Posts Tagged ‘acquisition’

Baidu’s Latest Acquisition Strengthens Its Smart Home Services

Smart home technology company Raven Tech is reportedly being bought by Chinese search engine Baidu for an undisclosed sum. Chinese …


Chinese Fintech Firm Buys American Cybersecurity Company

eyeAnt Financial, the fintech company running’s Alibaba Alipay affiliate, has just purchased an American cybersecurity firm for US$70 million, according …


Israeli Cloud Security Company Eyed By Chinese Firm

Chinese telecom device maker Huawei reportedly plans to acquire Israeli cloud database security start-up HexaTier for up to US$42 million. …


Alibaba’s Chief Bets Big On Internet Gambling, Which Is Banned In China

wasting moneyDon’t believe anyone who says Alibaba.com’s founder Jack Ma doesn’t intend to upset the status quo and sense of stability …


Foxconn To Cut 7,000 Employees After Sharp Acquisition

fired employeeFollowing Foxconn’s USD3.5 billion acquisition of Sharp, the Taiwanese company will position the new executive team in July to accelerate …


Alibaba Closes Offices In India

China and IndiaOver the past few months, China-based Alibaba has closed four enterprise e-commerce platform offices in India. According to reports in …


Cloud Computing Adoption In China Adds More Net Profit For Unisplendour

UnisplendourUnisplendour Corporation Limited released its financial report for 2015 and showed that the company realized operating revenue of CNY13.35 billion, …


Foxconn’s Board Approves Sharp Purchase

SharpJapan’s Sharp today accepted a multi-billion dollar buyout deal from Taiwan’s Foxconn Technology Group. The Taiwanese company may spend as …


Are Chinese Companies Buying Opera’s VPN Business?

VPN services in ChinaA consortium of Chinese companies, including Qihoo 360 and Kunlun, have proposed to fully acquire Opera, a Norwegian browser provider, …


Alibaba’s South China Morning Post Purchase Puts Focus On News Coverage

Chinese e-commerce boss Jack Ma is emulating America’s Amazon.com boss Jeff Bezos, who recently purchased The Washington Post, by purchasing his own media empire in Hong Kong, the South China Morning Post. Alibaba Group Holding Limited says it has entered into a definite agreement to acquire the South China Morning Post and other media assets […]