Bigger than Facebook? Chinese tech giant Alibaba plans U.S. IPO
Alibaba -- a Chinese e-commerce behemoth with revenue larger than Amazon and EBay combined -- has decided to go public in the U.S. after months of speculation that it would list in Hong Kong. The company could raise up to $15 billion at an estimated valuation of up to $200 billion.
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Messaging app line unveils ?sticons?
The fast-growing messaging app that dominates Japan and a few other Asian markets is known for its popular virtual stickers, or cartoon images that can be sent as messages.
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For elusive Tizen smartphone, another new launch date
In an interview with Reuters published Wednesday, a Samsung executive said that a smartphone running Tizen ? an upstart operating system backed by Samsung, Intel and others ? would be launched around the end of the second quarter.
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Tencent WeChat and SINA Weibo: the frenemies of the Chinese mobile space
Once the darling of tech investors, Sina (NASDAQ: SINA) Weibo failed to excite Asian investors during its pre-IPO investor education in Hong Kong last week. Sina is expected to spin off its Weibo social networking service in an IPO on April 17, with Goldman Sachs (Asia) and Credit Suisse serving as the lead underwriters. Weibo?s 20 million shares are likely to be priced at $17-19 each, based on a $3.2-3.6 billion enterprise valuation.
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