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TECH

Alibaba invests US$280mil in messaging app Tango

Tango, the mobile messaging app-maker, announced Wednesday it has raised US$280mil (RM922.04mil) in a new funding round led by Chinese e-commerce giant Alibaba Group Holding Ltd.

Business

Wall Street rises again as Ukraine woes ease

NEW YORK: U.S. stocks climbed for a second straight session on Tuesday, with the S&P 500 within striking distance of its record after comments from Russian President Vladimir Putin soothed anxiety that tensions over Ukraine could escalate.

Business

Wall Street climbs as Ukraine worries ease, data improves

NEW YORK: U.S. stocks climbed on Monday, with the S&P 500 bouncing from its worst weekly drop in the past seven, as concerns eased over the situation in Crimea, while economic data indicated the economy was improving after a winter slowdown.

Business

Tokyo stocks close down 0.35%

TOKYO: Tokyo stocks closed 0.35% lower on Monday after Crimea voted to break away from Ukraine and join Russia in a referendum described by the West as illegal.

TECH

China consumer show targets camera maker Nikon in annual ritual

Japan's Nikon Corp has moved to allay consumer fears in China after being criticised on a closely watched consumer show that said the camera maker had sold defective products in China and denied local consumers fair treatment in aftersales service.

Business

Ali Baba's e-commerce crown slips as giant US IPO nears

SHANGHAI: Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a US initial public offering that could value the firm at around US$140bil.

Business

Alibaba picks US for IPO; in talks with six banks for lead roles

HONG KONG: Chinese e-commerce giant Alibaba Group Holding Ltd has decided to hold its long-awaited IPO in the US and is in discussions with six banks to underwrite the deal, in what is set to the most high-profile public offering since Facebook Inc's listing nearly two years ago.

Business

Alibaba Group seeking US listing in Q3

HONG KONG: China's e-commerce giant Alibaba Group Holding Ltd is planning a U.S. IPO in the third quarter of this year, people familiar with the matter told Reuters, in what is the expected to be a more than $15 billion deal.

Business

China says full interest rate liberalisation likely in 2 years

BEIJING: China's central bank governor said on Tuesday that the country's deposit rates are likely to liberalised in one to two years – the most explicit timeframe to date for what would be the final step in freeing up banks to set their own interest rates.

TECH

China to trial telecoms value-added tax; could hit carriers' profits

China will trial a new value-added tax for telecommunication services providers as a replacement for business tax, Premier Li Keqiang said at the opening of the annual meeting of parliament, a change which could hit the companies' profits.