Alipay may take stake in Wirecard
Wirecard AG is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it…
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Chinese
Wal-Mart lets down China online strategy, starts again with stake in Alibaba rival
Wal-Mart Stores Inc has sold its Chinese online grocery store in return for a stake in the country's no. 2…
Israeli augmented reality firm Lumus gets 15 million dollars
Lumus, a developer of technology for augmented reality, said on Wednesday it has received $15 million of funding…
China’s Didi Chuxing scores $7.3 billion in new funding
Chinese car-hailing app Didi Chuxing Technology Co said it raised $7.3 billion in its latest round of funding,…
China’s Xi to sign trade, aviation deals on eastern Europe visit
Chinese President Xi Jinping is expected to sign a series of agreements in areas ranging from trade to civil…
Electric car startups fueled by Chinese money aim to catch Tesla
A few miles from Tesla Motors Inc's Palo Alto headquarters, a Silicon Valley startup plans to challenge the…
Asian Shares choppy before Fed, Brexit vote; China sees off MSCI disappointment
Asian shares were volatile on Wednesday as a U.S. Federal Reserve policy decision later in the day and Brexit…
Chinese banks’ current non-performing loans manageable – IMF’s Lipton
The current level of non-performing loans at Chinese banks is a manageable problem, but must not be allowed to get…
Chinese search giant Baidu lowers revenue forecast, shares sink
Chinese online search giant Baidu Inc cut its revenue forecast for the current quarter, saying regulatory scrutiny…
Siemens CEO says not interested in robot maker Kuka
Siemens has no interest in becoming a white knight for German robot maker Kuka, which is the target of a 4.5…
