News

Alibaba revenue soars ahead of IPO

(Reuters) - China's Alibaba Group Holding Ltd [IPO-BABA.N], which is expected to go public in New York as early as next month, reported a 46 percent jump in quarterly revenue as growth in the world's largest e-commerce market showed no signs of slowing.

Berlin bans car service Uber

BERLIN (Reuters) - Berlin has banned car service Uber, which allows users to summon a ride on their smartphone, for not offering drivers and vehicles licensed to carry passengers, or full insurance cover, the German capital said.

Brazil telecoms battle heats up as Oi steps in

MADRID/PARIS (Reuters) - The battle over Brazil's telecoms market is heating up, with the country's biggest fixed-line firm Oi signaling it may make an offer for Telecom Italia's local mobile business.

China's Wanda, Tencent and Baidu team up for $813 million e-commerce deal: sources

BEIJING (Reuters) - China's privately-held Dalian Wanda Group is set to launch a 5 billion yuan ($813 million) e-commerce joint venture with domestic internet giants Tencent Holdings Ltd and Baidu Inc, according to two sources familiar with the investment.

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