Online payments on China: Yahoo and Alibaba try to mend ties
Yahoo and Alibaba Group issued a joint statement on Sunday, as the two companies look to resolve a dispute over a Chinese online payment service.
China
Chinese web flotation of Jiayuan dating site
The latest major Chinese web property to float on the US stock market is the dating site Jiayuan. Along with US twin Friendfinder, it failed to capture investor confidence with shares losing ground in early trading on Nasdaq last week. New York still seems to be the place for flotation, but have the investors judged … [Read more…]
Yahoo shares show stock sensitivity for China market strategy
Stock market analysts marked down Yahoo this week on news that the strategy for China was unclear. Shares fell 7% in a day when the portal stated it was “engaged in ongoing discussions” about the future of its stake in Alibaba. This came after the Chinese ecommerce business sold control of its Alipay payment platform … [Read more…]
Renren shares fall after IPO: Sign of a Chinese internet bubble?
Shares of China’s largest social networking firm Renren have lost almost all the gains made since its US stock market debut last week, trading down 8%. The drop follows lingering accounting concerns and fears of further regulation and censorship from China’s government.
Internet regulation in China – New structures to meet new challenges
The regulation of online content and businesses has proved a difficult challenge for all countries. Latest to change their approach is China, with the government this week announcing a new agency to oversee internet regulation in China. This comes as big Chinese firms float in the US and investors are looking for clearer guidance about … [Read more…]
Mobiles ‘to replace metro and bus tickets’
Half a billion people worldwide will use their mobile devices as travel tickets on metros, subways and buses by 2015, according to new forecasts from Juniper Research.
Facebook to launch Baidu-powered social network in China?
Facebook has reportedly struck a deal Chinese search giant Baidu to open a jointly-owned social network in China.
China search giant Baidu shuts ecommerce site Youa… but builds a new one?
Chinese search engine Baidu is shutting down Youa, its e-commerce subsidiary, giving existing merchants have one month to migrate to either Rakuten China or Yaodian 100.
Tablets taking over from PCs?
The big change is happening. Latest Gartner data revises downwards the shipment volumes for PCs. Plugging the gap, the explosive growth of tablets. But have they got it right?
Groupon expands into China with ‘GaoPeng’ coupon site
GaoPeng, a daily-deals site that represents Groupon’s foray into China, has now begun accepting registrations, having signed a raft of deals with major retailers and services.