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  • April 18, 2014
  • Last updated: 7:48pm
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  1. Business - Money - INTERNET

    Alibaba IPO poised for reality check as internet stocks decline

    Posted Apr 05th 2014, 01:07am by Bien Perez and Sophie Yu

    ... internet company, reached a two-month low in trading yesterday. Shenzhen-based Tencent saw its share price fall to HK$512 in early trading, but finished down 3.93 per cent to HK$525. That marked ... expansion into mobile messaging and online financial services, as well as strategic acquisitions. "I think there is a big chance that Tencent would trade lower than HK$500. I expect it to fall ...

  2. News - World - INTERNET

    Microsoft admits scouring Hotmail user's e-mails even as it slams Google

    Posted Mar 21st 2014, 10:27pm by AP

    ... a Russian native who worked for Microsoft as a software architect in Lebanon. According to an FBI complaint alleging theft of trade secrets, Microsoft found Kibkalo in September 2012 after examining ... confirmation that the data was Microsoft's proprietary trade secret, on September 7, 2012, Microsoft's Office of Legal Compliance approved content pulls of the blogger's Hotmail ...

  3. Business - Companies - INTERNET

    WeChat in the way of Facebook's ambitions in China

    Posted Feb 21st 2014, 01:11am by BIEN PEREZ

    ... Alicia Yap, head of China internet research at Barclays, said the US$30 billion valuation for WeChat was reasonable based on the estimated 9.62 billion yuan (HK$12.22 billion) in revenue ...

  4. Business - China Business - INTERNET

    Expenses erode Sohu profit by 91pc

    Posted Feb 11th 2014, 01:57am by Sophie Yu

    ... It has bought many American television dramas and Chinese shows, which have bolstered advertising income. The online video advertising market on the mainland hit 12.14 billion yuan (HK$15.4 ...

  5. Business - Banking & Finance - INTERNET

    Online lending sites collapse amid fraud claim

    Posted Jan 23rd 2014, 01:19am by Benjamin Robertson

    ... A suspected mainland fraudster has reportedly fled to Hong Kong after his financing business collapsed, leaving investors with tens of millions of yuan in losses. The incident comes amid tightening ... police to investigate. The report said Zheng had recently entered Hong Kong and investors stood to lose at least 100 million yuan. In recent months, Beijing has started pushing against ...

  6. Business - China Business - INTERNET

    Alibaba mobile game plan to benefit large Chinese developers

    Posted Jan 10th 2014, 01:28am by BIEN PEREZ

    ... to its revenue-sharing model for this year. It will provide developers with a 70 per cent share of revenue for any mobile game that generates less than 500,000 yuan (HK$640,000) in monthly sales. For a game that earns more than 500,000 yuan a month, the share will be 50 per cent. Ricky Lai, a research analyst at Guotai Junan International, said Tencent, the mainland's largest listed ...

  7. Business - China Business - INTERNET

    China's online giants Alibaba and Tencent go head to head

    Posted Jan 18th 2014, 01:30am by Sophie Yu

    ... yuan (HK$320 billion), he said the penetration rate of online finance was very low. "It is a small number when you put it in the perspective of China's total deposits," he said. ...

  8. Business - Companies - INTERNET

    Singles' Day discounts prompt online shoppers to spend 30 billion yuan

    Posted Nov 12th 2013, 03:30am by Chris Luo, Celine Sun, Bloomberg

    ... discounts on Singles' Day. Taobao and Tmall, the two main online retailing platforms of Alibaba Group, smashed last year's combined record of 19.1 billion yuan (HK$24.17 billion) sales for the whole day in the first 13 hours yesterday. By 9.20pm, the total exceeded 30 billion yuan, the company said on its weibo account. The online shopping spree comes as the government is eager ...

  9. Business - China Business - INTERNET

    JD.com on track to top sales target

    Posted Dec 24th 2013, 01:55am by Reuters

    ... Reuters in Beijing E-commerce site is set to exceed 100b yuan in annual sales for the first time but it has a lot of catching-up to do to beat bigger rival Alibaba JD.com on track to top sales target JD.com the mainland's second-largest e-commerce site, is set to exceed 100 billion yuan (HK$126.7 billion) in annual sales for the first time in a market that has drawn ...

  10. Business - China Business - INTERNET

    Baidu enters smartphone security software market

    Posted Dec 19th 2013, 01:38am by BIEN PEREZ

    ... users were affected and the direct losses amounted to 70 million yuan [HK$89 million]," he said. Mobile Guardian scans for malicious fee-charging apps and deletes them. It also has ...




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