Walmart is close to finalising a deal to buy a majority stake in India’s leading e-commerce company for at least $12bn and may complete the agreement in the next two weeks, according to people familiar with the matter
A key stumbling block in trade negotiations between China and the US has been Beijing’s extensive support for its technology firms. But if US President Donald Trump’s administration thinks that will change any
Banks around the world have spent the past few years preparing for competition from small, nimble technology start-ups. It turns out the real threat may be Jeff Bezos. Financial institutions have parried the threat from fintech firms by
HTC is exploring its options. That’s exactly what the former smartphone high flyer should be doing. An adviser has been engaged and the Taiwan manufacturer is considering bringing in a strategic investor. A full or partial
There’s only one stock in Asia that’s really mattered this year – Tencent Holdings, in which South Africa’s Naspers has a 33.2% stake. A 76% surge in its Hong Kong shares has lifted the company’s value by US$175bn (R2.3 trillion
Alibaba and Tencent can count themselves among the world’s costliest technology companies after a stellar run. To justify those lofty valuations, China’s two largest corporations have to deliver on some of the riskiest bets they’ve
Alibaba Group chairman Jack Ma said society should prepare for decades of pain as the Internet disrupts the economy. The world must change education systems and establish how to work
Tencent Holdings’ messaging services were by far the most popular Chinese mobile apps in 2016, leading steady growth in the world’s largest Internet and smartphone market, the government’s online industry overseers said on Sunday. WeChat remained the most
Yahoo, or rather what will be left of it once it has sold its operational Internet assets to Verizon Communications in a $4,8bn deal, will change its name to the rather obscure Altaba, the US company said in a regulatory filing
US President-elect Donald Trump made the vilification of China a key plank of his stormy campaign. Yet its technology giants are already figuring out how they can profit off his victorious White House bid