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Jack Ma: English teacher turned Internet billionaire

After being knocked back by American venture capitalists in 1999, Jack Ma -- a cash-strapped entrepreneur -- convinced friends to give him $60,000 to start Chinese online retailer Alibaba.com.

India misses deadline for 3G auction

India's government has missed a deadline for inviting bidders to take part in its long-awaited auction for third generation (3G) mobile telecom services.

Czechs axe 4G tender, says bids too high

The Czech CTU telecommunications watchdog said Friday it had cancelled its first-ever auction of fourth-generation mobile frequencies, saying the bids it had received were too high and would mean overly high service costs ...

PayPal opens Southeast Asian operations centre

PayPal, the US-based online payment giant, has moved to expand its global presence with its first Southeast Asian operations centre, the latest in a string of similar offices around the globe.

eBay buys recommendation service Hunch

Internet auction giant eBay said Monday it has bought Hunch, an online service which provides users with personalized recommendations for products and services.

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