iQiyi service, owned by Baidu Inc., plans to conduct an IPO in the US in 2018. When posted, the cost of the most popular in China streaming service similar to Netflix, can be estimated at more than $ 8 billion, according to Bloomberg, citing two informed sources. The company controlled by search...

IVP aims to utilise the funds in high growth areas, including cloud computing, cyber security and social media markets. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk {...

The deal is aimed at tapping the fast growing skincare business in South Korea. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk { font-family: "Calibri"; font-size: 11pt; }p.ctl...

Some American farmers have bene forced to spill milk because of a domestic dairy glut in the United States.   The processing capacity for milk is slower that the rate at which the U.S. national milk production is increasing. Due to competition from other beverages and because the share of...

Of the 550 jobs, Nestle will trim up to 450. The company has cited a slowdown in the market for these job cuts. p { margin-bottom: 0.25cm; direction: ltr; color: rgb(0, 0, 10); line-height: 120%; text-align: left; }p.western { font-family: "Calibri",serif; font-size: 11pt; }p.cjk { font-family:...

In what is the latest model in a sweeping overhaul of the carmaker’s line-up under Chinese ownership, Volvo Cars showed off its first compact SUV with the launch of its new XC40 model.   Volvo has been put on course for a fourth straight year of record sales by the success of its XC90 and...

Primarily due to its $6.6 billion leveraged buyout in 2005, $400 million in interest payments on its debt every year was being made by Toys “R” Us Inc. The biggest bankruptcy of a U.S. retailer since that of Kmart in 2004 resulted this week as it succumbed to its debt burden.   Given that...

Despite the appearance of finality to the matter, there still lurks an element of uncertainty given Western Digital Corp’s earlier position on the matter. As per three sources with knowledge of the talks, Toshiba Corp has selected U.S. private equity firm Bain Capital to buy its NAND chip business....

Australia’s insurance market is an attractive proposition for foreign insurers given the size of its population and the growth rate of its economy. According to two sources with direct knowledge of the matter at hand, Hong Kong-based insurance firm AIA Group Ltd is close to acquiring Commonwealth...