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Business

Eyes Online, Milk Powder Firms Count Cost Of China Probes

SHANGHAI: Global milk powder firms are scrutinising Chinese social media reports up to four times a day to gauge consumer reaction to a high-profile pricing probe and food safety scare that threaten their squeaky-clean image in the $14.5 billion (9.31 billion pounds) China market.

Business

Tencent denies report of Singapore IPO for WeChat spinoff

SHANGHAI: Tencent Holdings Ltd, China’s leading Internet firm by revenue, denied a newspaper report that it plans to list its popular Weixin, or WeChat, mobile messaging app as a spinoff company in Singapore.

TECH

Tencent plans Singapore IPO for WeChat spinoff: report

Chinese technology giant Tencent Holdings Ltd is planning to list its popular messaging app Weixin, or WeChat, as a spinoff company in Singapore, the official China Daily reported on Tuesday, citing an unnamed source.

TECH

Hong Kong reporter quits in controversy over Alibaba founder's remarks

A South China Morning Post journalist has quit in a controversy over disputed remarks that Jack Ma had reported to have made in support of Beijing's violent crackdown on Tiananmen Square protesters in 1989.

Business

Asian shares fall on China, Intel; dollar steady after Bernanke

TOKYO: Asian shares fell on Thursday, as concerns over financing available to property developers weighed on Chinese markets, although overall sentiment was supported by Federal Reserve Chairman Ben Bernanke's pledge to keep monetary policy easy for the foreseeable future.

Business

Nikkei hits 8-week high after Bernanke assurance

Japan's Nikkei share average rose to an eight-week high on Thursday morning after Federal Reserve Chairman Ben Bernanke said the timing of when the US central bank would begin winding down its stimulus was flexible.

TECH

Plunging ad prices underscore doubts over Yahoo! turnaround plan

Marissa Mayer's plan to resuscitate Yahoo! seems a simple one: get back the eyeballs, sell more ads and charge higher prices. But the chief executive's plan seems to have run into a major snag.

TECH

Baidu to buy Chinese app store for US$1.9bil in mobile push

Baidu Inc, China's top Internet search engine, said on Tuesday that it would buy app store 91 Wireless for US$1.9bil (RM6.03bil), as it looks to diversify beyond its mainstay search business and beef up its presence in the mobile sector.

TECH

China's Alibaba on hunt for acquisitions after IPO: media

China's e-commerce giant Alibaba Group Holding Ltd's will use proceeds from its potential IPO to fund acquisitions

TECH

Yahoo!'s rise in Asia offsets risk from Tumblr bet

Yahoo! Inc chief executive Marissa Mayer's RM3.3bil acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal.