The chairman and founder of Alibaba, China’s largest e-commerce site, said in November he aims to generate at least 50 percent of the group’s revenue from outside the country. That’s a tall order considering the contribution from offshore has been moving in the opposite direction.
India isn’t alone in knocking back Apple’s attempts to import used devices. In fact, many electronics companies ban their recycling partners from exporting e-waste across regions as part of a global effort to stop developing countries from becoming the trash bin for richer nations’ discarded devices.
Baidu Inc. plans to boost investments in India and Indonesia as China’s largest Web search provider tries for a greater presence on smartphones. “They have a lot of characteristics that mimic China’s development,” Chief Financial Officer Jennifer Li said during an interview in Beijing on Monday. “There is no legacy… Read more »