A consortium led by private equity firms Hillhouse Capital Group and CDH Investments offered on Friday to buy Belle International Holdings Ltd in a deal valuing the Hong Kong-listed shoe retailer at about $6.8bn.
Alibaba Executive Chairman Jack Ma said on Tuesday the Internet should be a utility available to the whole world, putting his weight behind a UN call for e-commerce to boost developing economies and help fight poverty.
China's Ant Financial tried to soothe security concerns about its proposed $880 million takeover MoneyGram International Inc on Thursday, saying it intends to store U.S. user data locally once the deal closes.
San Francisco startup Wyre Inc, a cross-border payments firm, has acquired a Beijing-based platform, in what could be the first acquisition by a U.S. firm of a Chinese blockchain business in the corporate payments space.
Sears Holding, the retailer, looks to be rapidly hurtling toward bankruptcy, and therein lies a cautionary history lesson for Amazon.com, Alibaba and other internet conglomerates seeking international domination.
Euronet Worldwide Inc ramped up its fight against China's Ant Financial Services Group in trying to acquire MoneyGram International Inc, urging the U.S. government to closely scrutinize the rival Chinese bid.
U.S. electronic payments company MoneyGram International Inc said on Monday that peer Euronet Worldwide Inc's offer could result in a superior proposal compared to the one from China's Ant Financial Services Group.