Alibaba Group has made a non-binding proposal to acquire all outstanding shares of Chinese online video platform, Youku Tudou Inc., that it does not already own, according to an announcement. Alibaba is planning to acquire shares at US$26.60 per American Depository Share (ADS) in an all-cash deal. Alibaba is making the proposal with the support […]

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Football fan with links to Abu Dhabi to visit Etihad stadium instead of Old Trafford

Beijing-based alcoholic beverage e-commerce company Jiuxian.com, backed by China Development Bank Capital Corporation Ltd. (CDB Capital), Rich Land Capital and Sequoia Capital, has received regulatory approval to list on China's National Equities Exchange and Quotations (NEEQ). In a securities filing, Jiuxian.com's operator, Jiuxianwang E-Commerce Corporation, revealed that it recorded revenues of RMB1.578 billion and a […]

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The Good Resources Holdings Limited, a Hong Kong-listed investment holding firm, has agreed to jointly launch a global M&A fund with Bank of China's Hong Kong asset management unit, according to a securities filing. The vehicle, named BOCHK And Good Resources Global Merger and Acquisition Fund, plans to raise US$5 billion to invest in market-leading […]

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Growth figures will reveal if country’s landing is hard or soft

Sina Corporation has entered into the telecommunication business by announcing a strategic investment worth US$100 million in Shenzhen Uxin Internet Technology Co., Ltd., a start-up that allows users make free Internet phone calls. In a press conference held in Beijing yesterday, Sina said it plans to invest US$100 million in capital and resources in Uxin, […]

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Beijing-based 36Kr.com, an online platform for venture capital news and professional services start-up, has completed an undisclosed amount series D round of financing led by Ant Financial, the financial services arm of Alibaba Group Holding Limited. A unit of Huatai Securities Company Limited and existing investor Matrix Partners also participated, according to an announcement. Ant […]

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Tuition companies in high-stakes battle for top talent