Z. Yuzhe, W. Liwei and W. Hongyuran via Caixin | Strengthening the People’s Bank of China’s regulatory clout is high on a list of suggestions for improving financial market oversight following last summer’s stock market crash.
Wang Xiaoqing via Caixin | The huge e-commerce day is a windfall for Alibaba, but a headache for sellers and brand names, not to mention the economy.
BEIJING | March 28, 2015 | By Zhang Yuzhe via Caixin | Alibaba is betting on biometrics as the next step for secure online financial transactions and bank account business.
BEIJING | By Caixin | E-commerce giant Alibaba Group’s huge initial public offering in New York has stirred the market. Raising US$ 25 billion in total after the company and some of its shareholders sold extra shares, Alibaba’s IPO now ranks as the biggest ever.
BEIJING | By Liu Ran via Caixin | E-commerce giant Alibaba Group Holdings Ltd. has taken another step forward in the online video business by establishing a video production business. China Vision Media Group Ltd., which is 60 percent owned by Alibaba and listed in Hong Kong, registered Alibaba Pictures Group Ltd. in Hong Kong on April 3, a source who works at Alibaba said. The legal representative of the new company is Dong Ping, the chairman of China Vision.
Mid-April the largest Chinese micro blogging service, Weibo, raised $286m in its Nasdaq debut. Within weeks, Alibaba, the largest e-commerce platform in the world is expected to complete probably the biggest IPO in history. These are some of the main players of China’s booming Internet economy, which saw revenues of 600.41 billion Yuan in 2013, and it is expected to reach 1.72315 trillion Yuan in 2017. But censorship and strict regulations are hindering the growth of the country’s cyber players.