Mobile Internet Shakes Up Stodgy China Industries

Source: Associated Press

BEIJING, China — Alibaba, the e-commerce giant planning a blockbuster share sale in the U.S., shook up China's vast but sleepy retailing industry by popularising online shopping. Now it and China's other Internet giants are mounting challenges in areas from banking to broadcasting.

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Alibaba Leads $1.22 Billion Stake in Video Site Youku Tudou

Alibaba Headquarters | Source: Reuters

BEIJING, China — Alibaba Group Holding Ltd. and founder Jack Ma’s Yunfeng Capital agreed to buy a $1.22 billion stake in video website Youku Tudou Inc. as China’s biggest e- commerce operator prepares for a U.S. initial public offering.

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Adidas to Move Some Output From Strike-Disrupted China Factory

Workers outside Yue Yuen Industrial in Dongguan, China | Source: Reuters

HONG KONG, China — Adidas AG is moving some production away from Yue Yuen Industrial Holdings Ltd.’s shoe factory in Dongguan, China, where a strike over benefits and pay disrupted output for a ninth day.

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