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HONG KONG/BEIJING: Sina Corp has hired Credit Suisse AG and Goldman Sachs Group Inc for a U.S. initial public offering worth about $500 million of its Sina Weibo microblogging service, a source familiar with the plans said on Monday.
SHANGHAI: China's brick-and-mortar banks are launching a counter-attack against the assault on their business from Alibaba and other Internet heavyweights, in a bid to staunch the outflow of bank deposits into high-yielding online investment products.
HONG KONG: China’s largest Internet company Tencent Holdings Ltd and online retailer JD.com are in talks to combine their e-commerce business, a person familiar with the matter told Reuters, confirming earlier media reports.
China's Tencent Holdings Ltd has bought 20% of Dianping, the country's largest restaurant review and business listing site, as the social media leader lands a blow in Chinese Internet firms' battle to link online content with offline services.
The payment affiliate of Alibaba Group Holding Co, China's biggest e-commerce company, said on Saturday it completed more mobile payment transactions in 2013 than US-based PayPal and Square Inc combined.
Alibaba Group Holding Ltd, China's largest e-commerce firm, offered to buy AutoNavi Holdings Ltd in a deal valuing the Chinese digital mapping and navigation firm at US$1.58bil (RM5.28bil).
NEW YORK: Alibaba Group Holding Ltd, China's largest e-commerce firm, offered to buy AutoNavi Holdings Ltd in a deal valuing the Chinese digital mapping and navigation firm at $1.58 billion.