Tencent Music raises $1 billion in US IPO

Tencent Music, the streaming division of Chinese technology giant Tencent, said Tuesday it will raise $1.07 billion from the pricing of its US public share offering.

China's Xiaomi submits HK filing, with big IPO expected

Chinese smartphone maker Xiaomi has kicked off what is expected to be the world's biggest initial public offering (IPO) of shares in years after it filed documents with Hong Kong's stock exchange.

China's Tencent posts 25% profit surge in Q2, revenue slows

Chinese Internet giant Tencent saw its net profit surge by 25 percent in the second quarter buoyed by growth in online advertising revenue and its popular messaging service WeChat, the company said Wednesday.

Alibaba post-IPO structure gives insiders control

Control over Alibaba Group will stay in the hands of founder Jack Ma and other company veterans after the Chinese e-commerce giant goes public on the New York Stock Exchange in a record busting share sale.

Alibaba founder conciliatory over missed HK listing

Alibaba founder Jack Ma struck a conciliatory note Monday over its failure to list in Hong Kong, as the Chinese e-commerce giant began an Asian roadshow before a possible record-breaking IPO in New York.

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, forcing ...

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.

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.

China's Lenovo claims top spot for consumer PCs

Chinese computer maker Lenovo Group said it had become the global market leader in consumer and notebook personal computers, as it posted a 13 percent rise in second-quarter net profit.

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