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Posts Tagged ‘Chinas Tencent Holdings Ltd’

By Adam Jourdan SHANGHAI (Reuters) – Alibabas dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion. In a rare blip, Alibaba Group Holdings lost […]

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HONG KONG/BEIJING (Reuters) – Chinas central bank has ordered online payment units of dotcom giants Alibaba and Tencent to stop processing online payments using QR codes, the two companies said on Friday. Alipay is the online payment unit of Alibaba Small and Micro Financial Services Group, an affiliate of Alibaba Group Ltd. The online payment […]

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Chinas largest e-commerce company Alibaba Group Holding has agreed to buy a controlling stake in ChinaVision Media Group Ltd for $804 million, giving it access to TV and movie content as competition in the worlds biggest Internet market becomes increasingly cutthroat. The pact, which sent ChinaVisions stock surging, comes amid a flurry of deals as […]

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