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Several of the largest US retailers warned that Alibaba Group Holding Inc may "decimate" local companies unless Congress closes tax loopholes for online retailers, singling out the Chinese company before it has even established a major American consumer presence.
The founders of Alibaba Group Holding Ltd and Tencent Holdings Ltd were among a consortium of investors who purchased stakes in Ping An Insurance Group Co of China Ltd in a HK$36.5bil (RM16.15bil) deal, in one of the largest Hong Kong share offerings of the year.
US giant Google shut down its popular online news service in Spain in protest at a new law which would make it pay for content.
Britain's Serious Fraud Office (SFO) said it had closed its investigation into the ill-fated sale of British IT firm Autonomy to Hewlett-Packard in 2011, saying there was insufficient evidence for a realistic prospect of conviction.
Apple Inc will buy about US$850mil (RM3bil) of power from a new California solar farm to cut its energy bill, the iPhone maker as its stock market value closed above US$700bil (RM2.5tril) for the first time.
French media conglomerate Vivendi is looking at a possible acquisition of pay-TV group Sky, as one of several options to expand the reach of its own TV group Canal Plus, three sources familiar with the matter said.