SOUTH AFRICA

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

China and shadow financing: Part 1
China and shadow financing: Part 1

In the first of a two-part series, Mark Mobius of Franklin Templeton Investments looks at the phenomenon of shadow financing in China...

26 Jan 2017

SOUTH AFRICA

Source: Brics India 2016
Brics investors shake on first joint mining project

In a first of its kind, Brics countries have come together to invest in a gold mining project in Siberia...

19 Oct 2016

SOUTH AFRICA

Female millennials are the most confident and ambitious of any female generation
Female millennials are the most confident and ambitious of any female generation

New PwC survey dispels myths about women and work...

5 Mar 2015

CHINA

China government agency 'bombs' Alibaba over management
China government agency 'bombs' Alibaba over management

SHANGHAI, CHINA: A powerful Chinese regulator on Wednesday blasted e-commerce giant Alibaba for allowing "illegal" actions on its multi-billion-dollar online shopping platform...

30 Jan 2015

UNITED STATES

Email scam nets $214m in 14 months: FBI
Email scam nets $214m in 14 months: FBI

WASHINGTON, US: An email scam, which targets businesses with bogus invoices, has netted more than $214m from victims in 45 countries in just over one year...

23 Jan 2015

CHINA

Microsoft says it pays Chinese taxes after cryptic media report
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...

28 Nov 2014

CHINA

Li Shaohua announces the creation of China's new travel platform Alitrip, that takes over the Taobao Travel, also part of the Alibaba empire. Image:
Alibaba creates Alitrip for online travel arrangements

SHANGHAI, CHINA: Chinese e-commerce company Alibaba, which completed the world's biggest stock offering last month, is tapping into the country's growing online travel business with an independent platform, know as Alitrip....

29 Oct 2014

CHINA

Adobe says it will close its offices in Beijing and shut down the research and development division there, putting 350 people out of work. Image: http://chinhdangvu.blogspot.com Chinhdangvu]]
Adobe to shut research arm in Beijing

SHANGHAI, CHINA: US software company Adobe will shut its research arm in Beijing by the end of the year, laying off 350 people, according to a statement, as foreign technology firms face a worsening business climate in China.

26 Sep 2014

CHINA

The SAIC's Zhang Mao says Microsoft is being investigated for flaunting China's anti-monopoly laws particularly with Windows, Internet Explorer and Windows Media Player. Image:
Microsoft's music player and browser scrutinised by China

SHANGHAI, CHINA: The head of the Chinese government agency investigating Microsoft for alleged monopoly actions said the probe includes the way the US technology company distributes its media player and browser.

26 Aug 2014

CHINA

Lenovo's smartphone shipments grew by 39% year-on-year as it made strong inroads into the smartphone market. Image:
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

Li Pumin of the NDRC is planning to "punish" Audi and Chrysler for "monopoly actions" in China, particularly with regard to parts supplies. Image:
China punishes Audi, Chrysler for 'monopoly' acts

SHANGHAI, CHINA: China stepped up pressure on foreign car manufacturers in the world's biggest car market, pledging to punish German luxury brand Audi and Chrysler of the United States for what it alleged was "monopoly behaviour".

7 Aug 2014

CHINA

Microsoft's Shanghai offices – along with three others – were raided by the SAIC in terms of its probe into anti-competitive behaviour. Image:
Microsoft probed for 'monopolising' China

SHANGHAI, CHINA: China is investigating Microsoft for allegedly operating a monopoly in its market, the government said, as it took aim at the US software company's over business practices.

30 Jul 2014

CHINA

Sony's Kazuo Hirai says producing localised content for the Chinese market will be fundamental to the company's success. China has an estimated 500m gamers. Image:
PlayStations to be sold legally in China

SHANGHAI, CHINA: Sony will sell its PlayStation consoles in China through two joint ventures, the Japanese gaming company and its Chinese partner, as they seek to tap into the estimated 500m people who play video games in China.

27 May 2014

CHINA

Bitcoin, a virtual currency, has seen values soar and fall. It is not underpinned by any asset other than trading by owners. Image: ]
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

CHINA

At least US$5,7bn spent on China's Singles Day. Image: Scottchan
China Singles Day sees shoppers spend US$5.7bn

BEIJING, CHINA: Chinese shoppers spent a record 35bn yuan (US$5.7bn) at the country's biggest online marketplaces on Singles Day, their operator said on Tuesday (12 November), after the festival created by e-retailers to persuade the loveless to...

13 Nov 2013

SOUTH AFRICA

Crunch time for fruit exports
Crunch time for fruit exports

After 23 years in SA's R6bn fruit industry, many of them as managing director of Tru-Cape Fruit Marketing - SA's biggest producer of apples and pears - Charles Hughes is retiring without having fulfilled his ambition of gaining access to China's vast...

16 Sep 2013

CHINA

Esprit posts USD566m annual net loss
Esprit posts USD566m annual net loss

HONG KONG, CHINA: Fashion retailer Esprit said on Tuesday, 10 September, that it suffered a net loss of HK$4.39bn (US$566m) in the year to June as it struggled to turn its brand around amid stiff competition.

10 Sep 2013

FRANCE

French retailer Auchan posts profit rise
French retailer Auchan posts profit rise

PARIS, FRANCE: French retailer Auchan last week reported an almost 34% rise in first-half net profits, mainly flattered by one-off gains and continued growth in Asia and central and eastern Europe.

2 Sep 2013

CHINA

China Mobile's net profit up 1.5%
China Mobile's net profit up 1.5%

HONG KONG, CHINA: China Mobile, the world's biggest mobile operator by subscribers, said on Thursday (15 August) its net profit for the first six months of the year grew by 1.5%, beating analysts' predictions.

16 Aug 2013



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