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Economy 18 Mar 2014 | 10:58 AM

Alibaba, Weibo see advantages in US listing

NEW YORK: In picking the US to launch initial public offerings rather than their home market, Chinese technology companies Alibaba and Weibo are opting for maximum visibility and access to capital.

Business 18 Mar 2014 | 7:38 AM

Wall Street climbs as Ukraine worries ease, data improves

NEW YORK: U.S. stocks climbed on Monday, with the S&P 500 bouncing from its worst weekly drop in the past seven, as concerns eased over the situation in Crimea, while economic data indicated the economy was improving after a winter slowdown.

Business 17 Mar 2014 | 3:24 PM

Tokyo stocks close down 0.35%

TOKYO: Tokyo stocks closed 0.35% lower on Monday after Crimea voted to break away from Ukraine and join Russia in a referendum described by the West as illegal.

TECH 17 Mar 2014 | 11:52 AM

China consumer show targets camera maker Nikon in annual ritual

Japan's Nikon Corp has moved to allay consumer fears in China after being criticised on a closely watched consumer show that said the camera maker had sold defective products in China and denied local consumers fair treatment in aftersales service.

Business 17 Mar 2014 | 10:26 AM

Ali Baba's e-commerce crown slips as giant US IPO nears

SHANGHAI: Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a US initial public offering that could value the firm at around US$140bil.

Business 17 Mar 2014 | 7:51 AM

Alibaba picks US for IPO; in talks with six banks for lead roles

HONG KONG: Chinese e-commerce giant Alibaba Group Holding Ltd has decided to hold its long-awaited IPO in the US and is in discussions with six banks to underwrite the deal, in what is set to the most high-profile public offering since Facebook Inc's listing nearly two years ago.

Business 15 Mar 2014 | 10:15 PM

Alibaba Group seeking US listing in Q3

HONG KONG: China's e-commerce giant Alibaba Group Holding Ltd is planning a U.S. IPO in the third quarter of this year, people familiar with the matter told Reuters, in what is the expected to be a more than $15 billion deal.

WeChat 13 Mar 2014 | 11:25 AM

WeChat revolution: China's 'killer app' speaks to the masses

When condom maker Durex wants to send an intimate message to customers in China, it uses a homegrown instant messaging platform called WeChat which has taken the country by storm in just three years.

Banking 11 Mar 2014 | 5:36 PM

China to experiment with private banks

BEIJING: China will launch a trial programme for private firms to set up banks, the country's banking regulator said Tuesday, with Internet giants Tencent and Alibaba reportedly among the first applicants.

Economy 11 Mar 2014 | 2:52 PM

China says full interest rate liberalisation likely in 2 years

BEIJING: China's central bank governor said on Tuesday that the country's deposit rates are likely to liberalised in one to two years – the most explicit timeframe to date for what would be the final step in freeing up banks to set their own interest rates.