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REUTERS: Chinese e-commerce firm JD.com Inc has priced it US IPO above the marketing range to raise US$1.78bil, pointing to strong demand for bigger rival Alibaba Group Holding Inc upcoming mega float.
NEW YORK: JD.com, China's second-largest e-commerce company behind Alibaba Group Holding Ltd, said it expected to price its initial public offering of American depositary shares at US$16-$18 each, valuing the company at up to US$24.6 billion.
MADRID: Even before Spain's economic crisis engulfed her home, Patricia Martin struggled to provide for her three children on her husband's street sweeper salary of around €900 (US$1,200) a month.
LONDON: French telecom firm Iliad is in talks with investors to improve its bid for T-Mobile US because it expects parent company Deutsche Telekom will reject its $15 billion offer, three sources familiar with the matter said.