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Alibaba affiliate launches Internet bank for SMEs, "little guys"

Last Updated: Thursday, June 25, 2015, 16:16

Alibaba Group Holding Ltd`s financial affiliate launched on Thursday Internet bank MYbank, targeting the small- and medium-sized Chinese enterprises that have struggled to obtain credit from major financial institutions.

Xiaomi enters money market fray with Huoqi Bao service

Last Updated: Tuesday, May 12, 2015, 21:47

Chinese smartphone maker Xiaomi Inc waded into China`s red hot online finance arena on Monday with a new money market fund to compete against the likes of tech rivals Alibaba Group Holding and Tencent Holdings.

Ford guns for China's app addicts, seeks WeChat tie-up

Last Updated: Tuesday, February 17, 2015, 09:06

Ford Motor Co wants Tencent Holdings Ltd to tailor its popular chatting app for the firm`s cars in China.

Alibaba to set up mobile gaming platform in China

Last Updated: Wednesday, January 8, 2014, 18:38

E-commerce giant Alibaba Group Holding Ltd said on Wednesday it would set up a mobile gaming platform in China, venturing into a fast growing sector dominated by tech rival Tencent Holdings Ltd.

China's Tencent buys $448 mn stakes in Sohu's search arm

Last Updated: Monday, September 16, 2013, 19:26

China's leading Internet firm, Tencent Holdings Limited, has invested USD 448 million in Sogou, the search engine arm of internet company Sohu.