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.
HONG KONG, China — JD.com Inc., the Chinese retailing website that filed for a $1.5 billion U.S. initial share sale in January, may kick off its offering in the second quarter, three people with knowledge of the matter said.
HONG KONG, China — Tencent Holdings Ltd., Asia’s largest Internet company, agreed to buy a 15 percent stake in Chinese e-commerce company JD.com for $214.7 million as it steps up its challenge to Alibaba Group Holding Ltd.
BEIJING, China — Karl Lagerfeld and a Macau casino operator announced plans Friday for the Chanel designer to create his first hotel.
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.
SHANGHAI, China — As Chinese shoppers get better acquainted with so- called accessible luxury brands, they’re discovering a designer wardrobe doesn’t have to cost them months of pay.
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.
As China’s consumer revolution advances, there are still a slew of misconceptions about shoppers in the world’s largest luxury market.
HONG KONG, China — Tencent Holdings Ltd., Asia’s largest Internet company, is in talks to combine its e-commerce operations with Chinese online retailer JD.com Inc., according to two people familiar with the matter.