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HONG KONG: China’s No. 2 online retailer JD.com Inc is poised to raise HK$30.1bil (US$3.9bil) in its Hong Kong share sale, people familiar with the matter said, putting it on track to complete the world’s second-biggest listing this year.
BEIJING (Reuters): China's Internet regulator on Wednesday (June 10) ordered the Sina Weibo social media platform to disable some of its features for a week, rare punishment for what it said was interference with online communication, among other things.
Revenue surges as his cargo airline business booms
Alibaba Cloud announced it would invest 200 billion yuan (RM120.7bil) over the next three years on its cloud infrastructure.
Japanese virtual idol Hatsune Miku joins Taobao as a live streaming ambassador for upcoming 618 festival
Livestreaming e-commerce is becoming big business in China with celebrities, tech founders and news anchors all trying it out.
Gojek and Grab Holdings Inc have been battling it out for years in the brutal business of ride hailing and food delivery.
Baidu’s smart home ambitions gets boost via tie-up with Midea, one of China’s largest appliance makers
Baidu’s Xiaodu voice assistant and smart speakers will power voice recognition across Midea’s range of smart home appliances.
SYDNEY: Australian buy-now-pay-later (BNPL) company Zip Co Ltd said it will buy New York rival QuadPay Inc in an all-share deal that values the target at US$269mil, joining a rush of Australian companies to tap the world’s largest consumer market
HONG KONG is finally set to see its first billion-dollar plus listing in more than six months.
Although people have been turning to online services during the Covid-19 pandemic, China’s economy shrank 6.8% in first quarter. Some sectors such as online education, remote working and gaming, have seen a surge in their traffic during the health crisis.