Tags: China
Asia shares take comfort from U.S. data, yen nurses losses
Asian shares took solace from data showing broad U.S. economic strength even as signs of spreading weakness in China and Europe checked risk appetite, while the yen nursed its losses after sliding to multi-year lows against the dollar and euro overnight.
Alibaba to launch international version of Taobao marketplace
Jack Ma, the founder of China's Alibaba Group Holding Ltd (BABA.N), said on Thursday the firm will set up an international version of its e-commerce marketplace Taobao to serve shoppers worldwide in multiple languages, including English and Chinese.
Canada's Kik raises $38 million, buys video messaging app Relay
Canadian mobile instant messaging company Kik Interactive Inc said on Wednesday it had raised C$38.3 million and acquired video messaging company Relay as it aims to turn its youth-focused application into a broader platform for commerce.
BMW China CEO sees margins narrowing, expects to beat market
BMW's (BMWG.DE) China head expects profit margins to narrow as the German premium automaker steps up localization to maintain double-digit growth amid slowing demand and tougher competition in the world's biggest auto market.