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Alibaba announces $6 billion buyback but misses EPS forecast


Alibaba Group Holding Ltd plans to buy back shares worth up to $6 billion over two years, the company said on Thursday, as it beat first-quarter revenue forecasts but fell short of earnings estimates.

China opening up its bond markets, but currency seen as major barrier

HONG KONG China's policymakers plan to open the doors wider than ever to foreign investment in the country's $3 trillion bond market, in part to help shore up the struggling yuan. But the currency is also proving to be a major barrier to the success of their plan.

May 10 2017

Macau monitors ATM withdrawals, raids casinos as top official visits

HONG KONG Macau plans to add security features to ATMs to monitor withdrawals, authorities in the world's largest gambling hub said as the Chinese territory seeks to tighten restrictions on cash flows out of the mainland.

May 08 2017

China policymakers bullish on economy, cite strong first-quarter GDP, stable yuan

SHANGHAI Policymakers in China are pushing a bullish message on the world's second-biggest economy after a solid first quarter, pointing to a slow down in capital outflows and a stable yuan after a selloff last year stoked fears of instability.

Apr 24 2017

China EV makers to take on Tesla's Model 3 through price, local manufacture

SHANGHAI It's not due to arrive in China until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch cars to go head-to-head against Tesla Inc's "mass market" Model 3 sedan.

Tech, China Apr 19 2017

China's Huawei targets Amazon, Alibaba in public cloud service push

HONG KONG Chinese telecoms equipment and smartphone maker Huawei Technologies Co Ltd [HWT.UL] on Tuesday said it aims to compete with Amazon.com Inc and Alibaba Group Holding Ltd as a global provider of public cloud services.

Apr 11 2017

China court orders Samsung units to pay $11.6 million to Huawei over patent case

HONG KONG A Chinese court has ordered Samsung Electronics's mainland subsidiaries to pay 80 million yuan ($11.60 million) to Huawei Technologies [HWT.UL] for patent infringement, the China firm's first victory against Samsung on its legal challenges over intellectual property.

Tech, China Apr 06 2017

China's popular first lady takes the stage in Xi's U.S. visit

BEIJING Glamorous, popular and passionate about fighting AIDS, Chinese first lady Peng Liyuan is Beijing's diplomatic not-so-secret weapon spreading Chinese soft power around the world. | Video

Mar 31 2017

China's ZTE posts fourth-quarter net loss after U.S. sanction case fine

HONG KONG Chinese telecommunications equipment maker ZTE Corp on Thursday reported a net loss of 5.22 billion yuan ($760 million) in fourth-quarter profit, as it booked a $892 million charge to settle a U.S. sanctions case.

Mar 23 2017

China's Geely doubles earnings as Volvo tech boosts sales

BEIJING China's Geely Automobile Holdings Ltd posted its biggest profit growth in eight years on Wednesday, as improved product design and engineering following its 2010 purchase of Sweden's Volvo helped propel it to record sales.

Mar 22 2017

The yuan charge

Participants wait to perform a dragon dance during a mass fitness programme outside the National Stadium, also known as the Bird's Nest, in Beijing June 20, 2009.

The Obama administration is taking China head on over the yuan. As Congress comes closer to punishing Beijing for not letting the currency strengthen more rapidly, Reuters explains the factors behind the yuan's sudden gains.   Document