Alibaba.com’s $2.5 billion privatization bid approved

Source: Hurriet Daily News

Chinese e-commerce firm Alibaba Group’s $2.5 billion bid to take its Hong Kong-listed unit private was cleared on May 25 by minority shareholders, easing the way for CEO Jack Ma to gain more control over his company’s destiny. The approv ...
Full article at: Hurriet Daily News  More like this  19 hours ago, 4:32pm CDT

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Shareholders vote to take China's Alibaba unit private

Source: Bangkok Post

Minority shareholders of Alibaba.com on Friday voted in favour of a proposal by its parent Alibaba Group Holding to take the Hong Kong-listed online trading unit private, the company said. Minority shareho ...
Full article at: Bangkok Post  More like this  21 hours ago, 1:48pm CDT

China: Tech Companies Yahoo, Microsoft, and Nokia Dominate Headlines

Source: Minyanville

MINYANVILLE ORIGINAL With China's growth slowing, Premier Wen Jiabao said this week that the government is open to employing pro-growth economic policies to stimulate the economy if necessary. “We should continue to implement a proactive fiscal poli ...
Full article at: Minyanville  More like this  22 hours ago, 12:52pm CDT

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Week in review: May 19-25

Source: Westlaw Business Currents

May 25 – Takeda Pharmaceutical, Japan's top drugmaker, is to buy Brazil's Multilab for up to 540 million Brazilian reals ($265 million). Takeda will pay 500 million reals upfront to the owners of Multilab and up to 40 million in additional future miles ...
Full article at: Westlaw Business Currents  More like this  1 day ago, 8:55am CDT

Researchers successfully test solar desalination system for arid land agriculture

Source: PhysOrg.com

Ben-Gurion University of the Negev (BGU) researchers have created a man-made oasis in the desert with the successful application of a solar-powered desalination system that provides water for irrigation in arid regions. The project was made possible w ...
Full article at: PhysOrg.com  More like this  1 day ago, 8:33am CDT

Alibaba.com buyout plan approved

Source: The BBC

Shareholders of Alibaba.com have agreed to the company's plan to buy back shares in a bid to take the firm private. Alibaba Group said it will pay about $2.5bn (ÂŁ1.5bn) to complete the buyback, which is expected to be f ...
Full article at: The BBC  More like this  1 day ago, 9:21pm CDT

How Big Will Alibaba Group Become?

Source: Forbes

Jack Ma‘s Alibaba Group is an extremely powerful force of e-commerce in China. It’s really like the combination of Amazon (AMZN) and eBay (EBAY) in China today. Recently, consultants estimated that 60% of the packages on the road today in China are deliv ...
Full article at: Forbes  More like this  1 day ago, 3:45pm CDT

China Investment Corp. in Talks for Alibaba Stake

Source: The New York Times

The China Investment Corporation is in advanced talks to pour as much as $2 billion into the Alibaba Group to help finance the Internet company’s efforts to buy back a stake from Yahoo , a person briefed on the matter said on Thursday. C. ...
Full article at: The New York Times  More like this  1 day ago, 3:06pm CDT

China’s CIC eyes $2-billion stake in Alibaba Group

Source: Montreal Gazette

HONG KONG – Sovereign wealth fund China Investment Corp. (CIC) is in advanced talks to buy an up to $2-billion stake in Alibaba Group (ALBCF.PK), sources told Reuters, as the Chinese e-commerce powerhouse looks to secure the last of the funding it ...
Full article at: Montreal Gazette  More like this  2 days ago, 9:38am CDT