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China's Alibaba to buy back shares from Yahoo! for $7.1B

NEW YORK – Alibaba, China's top e-commerce player, will re-purchase a 20-percent state in itself from US portal Yahoo! for at least $7.1 billion, the companies announced Sunday. (here is more…) Related items Yahoo! to sell stake in China's Alibaba for $7.1 billion Yahoo in talks to sell 15-25 percent …

Yahoo in talks to sell 20% of Alibaba

Yahoo is in talks to sell about 20 percent of Alibaba Group Holding Ltd. for about $7 billion, a deal that would cut by half its stake in China's largest e-commerce provider, a person with knowledge of the matter said…. (here is more…) Related items Alibaba Buys Back 20% Stake …

China's Baidu posts 76% surge in Q1 profit

(MENAFN) China's Baidu Inc. stated that net income in the first quarter hiked 76 percent from the same period a year earlier to USD299 million, reported AP. The country's leading search engine … (here is more…) Related items China's Baidu posts 76% surge in Q1 profit Baidu 1Q profit rises; …

China's Baidu posts 76% surge in Q1 profit

(MENAFN) China's Baidu Inc. stated that net income in the first quarter hiked 76 percent from the same period a year earlier to USD299 million, reported AP. The country's leading search engine … (here is more…) Related items China's Baidu posts 76% surge in Q1 profit Baidu 1Q profit rises; …

China Telecom profits fall on handset costs

(Telecompaper) China Telecom reported first-quarter revenues up 15.7 percent from a year earlier to CNY 67.93 billion. Excluding mobile device sales, revenues were up 12.0 percent to CNY 62.3 billion. The operator's EBITDA, before fees for CDMA network leasing, came in at CNY 24.03 billion, up just 0.9 percent, due …

China Mobile goes 4G in Hong Kong; Q1 profit up

By Lee Chyen Yee HONG KONG (Reuters) – China Mobile posted a 3.5 percent rise in quarterly profit and marked its entry into 4G wireless technology on Friday, launching services in Hong Kong as it aims … (read on…) Related items China Mobile says Q1 up 3.5 percent, meets forecasts …

China Mobile Profit Misses Estimates on Costs to Add Users

China Mobile Ltd. (941) profit rose 3.5 percent, missing analyst estimates, as the world’s biggest carrier by subscribers increased spending to attract users. (read on…) Related items China Mobile says Q1 up 3.5 percent, meets forecasts China Mobile Drops After Profit Misses Analyst Estimates China Mobile Q1 Profit Up 5.4% …