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Alibaba cloud arm set for centre stage as e-commerce plateaus

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It’s not the e-commerce business that’ll command the most attention when Alibaba Group Holding Ltd posts earnings Wednesday. It’s the nascent cloud computing division that investors will scrutinize instead. China’s largest Internet company reports just a week before Katy Perry and other stars headline a launch party for the annual… Read more »

The logo of Alibaba Group is seen inside the company's headquarters in Hangzhou, Zhejiang province early November 11, 2014. REUTERS/Aly Song
A Benjamin Franklin U.S. 100-dollar banknote and a Chinese 100-yuan banknote depicting the late Chinese Chairman Mao Zedong, are seen in a picture illustration in Beijing
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Billionaire Guo Guangchang, Executive Director and Chairman of Fosun International, attends the annual general meeting of the Chinese conglomerate in Hong Kong, China May 28, 2015.      REUTERS/Bobby Yip
Fosun’s Guo pivots to emerging markets after Europe, US spree

Guo Guangchang, the Chinese billionaire and self-styled disciple of Warren Buffett, is looking to invest in emerging markets for the first time as his conglomerate backs off of its buying spree in developed nations. “There are fewer and fewer investment opportunities as the overall valuation becomes expensive, especially in Europe… Read more »

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Louis Nguyen (sitting on the right)
Vietnam: ASEAN-US innovation centre proposed; $33.3m tech hub granted license

The tech space in Vietnam has welcomed multiple good news besides recent fundraising rounds of startups. On the sideline of the ASEAN-US Summit, the country’s prime minister proposed to set up a Vietnam-based ASEAN-US supportive centre for innovation and tech startups. Meanwhile, a new local centre, also for tech R&D, has receive investment license and is expected to come into operation in 2017.

The logo of the U.S. Johnson Controls company is seen in Nersac, southwestern France, January 31, 2008. REUTERS/Regis Duvignau
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Uber logo is seen on a vehicle near Union Square in San Francisco, California. Reuters.
India: Uber apes rival Ola, starts to lease cars to drivers

Ride-hailing company Uber has started leasing cars to drivers in India, borrowing a page from the play book of its larger rival Ola, as it seeks to expand market share. The leasing programme, aimed at attracting more drivers to its platform, is being tested in select cities such as Delhi,… Read more »