Closer Look: Regulator Takes Hard Look at Jack Ma-Hundsun Deal
(Beijing) – The securities regulator has been consulting large securities firms and fund companies regarding the proposed acquisition of a leading financial software provider by Jack Ma, the founder and chairman of e-commerce giant Alibaba Group, sources with knowledge of the matter said.
Zhejiang Rongxin Network Technology Co. Ltd., in which Ma holds 99.1 percent of the shares, proposed buying all of Hangzhou Hundsun Technologies Group Co. Ltd. (Hundsun Group).
- Zuckerberg Impresses Tsinghua Students with His Chinese, Even Talks Tech
- Rise and Fall of a Coal Boomtown in Shanxi Province
- Despite Ban, County Holds Convict Parade Days before Rule of Law Plenum
- Paris Expatriate
- Loft Horizon
- Fourth Plenum
- Which Way for Smartphone Swipe and Pay?
- Do you have faith in the central government's plans for cutting air pollution?
- Media Executive Who Ignored Mobile Internet Takes His Leave
- Chinese Firms 'Want to Build Bullet Trains for California Project'
- Sign up to receive our free daily newsletter
- The Yellow Pearls of China: Women with a PhD
- Graphics: Ghost Towns
- China Nears Deal with Mexico to Export Bullet Trains for First Time
- Researchers Cast Doubt on State Council Goals to Cut Air Pollution
- Eight Killed and 18 Injured in Riot in Kunming Suburb, Local Gov't Says
- Graphics: The Fourth Plenum
- Huge Vale Ship Arrived in Qingdao with 300,000 Tons of Iron Ore
- The Golden Lands: Cambodia, Indonesia, Laos, Myanmar, Thailand & Vietnam
- Revision of Securities Law Is Chance to Liberalize Market
- Alibaba Shopping Site Red-Faced after Number of Phone Orders Faked