NRLPA: OMA

China acquires ‘preferred shares’ in two Alibaba units

BEIJING, China, Jan 13 (Reuters) – China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd (9988.HK), according to company registration records, so that Beijing is extending its campaign to tighten control over the Internet. contents. Beijing has taken “preferred shares” in private online media and …

China acquires ‘preferred shares’ in two Alibaba units Read More »

Meta takes on the US antitrust agency over the future of virtual reality

SAN JOSE, Calif./WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, launching a high-profile lawsuit to try to stop parent Facebook from buying virtual reality app developer Within Inc. The FTC filed a lawsuit in July to end …

Meta takes on the US antitrust agency over the future of virtual reality Read More »

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholders Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC Read More »