- GM Ready to Clinch the Title of Biggest IPO Ever
Chances are rising for General Motors Co GM.UL to clinch the title of the biggest initial public offering ever in history, after the auto maker priced shares at the top of the proposed range in response to huge investors.
- GOME to Hold EGM to Add Two Directors
An GEM will be held on Thursday to discuss proposals to add two of Huang’s representatives to the board, after the two reached an agreement to end the dispute over power control at the second-largest retailer in China.
- Taobao Mall Launched New Web
Taobao is re-branding its B2C platform Taobao Mall, giving it an independent web address, Tmall.com, and spending $30 million in an advertising campaign to attract more users.
- Baidu Q3 Revenue Rises 76.4Pct
Third-quarter revenue for Baidu rose 76.4 percent to 2.256 billion yuan, the largest Chinese search engine announced in its latest results.
- Alibaba, Microsoft Launch New Search Site
Etao has limited its searching services to areas in online shopping currently, is likely to develop into a comprehensive search engine, competing Baidu and Google.