The HKD 2.8 billion or USD 364 million investment that Alibaba will make in appliance maker Haier will enable China's leading ecommerce firm to enhance its logistics and distribution network.
Regions
Capital gains tax to diminish the lure of London's property market to foreign buyers
A capital gains tax set to take effect in April 2015 which would be levied on the homes sold to people living abroad could diminish the status of London as a property magnet for foreign investors, Bloomberg reported.
Australian energy firm Ambassador exits gas field stake for $42.5M
Australia-based energy company Ambassador Oil and Gas Ltd has sold its 52.5% stake in South Australia's Cooper Basin, a potential gas field, to New Standard Energy Ltd for USD42.5 million.
US Govt exits final General Motors stake
The US government has finally sold its last remaining stake in General Motors, the largest automaker in the US in terms of sales, according to a Financial Times report.
Washington's Opscode raises $32M in Series D, changes name to Chef
Washington-based tech firm Opscode has raised USD32 million in a Series D funding round and changed its name to Chef after its configuration management and IT automation "cookbook" has become popular in the enterprise market.
Latest News
Lazada, the "Amazon of Asia" has raised USD250 million from Rocket Internet to mainstream the company's position as the largest online retailer in Southeast Asia.
Bitcoin has fueled a rise in cyberattacks where computers and data are held hostage until the owner pays the ransom in the digital currency, according to a report.
ValueClick, Inc. today announced that it has agreed to sell 100 percent of its Owned and Operated Websites (O&O) segment to IAC.
MRC Global Inc. announced today that it has entered into an agreement to acquire privately held Stream AS for approximately $260 million including the assumption of debt.
The E.W. Scripps Company has acquired Columbia, Mo.-based digital video news provider Newsy, a five-year-old startup that has built its early success on a multi-source, multi-platform approach to storytelling.
Lenders to troubled Stemcor, the world's largest steel trader, have been selling their exposure to hedge funds and distressed debt specialists before a key restructuring deadline on December 13, banking sources said on Monday.
The Israeli parliament passed legislation on Monday aimed at improving economic competition by halting pyramid structures in companies and breaking up large conglomerates blamed for high living costs.
Balaji Srinivasan, the cofounder of genetic-testing company Counsyl, is joining the venture capital firm Andreessen Horowitz as a general partner, Andreessen Horowitz said on Monday.
HealthLoop, a maker of an automated patient health assessment platform, received USD10 million in Series A funding from investors led by Canvas Venture Fund and also participated by Subtraction Capital and other institutional investors.
