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AFRICA

African entrepreneurs join Alibaba's eFounders Fellowship in China

Twenty-nine (29) African entrepreneurs have completed the two-week eFounders Fellowship programme in China, an initiative run by Alibaba and the United Nations Conference on Trade and Development...

By Gabriella Mulligan 6 Jul 2018

SOUTH AFRICA

Alibaba unit invests $200m in South Korea's Kakao Pay

Alibaba's payment affiliate Ant Financial will invest $200 million in a unit of South Korean messaging giant Kakao, the companies said on Tuesday...

21 Feb 2017

SOUTH AFRICA

Chinese Coca-Cola workers strike over asset sale

BEIJING - Coca-Cola workers in three Chinese cities have gone on strike after the US soft drinks giant announced it was selling its bottling interests in the country...

25 Nov 2016

SOUTH AFRICA

China hits Tetra Pak with $99m anti-trust fine

BEIJING - Chinese regulators have slapped Swedish firm Tetra Pak with a 668 million yuan ($98.5 million) fine following an anti-trust probe into the global packaging giant...

17 Nov 2016

SOUTH AFRICA

Alibaba sales growth soars into the cloud

BEIJING - Chinese e-commerce giant Alibaba's sales soared 55 percent in the last quarter, thanks in part to a more than doubling of revenue from cloud computing, the company said Wednesday...

3 Nov 2016

CHINA

Microsoft says it pays Chinese taxes after cryptic media report

BEIJING, CHINA: Software giant Microsoft said Wednesday that it pays Chinese taxes "consistent" with a China-US bilateral agreement, following a cryptic media report that a foreign company with similarities to it agreed to settle a multi-million dollar bill for back taxes...

28 Nov 2014

CHINA

Lenovo's profits rise by 23% to $214m

HONG KONG - Lenovo has posted a 23% jump in quarterly net profit, beating market estimates as the Chinese technology company logged strong sales of personal computers and smartphones.

15 Aug 2014

CHINA

Chinese investors seek to mine Bitcoin's volatility

SHANGHAI, CHINA: Chinese speculators have seen Bitcoin values plunge, soar and plunge again within days, but say the virtual currency's extreme volatility is a profit opportunity despite the white-knuckle ride.

11 Dec 2013

GERMANY

Mood of the World report shows most of world focuses on inflation

NUREMBURG, GERMANY: British consumers are facing the double whammy of still feeling the effects of recession even as rising costs fuel inflationary worries. They are not alone in the world, though, according to GfK Roper Consulting's 2011 Mood of the World Report, which is based on a global survey of more than 32 000 consumers ages 15 and older in 25 countries.

25 Aug 2011

UNITED KINGDOM

Financial services CEOs look to emerging markets to feed growth aspirations

LONDON, UK: Financial services companies need to look far beyond their domestic markets if they are to achieve their ambitious growth aspirations. This is according to the 14th annual PwC Global CEO Survey, which shows CEOs of financial services companies believe emerging markets are more important than developed markets to their organisation's future.

16 Feb 2011

UNITED STATES

Unemployment, inflation worries hit consumer confidence

NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.

27 Jan 2011

CHINA

HSBC extends commitment to Asian rugby

HONG KONG, CHINA: HSBC and Asian Rugby Football Union (ARFU) has announced the continuation of their partnership in support of the HSBC Asian 5 Nations (HSBC A5N), reputedly Asia's premier fifteen-aside rugby competition.

20 Jan 2011

FRANCE

Youth market ready to use mobiles as wallets

PARIS, FRANCE: Consumers confirm strong interest in using their mobile phone as wallet according to a recent market poll sponsored by Alcatel-Lucent. These findings were uncovered as part of a youth market study exploring the appeal of a mobile wallet service.

29 Sep 2010

UNITED STATES

Insurance marketers too focussed on acquisition

PALO ALTO, US: Insurance marketers are too focused on acquisition, missing ways to monetise existing policy holders, reports CMO Council. A new study shows consumers are open to consolidating policies with insurers and buying additional products if marketers focused more on retention, cross-selling and up-selling.

22 Sep 2010

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