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Alibaba buys stake in Wanda Film in US$1.2bil share sale

SHANGHAI: Alibaba Group Holding Ltd has agreed to buy a stake in Dalian Wanda Group Co’s cinema operator as billionaire Wang Jianlin’s real estate-to-entertainment conglomerate turns to another Chinese tech giant and a government-backed company for investments totalling 7.8 billion yuan (US$1.2bil).

Liow: We’re going the extra mile to ensure your safety

KUALA LUMPUR: Extra measures are in place to reduce untoward incidents during the Chinese New Year exodus when many Malaysians travel back to their hometowns, says Datuk Seri Liow Tiong Lai.

Penang exco member questions MACC’s two-year probe

GEORGE TOWN: A state exco member is questioning why it has taken the Malaysian Anti-Corruption Commission (MACC) two years to investigate the three-paired roads and undersea tunnel project.

CRCC did not ink contract, says Liow

KUALA LUMPUR: Construction giant China Railway Construction Corporation Ltd (CRCC) did not ink any contract directly with the Penang government for the undersea tunnel and the three main roads mega project, says Datuk Seri Liow Tiong Lai.

Beijing set to be busiest air hub

BEIJING: Beijing inched one step closer to taking the crown for the world’s busiest airport.

Nissan to pump US$9.5bil into China business

BEIJING: Nissan Motor Co plans to invest 60 billion yuan (US$9.5bil) in China over the next five years with its joint-venture partner as it seeks to become a top three automaker in the world’s biggest market.

China says to ban export of more dual-use goods to North Korea

BEIJING (Reuters) - China released a further list of goods banned for export to North Korea on Monday, saying the items could be used to build weapons of mass destruction, amid a standoff between North Korea and the United States over its weapons programmes.

China advises its tourists to avoid Maldives till politics stabilise

BEIJING (Reuters) - China's foreign ministry on Monday advised Chinese citizens to avoid visiting the Maldives until political tensions subside on the Indian Ocean archipelago.

China rebuffs U.S. criticism of relations with oil-rich Venezuela

BEIJING (Reuters) - China's support for Venezuela has benefited ordinary people and been broadly welcomed, the foreign ministry said on Monday after the U.S. Treasury accused China of aiding Venezuelan President Nicolas Maduro's government with murky oil-for-loan investments.

Guan Eng: Tunnel SPV company not bankrupt after five years proves award was the right decision

PETALING JAYA: Penang Chief Minister Lim Guan Eng continued his war of words over the controversial Penang Tunnel project with MCA deputy president Datuk Seri Wee Ka Siong.