By Paul Carsten BEIJING (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd [IPO-ALIB.N] may have dominated online retail on personal computers, but is some way from replicating that leadership in shopping by smartphone and other mobile devices. Alibaba, which is heading towards a bumper New York IPO later this year, is throwing billions of […]
(Reuters) – Tencent Holdings Ltd, Chinas biggest listed tech firm, will buy a 20 percent stake in online classifieds company 58.com Inc for $736 million as the company looks to boost its presence in the e-commerce business. Tencent, known for its mobile messaging app WeChat, has already spent more than $1.2 billion in areas such […]
A new banking Trojan disguised as the popular messaging app WeChat is being used by cybercriminals to harvest the financial data of Android users in China. WeChat, developed by Chinese company Tencent, has over 355 million users, and since many of them use it to make payments, the application a tempting target for cybercriminals. The […]
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