Apple (AAPL.NASDAQ) has posted a public job listing on Linkedin (LNKD.NASDAQ) for a head of law enforcement to handle an “increasing number of third-party requests for access to Apple controlled data within China,” South China Morning Post reported. The hiring of a head of law enforcement demonstrates the trade-off that comes with placing data storage […]
Huawei’s (002502.SHE) chief executive Ken Hu has confirmed an internal investigation into corruption at the telecoms company following reports from Caixin and First Financial Daily, The Financial Times reported. However Hu refused to confirm the details of the reports, instead insisting that the investigation was a routine annual event. Since 2005, Huawei employees have been made to take […]
The larger screens of the new iPhone 6 line might seem tailor-made for Chinese consumers, but China won’t be among the countries where the smartphone goes on sale September 19, The Wall Street Journal reported. Apple’s Beijing-based spokeswoman declined to comment on the reason for the delay, and the Ministry of Industry and Information Technology, […]
China has stepped up its scrutiny of journalists with at least two editors and other employees of a major Chinese business news website detained and investigated for suspected extortion, The Wall Street Journal reported, citing state media. State broadcaster China Central Television said the chief editor and deputy editor of the 21st Century Business Herald […]