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Alibaba co-founder Jack Ma retiring at 54

Alibaba co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education.

EU must challenge PayPal, Apple in payment services

European Union countries must foster payment services that work across the continent to boost its financial sector and reduce dependence on third countries like the United States, a top European Central Bank official said Monday.
Asura

China’s most expensive movie becomes epic flop

With a $113-million budget, the most expensive Chinese film ever made has become a flop of historic proportions, pulled from theatres on its opening weekend after bringing in a paltry $7.3 million.

Uber rival Didi gets permission to test self-driving cars in California

The company is allowed to test autonomous vehicles in the state as of May 10, according to the California Department of Motor Vehicles’ website.

Alibaba acquisition values meal-deliverer Ele.me at $9.5 billion

Chinese e-commerce giant Alibaba said Monday it was acquiring full ownership of leading food-delivery firm Ele.me in a deal that values the Shanghai-based start-up at $9.5 billion.

Hong Kong stocks close down more than five percent

Hong Kong stocks crumbled more than five percent on Tuesday, making it one of the worst performers on a painful day for Asian markets after a record-breaking collapse on Wall Street fuelled by concerns over rising US interest rates.

Alibaba buys stake in Wanda Film for $750m

Troubled Chinese conglomerate Wanda announced Monday that e-commerce giant Alibaba has agreed to buy a stake in its cinema division for around $750 million, the latest sell-off by the heavily-indebted group.

Javier Mascherano nicknamed Pony Brother in China

Disgusted Chinese football fans branded Carlos Tevez “Very Homesick Boy” but they have an altogether fonder nickname for his fellow Argentine Javier Mascherano, “Pony Brother”.

Asian markets clumb again, dollar faces further weakness

Asian equities continued their positive start to the year on Wednesday following more record closes on Wall Street, but the dollar faced further selling pressure.

Meet China’s richest persons in pictures

The net worth of China's ultra-rich surged this year with Evergrande real estate mogul Xu Jiayin's $43 billion fortune catapulting him to the top, a survey released Thursday said.

China disrupts WhatsApp ahead of Communist Party meeting

Chinese authorities appear to have severely disrupted the WhatsApp messaging app in the latest step to tighten censorship as they prepare for a major Communist Party congress next month.

Recent Stories

Rotimi Amaechi: Federal government, General Electric never signed railway agreement

Nigeria's transportation minister Rotimi Amaechi has said the supposed federal government and General Electric railway concession agreement ended at the negotiation stage.

Expert proffers solution to dearth of healthcare professionals

Prof. Usman Ahmed, Provost, College of Health Sciences, Federal University, Dutse, Jigawa, says Nigeria must establish Federal University of Health Sciences in six geo-political zones to address inter-disciplinary rivalry and dearth of healthcare professionals.
prison

Man sentenced to three years in prison for raping 8-year old girl

An Upper Area Court III, Kasuwan Nama in Jos, on Friday, sentenced a 61-year-old businessman Isaac Phillip to three years in prison for raping an eight-year-old girl.

Gabon faces constitutional crisis over acting president

Gabon’s Constitutional Court has intervened in a crisis surrounding hospitalised president Ali Bongo, declaring to a storm of criticism that it had modified the constitution to address his “temporary incapacity”.

Hope Uzodinma: I will liberate masses in Imo if elected

Hope Uzodinma, the All Progressives Congress (APC) governorship candidate Imo State and Senator for Orlu Senatorial District (Imo West), has promised to liberate the state from its shackles of underdevelopment and political bondage if elected into office.