Baidu (BIDU.NASDAQ), China’s largest online search engine, said that it is investing in technology to further its expansion overseas, the Wall Street Journal reported. “We’re setting up this multi-language platform to get us more ready once we do decide to go to other markets,” said Haoyu Shen, the company’s senior vice president for operations. Shen […]
Category: Tech, Media & Telecom
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Vancl.com plans an IPO
Chinese online clothing retailer Vancl.com is seeking an initial public offering in the US, hoping to raise between US$750 million and US$1 billion, the Wall Street Journal reported. The firm is seeking a listing in the fourth quarter of this year, say sources. Vancl.com is reportedly using Citigroup (C.NYSE, 8710.TYO), Credit Suisse (CS.NYSE, CSGN.SIX), Goldman […]
LinkedIn (LNKD.NYSE) is looking to leverage its large user base in China but is moving cautiously in the regulatory space, Reuters reported. The site is one of the few foreign social networking websites to remain uncensored in China, despite being briefly blocked in February this year. “[China] is a very competitive market,” said Arvind Rajan, […]
Yahoo! (YHOO.NASDAQ) senior officials say they have made “significant” progress in talks to ensure that the firm is compensated for a spinoff secretly made by Alibaba, a company in which it is part owner, Bloomberg reported. Yahoo has been in negotiations after it emerged that Alibaba spun off Alipay, the firm’s payment business, to a […]
This week marked perhaps the biggest victory on record for China-focused short-sellers, as the harpoons that Citron Research et al have been flinging at Longtop Financial finally brought the beast down. This was no small-cap reverse-merger fraud: The financial software behemoth had a market cap of more than US$1 billion before trading in its shares […]