HONG KONG - Chinese e-commerce giant Alibaba Group Holding Ltd has decided to hold its long-awaited IPO in the United States and is in discussions with six banks to underwrite the deal, in what is set to the most high-profile public offering since Facebook Inc's listing nearly two years ago.
Recent Technology News
SAN FRANCISCO - Twitter-like messaging service Weibo Corp filed on Friday to raise $500 million via a U.S. initial public offering, as Chinese companies flock to the American market in record numbers to take advantage of soaring valuations.
DUBAI - Virgin Mobile Middle East & Africa (VMMEA) said it expected to launch telecommunications services in Saudi Arabia in the first half of 2014 after the industry regulator gave it a licence.
HONG KONG - China's e-commerce giant Alibaba Group Holding Ltd is planning a U.S. IPO in the third quarter of this year, people familiar with the matter told Reuters, in what is the expected to be a more than $15 billion deal.
SAN FRANCISCO - The U.S. government announced on Friday it will give up its most direct means of control over the Internet's infrastructure, but said it will insist that the job be taken on by a group that includes the private sector and other interested parties, not just multiple governments.
NEW YORK - International Business Machines Corp has not relinquished its customers' data to the U.S. government and would challenge any orders to do so, the company said in a blog post on Friday.
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