Investors welcomed Yahoo's plans to sell fewer shares when Alibaba goes public. News of Yahoo Inc's plans to retain a larger stake than what it had originally announced was welcomed by the company's investors.
China
CCTV criticizes Samsung smartphones in TV documentary
Like other foreign firms, CCTV zeroed in on alleged failures of Samsung Galaxy S and Note series smartphones due to alleged memory chip failures.
Peugeot choosing between GM and Dongfeng
Peugeot weighing options between a cost cutting partnership with GM or an expansion push with Dongfeng.
China's 500.com to list on the NYSE for its IPO
A projected USD150 million would be earned when 500.com lists its shares for an IPO at the New York Stock Exchange.
Huishang Bank to offer 2.5 billion shares in Hong Kong IPO
Huishang Bank Corp's planned initial public offering would be the biggest public listing by a banking institution on the Hong Kong Stock Exchange in three years.
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The Chairman and two other senior executives of China Solar Energy Holdings Ltd were arrested by Chinese authorities.
China-based Alibaba said it understood the importance of big data in driving its e-commerce business.
Two firms owned by Li Ka-shing would be selling holdings in Extreme Selection, the firm that owns the company developing a real estate project in Lujiazui's financial district.
Series A funding round for FIELDS raised USD5 million led by ClearVue Partners. The premier online grocery store in Shanghai, FIELDS, with its strong focus on safety, freshness and quality, announced a USD5 million Series A investment round.
Preferred Freezer Services, Sinotrans Ltd, Yang Ming Marine Transport Corp and Yida Group form joint venture.
A total of USD50 million in investment funding was received by mobile game developer Chukong Technologies from backers including GGV capital and Sequoia Capital.
The Russia China Investment Fund acquired the Russian Forest Products Group. The Russia-China Investment Fund had announced the completion of an acquisition of an approximately 42% stake in RFP Group, a leading forestry holding firm in the Far Eastern region of Russia.
Russian oil firm Rosneft signed an agreement with China National Petroleum Corp for the latter to purchase a 49% stake in the Russian oil producer's East Siberian venture.
According to its CEO, Dianping.com's value is higher than Groupon and Yelp or about USD10 billion.
