Hong Kong's SFC issued a warning on the BitForex exchange amid suspected fraud following the exchange's $57 million withdrawal in February.
Hongkong
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The SCMP Group finally closed the deal with Alibaba at a whopping US$262 million approximately. After many rounds of rumors, the Chinese company has announced that Alibaba has agreed to venture into the news business acquiring The South China Morning Post. This Hongkong based newspaper and the other assets of the SCMP Group including the Elle and Esquire sister concern publications and websites will cost Alibaba a big sum of more than $2 million.
Australian inbound M&A deals declined the most in a quarter of a century as plummeting commodity prices and a faltering local stock market challenged the appetite of overseas investors for the country's assets.
Beijing Enterprises Water Group Ltd. would purchase Standard Water Ltd.'s two project units for CNY1.35 billion as it expands further in China.
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