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Yahoo, Softbank back Alibaba in HK IPO battle (Update)

Chinese e-commerce giant Alibaba's biggest shareholders, Yahoo and Japan's Softbank Corp., on Friday backed the company's unusual management structure that Hong Kong's stock exchange was unwilling to accommodate, ...

Sep 27, 2013
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China's Baidu buys mobile app firm for $1.9 bn

China's leading web search engine Baidu is to buy a smartphone app distribution firm for $1.9 billion, it said Tuesday, in what is believed to be the largest takeover in the country's Internet industry.

Jul 16, 2013
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China's Tencent quarterly profit rises 32%

Chinese Internet giant Tencent on Wednesday posted a third quarter net profit increase of 32 percent, benefiting from the popularity of its instant messaging services and online games.

Nov 14, 2012
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China Mobile net profit rises 1.4%

China Mobile, the world's biggest mobile operator by subscribers, Monday reported a 1.4 percent rise in net profit for the first nine months of the year, amid robust growth in its subscriber base.

Oct 22, 2012
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