HANGZHOU-BASED Alibaba will pay US$586 million for 18% stake of Sina weibo, the twitter-like microblog service.

HANGZHOU-BASED Alibaba will pay US$586 million for 18% stake of Sina weibo, the twitter-like microblog service.

NASDAQ-traded Focus Media says today that shareholders have voted to approve a deal to privatize the company, adding to a long list of Chinese companies that have quit foreign exchanges. Previously announced on December 19 last year, the go-private deal values the Shanghai-based Chinese advertising company at $3.7 billion at a price tag of $27.50 […]

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Hong Kong's Centre for Food Safety announced the results of a targeted surveillance project on microbiological quality of bottled water. All 60 samples of bottled water reportedly passed the tests. The samples cover a variety of bottled water, includin…

Chinese online game developer and operator Giant Interactive Group Inc. announced that its board of directors has appointed Liu Wei, former president of Giant, as new chief executive officer; and appointed Ji Xuefeng, former senior development vice pre…

Economist reports: On their conservative calculations, China spent over $300 billion, in nominal terms, on the biggest SOEs between 1985 and 2005. This help often came in the form of cheap capital and underpriced inputs unavailable to international rivals. The…

Nike's flagship store in Beijing Wangfujing's shopping area, which is the company's first flagship store in China, will be reportedly closed when its lease expires, and H&M will be the new lessee of this site. According to reports in Chinese local media, Nike's Wangfujing flagship store was opened in 2007. With an area of 1,100 […]