New NYC law, San Francisco lawsuit highlight global risks for Airbnb
SAN FRANCISCO/BERLIN Airbnb, the online lodging service that investors now believe is worth $30 billion, faces a reckoning.
Ant Financial Services Group, the finance arm of Chinese e-commerce giant Alibaba Group Holding Ltd, is in talks to invest in business magazine publisher Caixin Media, Bloomberg reported on Tuesday, citing people familiar with the matter.
Caixin, founded by Hu Shuli, has been discussing a stake sale with Ant Financial which operates Alipay and Alipay Wallet, Bloomberg said. No deal has been signed yet, Bloomberg reported.
Alibaba has been expanding its portfolio of media and content companies. In December, the company agreed to buy Hong Kong-based South China Morning Post and other media assets of SCMP Group for $266 million.
Ant Financial Services declined to comment and Caixin was not immediately available for comment.
(Reporting by Vishal Sridhar in Bengaluru and John Ruwitch in Shanghai; Editing by Gopakumar Warrier)
BANGKOK Thailand’s government met with representatives from Internet giant Google, amid growing calls from Thai hardline royalists to bring those who insult the monarchy to justice, as many Thais look with uncertainty to a future without their revered king.
NEW YORK Advertising technology company Mirriad says it is working with Samsung Electronics Co Ltd and China's video site Youku to market Samsung products to Chinese viewers who are gravitating toward streaming video content.