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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Gap Outlines Growth Plans For China

Singer Anna Calvi and rapper Theophilus London in Gap Spring/Summer 2014 campaigns | Source: Gap

NEW YORK, United States — Gap Inc. announced Wednesday it plans to more than triple sales in China in three years as it seeks to grab a bigger piece of the overall $1.4 trillion global clothing market.

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“10,000” Chinese Workers Join Strike at Factory Making Nike, Adidas, Reebok and New Balance

Source: Shutterstock

HONG KONG, China — Workers at a Chinese factory owned by the world's largest maker of athletic footwear are striking in a dispute over benefits.A worker said more than 10,000 employees at Yue Yuen Industrial's plant in the southern province of Guangdong joined the strike on Tuesday.

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