Internet Users News
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Updated 9 minutes ago
Sohu.com Inc., owner of China’s third-largest Web portal, is seeking strategic investment for its Sogou search unit to compete with Baidu Inc. for Internet users and advertising.
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Poland’s second-largest cable- television company is relying on proceeds from its record bond sale to repel competition from billionaire John Malone’s Liberty Global Inc. and Warburg Pincus LLC.
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Chinese equities retreated in New York from the highest level in three months, led by Aluminum Corp. of China Ltd., after investment in the nation’s fixed assets and industrial output trailed economists’ estimates.
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Billionaire Jack Ma, founder of Alibaba Group Holding Ltd., said he plans to focus on environmental protection and education as he steps down as chief executive officer of China’s largest e-commerce company before an initial public offering.
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China’s government is encouraging people to report corruption by filing anonymous tips on the Internet, as the Communist Party presses ahead with a campaign to crack down on official malfeasance.
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Alibaba Group Holding Ltd., China’s largest e-commerce company, had profit that doubled in the three months ended in December after commissions likely increased on surging sales.
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Alibaba Group Holding Ltd. doesn’t want to be the next Facebook Inc. -- at least for its prospective initial public offering. The world’s biggest online retailer is considering a more conservative valuation than what the social-networking company achieved last year, a person familiar with the situation said.
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Telefonica SA’s German division plans to deepen its cooperation with Deutsche Telekom AG for fixed- line products as it seeks to reverse a drop in broadband customer numbers and offer bundles for wireless clients.
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Sohu.com Inc., owner of China’s third-largest search engine, posted first-quarter profit that beat analyst estimates on higher online advertising sales.
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China will ban the use of military number plates on luxury cars, including Porsche and Bentley, in a crackdown on abuse of vehicle management within the armed forces amid President Xi Jinping’s campaign against corruption.
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