Business Tianjin Magazine - Business English Magazine in China
Monday, 11 July 2011 15:06
Monday, 25 July 2011 13:55
Friday, 02 December 2011 13:25
Shares in Yahoo rose on reports that China's Alibaba Group was preparing a takeover bid with private equity firms Blackstone and Bain Capital.
Yahoo shares ended Thursday trading on the Nasdaq tech exchange 3.3% higher, having been 4.8% up at one point.
Unconfirmed reports said the consortium may pay up to $20 per share - well above Thursday's close of $16.23 - valuing Yahoo at $25bn (£16bn).
Alibaba, one of China's top internet firms, said it was weighing options.
"Alibaba Group has not made a decision to be part of a whole company bid for Yahoo," said John Spelich, spokesman of Alibaba Group.
Buying back stake?
Alibaba has had a long association with Yahoo, but relations have taken a turn for the worse in recent years.
The two companies came together after Yahoo bought a 43% stake in Alibaba in 2005 for $1bn.
However, things between the two have not worked out as planned, prompting Alibaba to try and buy back its stake.
The relations hit a turning point earlier this year after Alibaba spun off its online payment business, Alipay, effectively putting it out of the reach of Yahoo.
Yahoo accused the Chinese company of hiding the switch from it, saying the change had been made in August 2010, but it only found out about it in March this year.
Analysts said Alibaba's interest in bidding for Yahoo was being dictated in part by its efforts to get back full control of its own company.
"Alibaba definitely wants to get its stake back from Yahoo, so whatever can make that happen, they will try for it," said Dick Wei of JP Morgan in Hong Kong.
Yahoo has been struggling to keep hold of its market share amid growing competition from the likes of Google and Facebook.
Its failure to do so resulted in chief executive Carol Bartz being fired earlier this year, and the company launching a strategic review of its operations.
While Yahoo has seen its fortunes fall, Alibaba Group has been growing robustly, helped by a boom in the Chinese internet market.
With more than 500 million users, China is the world's biggest online market and it is is expanding at a rapid pace.
Alibaba has cashed in on the growth. The group's online shopping website Taobao is the largest in China and boasts 50 million unique visitors a day.
It has become the top destination for almost three-quarters of the country's online shoppers.
It hosts 30,000 online stores, and about 53,000 items are sold on the Taobao website every minute.
Written by Helen Wednesday, 04 December 2019 18:07
Tianjin United Family Hospital is a leading medical facility, integrating excellent and safe healthcare under one trusted United Family Health brand. It incorporates a dedicated and credentialed team of medical staff in the mission of providing the best care to their valued patients. One can expect personalized attention and quality healthcare by highly competent and skilled medical professionals, but we also can find passionate people performing their daily work in a perfect harmony.
Last month economic data showed disparate performance in different areas of the economy. Manufacturing activity is weakening, but consumer sentiment is still healthy. Domestic demand for consumption remains strong, while global demand is impacted by trade war concerns. The government is adamant about maintaining growth and is taking concrete measures. The true impact of these efforts can be measured only after a necessary time interval for them to materialize. Even if the trade war tensions do not ease, there are still plenty of strategies that the government can explore. The government is likely aware of its options. It will probably have to contend with alternatives, as a trade deal is not yet easily foreseeable.
The rise of the Chinese banking sector and the Chinese financial institutions at large signifies a shift in power in the global financial infrastructure and architecture. We analyse in our Feature Story column the reason why they represent a challenge to the system that was produced by the Bretton Woods agreement. The western financial system is no longer the only player, and in the future, this may pave the way for a multilateral global financial system.
With the growth of the new retail ecosystem in China, the Chinese tech companies are increasingly becoming more powerful with massive repositories of data on Chinese consumers. Many brands take the assistance of these Chinese tech biggies in entering the China market, whether it’s by using the latest AI technology, building an inventory platform, or a delivery infrastructure. Get to know in our In Depth section how China is revolutionising the concept of ‘Smart Retailing’.
Visit our website www.businesstianjin.com and follow us on our official Wechat account (ID: business_tianjin) for a complete list of articles and information.
06 BIZ BRIEFS
12 FEATURE STORY: Chinese Banks
16 COVER STORY: Personalized care and best practice
22 INSPIRATIONAL: Courage and strong determination
24 TRAVEL: Hoi An
28 Real Estate: Urban Areas and Climate Change
30 INVESTMENT: MEGVII
32 IN DEPTH: How China is revolutionising the concept of smart retailing
40 LEGAL ASSISTANT: Financing your WFOE in China
44 E-BIZ: Tips on how to protect your Ecommerce store from payment fraud
46 BUSINESS NEWS
56 HR: How Small Businesses Can Recruit And Retain Great Talent
58 CHAMBER REPORTS
68 BOOK REVIEW: Jack Ma - The Art of Dreaming & Succeeding Extraordinarily
69 LAST WORDS: Majiang
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