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Category Archives: China
Baidu to Acquire Sogou
According to Marbridge Consulting, Chinese internet company Baidu (Nasdaq: BIDU) has entered into an agreement to fully acquire internet firm Sohu’s (Nasdaq: SOHU) online search subsidiary Sogou. Under the terms of the agreement, Baidu will acquire Sogou for USD 2-2.5 … Continue reading
Posted in Baidu, China, Search & Aggregation, Sohu.com Inc.
Tagged Baidu to Acquire Sogou
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HC International Shows Impressive Growth in Q1
Hong Kong-listed HC International reported its first quarter results for 2013. For the three months ended 31st March, revenues were US$26 million – an increase of 43% compared with the same quarter in 2012. The company recorded profit attributable to … Continue reading
Country Risk Climate Greater China Region: Coface Survey Reveals Higher Credit Risk
A survey of corporate credit risks management across the Greater China region, China, Hong Kong and Taiwan, was conducted in the fourth quarter of 2012 by Coface, a leading global credit insurance group. This survey revealed that China and Hong … Continue reading
Posted in China, Coface, Hong Kong, Taiwan, Uncategorized, Users of Information
Tagged China Credit Climate, China Credit Risk
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WPP Unit TNS Buys Sinotrust Market Research for Undisclosed Sum
Advertising agency WPP PLC (WPP.LN) announced its wholly-owned operating company TNS has agreed to acquire Sinotrust Market Research, a market research and consulting company in China, from Experian PLC (EXPN.LN) for an undisclosed sum. Sinotrust Market Research’s unaudited revenue for … Continue reading
Alibaba Leadership Change
At the 10th anniversary celebration of Taobao.com Jack Ma, founder of Alibaba, stepped down as CEO and handing over the position of CEO to Jonathan Lu Zhaoxi. Ma first announced the decision on January 15 and Alibaba chose Ma’s successor … Continue reading
Alibaba to Acquire 20-30% Stake in AutoNavi
Alibaba Group is set to take a 20 to 30 percent stake in Chinese digital mapping and navigation firm AutoNavi Holdings Ltd. as it aims to boost its competitveness by beefing up its product line. Citing unidentified sources, news portal Sina said … Continue reading
Posted in Alibaba, China, E-Commerce, Mobile Services, Users of Information
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Alibaba Group’s Revenue up 80% in Q4
According to Yahoo’s latest regulatory filing, China’s largest e-commerce company, Alibaba Group, recorded revenue of US$1.84 billion in the fourth quarter of 2012 – up 80% over same period in 2011. Net income during the period was US$642.2 million, an … Continue reading
Baidu Acquires PPStream Online Video Business For $370 Million
Baidu Inc. announced that it will pay $370 million to acquire the online video unit of PPStream Inc., a popular streaming television service in China. Baidu would integrate the service into its iQiyi online video unit, making it one of … Continue reading
Alibaba Joins Government to Tackle Piracy in China
Alibaba Group, announced it will partner with five key Chinese government and law enforcement agencies to fight pirated goods online and offline. These organizations will include the Ministry of Public Security, State Administration for Industry & Commerce, General Administration of … Continue reading