Alibaba Invests in Chinese Travel-Website Qyer

Alibaba Invests in Chinese Travel-Website Qyer

The Wall Street Journal HONG KONG—Alibaba Group Holding Ltd. said Tuesday it has made an investment in travel website Qyer, in the latest in a series of deals by China’s largest e-commerce company. Alibaba, which operates Taobao and other online shopping sites,...
Guoguang Buys China.com

Guoguang Buys China.com

Chinatechnews.com Perhaps as a sign of the sinking values of Chinese Internet businesses, CDC Corporation, a portal website operator, media and exhibition organizer, has sold its Internet portal business China.com to Guoguang Global Media Holdings Limited for a paltry...