Live Breaking News & Updates on Shell search

Stay informed with the latest breaking news from Shell search on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Shell search and stay connected to the pulse of your community

E-House's open strategy to acquire an 85% stake in Tmall Haofang

E-House's open strategy to acquire an 85% stake in Tmall Haofang
SHENZHEN, CHINA, May 14, 2021 - (ACN Newswire) - On April 28, E-House China Enterprise Holdings Co., Ltd. (2048.HK) announced it had acquired an 85% stake in Tmall Haofang, through an issue of 248 million new E-House shares to Alibaba (NYSE: BABA; 9988.HK). At HK$ 7.50 per share, it was the equivalent to an acquisition at HK$ 1.86 billion.
At the same time, Alibaba, E-House founder and chairman Zhou Xin, and Alibaba's Yunfeng Fund invested HK$ 990 million, HK$ 1 billion and HK$ 500 million respectively at the price of HK$ 7.50 per share to subscribe to 132 million, 133 million and 66.67 million new shares of E-House.

Leju , Guizhou , China , Zhou-xin , Jiangsu , Shenzhen , Guangdong , Yunfeng , Sichuan , Lianjia , Fujian , Youfang

China requires 'self-correction' of monopolistic behaviour by 34 local web giants • The Register

SAMR will follow up with inspections and any companies it finds still using anti-competitive practices “will all be severely punished in accordance with the law.”
Chinese journalist Zichen Wang, who writes an English-language blog that interprets Chinese policy, wrote that SAMR wants to stamp out the following activities:
“Er xuan yi,” literally, “choose one out of two,” meaning punishing merchants from selling on rival platforms;
Abuse dominant position in the market;
Buying out leading but small entrants to a burgeoning market;
Burning through cash to grab market share in community group buying;
Discriminating against certain users based on big data;

China , Ding-dong , Guangdong , Beibei , Chongqing , Suning , Hebei , Weidian , Anhui , Youxian , Sichuan , Chinese