Alibaba Group Holding Limited (NYSE:BABA) declared that its Patrick Liu, the president of the Chinese e-commerce firm’s digital entertainment unit, has been arrested over issues related to his time as head of Tencent Holdings Ltd’s video division. Alibaba spokesman Bob Christie stated in an email that they understand that Patrick […]

A business-to-consumer e-commerce company in China, E-Commerce China Dangdang Inc. (NYSE:DANG) released that its Board has got a non-binding offer letter, from Ms. Peggy Yu Yu, Chairwoman of the Board, and Guoqing Li, director as well as CEO of the firm, offering a going-private transaction. The Buyer Group proposes to […]