China’s calls on watchdog to investigate Alibaba’s promotional activities


China’s second-largest e-commerce company Inc said it has sent a letter of complaint to a Chinese antitrust regulator and formally requested an investigation into rival Alibaba Group Holding. The complaint concerns a State Administration for Industry and Commerce (SAIC) regulation that forbids e-commerce platforms from limiting or barring their… Read more »

Google’s Alphabet to go the VC way with ‘aspects of Berkshire’ to it, says Larry Page

In a rare public appearance, Google co-founder and Alphabet Inc CEO Larry Page explained why he was spurred to create a whole new structure for the company he created with Sergey Brin almost two decades ago. “I want to push the envelope for what’s possible for an innovative company with large… Read more »

Global law firm Dentons to merge with Australia’s Gadens, Singapore’s Rodyk & Davidson

International law firm Dentons said on Monday it has agreed on terms for mergers with 500-lawyer Australian firm Gadens and 200-lawyer Singaporean firm Rodyk & Davidson, whose partnerships will vote on the deals in the coming weeks. If the mergers are approved, Dentons Chief Executive Officer Elliott Portnoy said integration… Read more »

Google’s drone package deliveries to consumers to take flight in 2017

Internet giant Alphabet Inc, the new holding company for Google, expects to begin delivering packages to consumers via drones sometime in 2017, the executive in charge of its drone effort said on Monday. David Vos, the leader for Alphabet’s Project Wing, said his company is in talks with the Federal… Read more »

Video game maker Activision Blizzard to buy ‘Candy Crush’ creator King Digital for $5.9b

Video game maker Activision Blizzard Inc said it will buy “Candy Crush Saga” creator King Digital Entertainment for $5.9 billion to strengthen its mobile games portfolio. ABS Partners CV, a unit of Activision Blizzard, will acquire King shares for $18 each in cash, representing a premium of 16 percent to King’s… Read more »

StanChart to raise $5.1b fresh capital through rights issue, cut 15,000 jobs

Standard Chartered Plc (StanChart) said it would axe 15,000 jobs and raise $5.1 billion (£3.3 billion) by selling new shares as its new chief executive set out plans to restore profitability to a bank hit hard by an economic slowdown in emerging markets. It will cut 17 percent of the workforce… Read more »

Dell may sell non-core assets worth $10b ahead of EMC merger

Dell Inc is preparing to sell around $10 billion in non-core assets, including software and services, to reduce the heavy debt load it will be taking on to buy EMC Corp, according to people familiar with the matter. Dell, which will assume $49.5 billion of debt once the merger with… Read more »

40% online sales in China are counterfeit, bad quality goods

More than 40 percent of goods sold online in China last year were either counterfeits or of bad quality, the official Xinhua news agency said, illustrating the extent of a problem that has bogged down the fast-growing online sector. According to the report, which was delivered to China’s top lawmakers… Read more »

Japan Post IPO raises 1.4t Yen, oversubscribed 5 times

Japan‘s postal and financial firms attracted solid bids of more than five times their planned initial share offerings, Japan‘s largest IPO in three decades, two sources with knowledge of the deal said on Monday. Japan Post Holdings, and its two financial subsidiaries, Japan Post Insurance and Japan Post Bank, will be… Read more »

APAC draws global VC money, with India and China in the lead: Aranca

Global venture capital (VC) firms are gradually shifting their focus to Asia-Pacific, as the booming technological ecosystem in emerging markets beckons those seeking a share of the pie. Aranca, a research and analytics services provider, said in a report on global VC trends that the startups in the developed markets, such… Read more »