China’s Central Bank Halts Tencent, Alibaba Mobile Payment Process

Source: Reuters

HONG KONG, China — China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding, amid concerns over the security of their verification procedures.

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Fast Retailing Gains in Hong Kong Debut, Aims For Bigger China Profile

Uniqlo | Source: Bloomberg

HONG KONG, China — Uniqlo owner Fast Retailing Co Ltd climbed 7 percent in its Hong Kong trading debut — a listing aimed at raising its profile in China where it plans to expand aggressively as part of its bid to become the world's top clothing firm.

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Sina Hires Credit Suisse, Goldman for $500 Million Weibo U.S. IPO

Sina Corporation's Weibo.com | Source: Shutterstock

HONG KONG, China — Sina Corp has hired Credit Suisse AG and Goldman Sachs Group Inc for a U.S. initial public offering of its Sina Weibo microblogging service worth about $500 million, a source familiar with the plans said on Monday.

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