Alibaba lobbying hard to stay off U.S. blacklist, following renewed suspected counterfeits sold on its platforms


Chinese e-commerce giant AlibabaGroup Holding Ltd is lobbying hard to stay off the U.S. Trade Representative’s blacklist after coming under renewed pressure this year over suspected counterfeits sold on its shopping platforms. Re-inclusion on the USTR’s annual list of the world’s most “notorious markets” for sales of pirated and counterfeit… Read more »

Apple’s auto ambitions sideswipe electric motorcycle startup

Apple Inc’s aggressive recruitment of auto experts as it explores building a car has left a promising, if financially troubled, electric motorcycle startup in the dust. Mission Motors, whose sleek electric bikes drew comparisons to Tesla’s cars, ceased operations in May after losing some of its top engineering talent to… Read more »

China’s Huawei to invest $1b to support developers over next five years

China’s Huawei Technologies Co Ltd on Monday said it will spend $1 billion to support information and communication technology developers over the next five years. “The aim is to help developers create innovative services and rapidly respond to customers’ business needs,” Huawei executive director and president of products and solutions… Read more »

Beijing promotes low-paid college grads to startup CEOs

Quitting her job as receptionist, joining rock bands and chancing her tattoo-sleeved arm at small business ventures would once have branded college graduate Ding Jia as a rebel in China. Now she can claim state endorsement as a “creative”. “I haven’t had a formal job in years,” said Ding, 31,… Read more »

Chinese firms want to build, finance California high-speed train

A team of Chinese firms, along with the Export-Import Bank of China, wants to build and finance a large part of California’s proposed 800-mile high-speed rail project. The firms expressed their interest last month in a 23-page document sent to the California High-Speed Rail Authority. The authority asked private companies… Read more »

Steve Ballmer takes four percent stake in Twitter, owns more than CEO

Former Microsoft Corp Chief Executive Steve Ballmer has taken a 4 percent stake in Twitter Inc, according to his spokesman, making him the third-biggest individual shareholder in the social media company. Ballmer‘s stake is worth more than $800 million based on Twitter’s $21 billion market value. Only co-founder Evan Williams and… Read more »

Three Chinese telecom players to merge infrastructure assets into single JV firm

The mainland Chinese telecommunication sector is seeing consolidation with the three largest telecommunications conglomerates reaching an agreement to sell their industry network assets to a new joint venture, China Tower Corp, in a deal worth approximately $36 billion. According to a Venturebeat report, this consolidation of assets was conducted as the conglomerates came… Read more »

Deutsche Bank restructures business, removes top executives

Deutsche Bank is restructuring its business, splitting its investment bank in two and parting ways with some of its top bankers as the new chief executive of Germany’s biggest bank sets out its most “fundamental” overhaul. Chief Executive John Cryan has come under mounting pressure to reform the bank, as… Read more »

Why Australia’s IAG threw in the towel on China

When Insurance Australia Group , the country’s largest general insurer, announced ambitious plans in June to ramp up its business in mainland China, several institutional investors including Jason Kim were seriously concerned. Kim, a portfolio manager at Nikko Asset Management which owns about A$143 million ($104 million) worth of IAG… Read more »

Carlyle Group names Sunil Kaul as head of SE Asia buyout advisory team

Global alternative asset manager company Carlyle Group has named Sunil Kaul as its new managing director to head Southeast Asia region of the Carlyle Asia buyout advisory team. Kaul’s appointment is with immediate effect. The appointment comes after Carlyle fired its top dealmaker in Indonesia after the banker was fined by… Read more »