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Business 24 Apr 2012 | 12:00 AM

Alibaba.com Q1 profit slumps 25%

HONG KONG: Alibaba.com Ltd, China’s largest listed e-commerce company, posted a 25% slide in first quarter earnings, weighed by a stagnant paying-member base and higher operating expenses.

Business 26 Apr 2012 | 12:00 AM

Baidu revenue forecast casts doubts on growth

HONG KONG: Baidu Inc, Chinas leading Internet search company, set off alarm bells on Wall Street after a disappointing second-quarter revenue forecast raised doubts on its growth prospects and knocked down its shares more than 10% after hours.       

Business 07 May 2012 | 12:00 AM

Yahoo in talks to sell 15%-25% of Alibaba

SAN FRANCISCO: Yahoo Inc could be weeks away from selling 15% to 25% of Alibaba Group’s stock back to China’s largest ecommerce company, in a deal designed to eliminate complexities that had scuttled the parties’ previous negotiations, a source said.

Business 09 May 2012 | 12:00 AM

Yahoo CEO apologises to employees in memo

SAN FRANCISCO: Yahoo Incs board convened on Monday afternoon to discuss the mounting upset surrounding chief executive Scott Thompson, who has apologised to employees after being accused last week by activist investor Daniel Loeb of padding his resume, a source with knowledge of the matter said.

Business 21 May 2012 | 12:00 AM

Alibaba buys back 20% stake held by Yahoo for US$7.1bil

NEW YORK (Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders.

Business 23 May 2012 | 12:00 AM

M’sia eyes 50 foreign companies to list here

PETALING JAYA: The Government is looking to increase the number of foreign companies listed in Malaysia.

Business 11 Aug 2012 | 12:00 AM

Alibaba Q1 net profit, revenue soar

SHANGHAI: Alibaba Group, Chinas largest e-commerce company, posted a 64% rise in revenue in the January-March quarter and a six-fold rise in net profit, cementing its position as a key beneficiary of Chinas e-commerce explosion.

Business 11 Aug 2012 | 12:00 AM

Yahoo may rethink use of cash from sale

SAN FRANCISCO: Yahoo Inc startled investors by announcing that new chief executive Marissa Mayer might reconsider what it would do with the cash it got from a multi-billion dollar sale of half of its 40% stake in Chinese Internet company Alibaba Group.

Business 22 Aug 2012 | 12:00 AM

China's next top models bypass the catwalk for the Web

SHANGHAI: Tian Yuan Yuan is China's top Internet model, a title she earned by promoting products from skin-tight leggings to rabbit fur bags through online shopping site Taobao Marketplace.

Business 12 Oct 2012 | 12:00 AM

Forbes: Slower economic growth hits China's richest

SINGAPORE: Slower economic growth took a toll on many of China's 100 biggest fortunes, said the new Forbes Asia's China rich list.