More than 330 million new shares of Google Inc. landed in the U.S. equity market today, completing a two-year process through which Sergey Brin and Larry Page are cementing control of the world’s third-biggest company.
Robert Xiao is the head of one of China's oldest video-game companies. The rise of mobile gaming should probably keep him up at night, but the CEO of Perfect World isn't intimidated by the new kids in town.
Chinese stocks fell the most in a month in New York, as Perfect World Co. sank after forecasting sales below analysts’ estimates while Suntech Power Holdings Co. slid amid debt restructuring and plans to close a U.S. plant.
Ctrip.com International Ltd., Qunar Cayman Islands Ltd. and eLong Inc. tumbled, sending Chinese stocks in the U.S. lower for a second week, on concern growing competition will cut profits at online travel companies.