- Alibaba, Yahoo, Software Settle Alipay Dispute
The new owner of Alipay would pay Alibaba Group 37.5 percent of the total equity value of Alipay, or a payment of at least 2 billion dollars and up to 6 billion dollars for any liquidity event.
- Lenovo, NEC Launches Japan’s Largest PC Group
China’s Lenovo Group and NEC Corp of Japan have announced Monday the launch of NEC Lenovo Japan Group, which becomes the largest PC brand in Japan with nearly one fourth of market share.
- Lenovo CEO Yang Increases Stake
Lenovo Group Ltd. Chief Executive Yang Yuanqing has increased holdings of the company’s outstanding shares of about 8 percent from its biggest shareholder, Legend Holdings Ltd.,
- S&P Downgrades Chinese Property Outlook
Rating agency Standard & Poor’s has downgraded its outlook for China’s real estate development sector to negative from stable, citing reasons of credit tightening in the country.