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Alibaba Shows the Future of China 2.0
These are heady days for Chinese Internet companies, which are emerging from assembly-plant anonymity to fashion their own distinct identities. Just this winter China passed the U.S. as the country with the most people online -- 220 million. Though there are still plenty of impediments that inhibit e-commerce in China, Chinese Internet companies are poised for even better days ahead. And the Alibaba Group -- the parent of Alibaba.com -- is arguably China's most impressive Internet outfit.Asia Deal Digest: June 13, 2013
* S&C and Jones Day on $2.5 billion acquisition of U.S. tire maker by India's Apollo* MoFo advising SoftBank on $3.3 billion bond issue* Freshfields readies New World's $700 million Hong Kong hotel IPOThree Am Law Firms Reprise Roles in AT&T's Leap Buy
Two years after AT&T's failed bid to acquire T-Mobile USA from German parent Deutsche Telekom, the telecommunications giant has once again turned to a team of lawyers from Sullivan & Cromwell, Arnold & Porter, and Crowell & Moring to advise on its proposed $1.19 billion cash buy of Leap Wireless, which is being advised by Wachtell, Lipton, Rosen & Katz.Laziness: The yeast for invention
Jack Ma loves a good dustup, as his onslaught against eBay Inc. proved. The year was 2003. Though Ma's Alibaba.com Ltd. had a lock on business-to-business online auctions in China, eBay still controlled 80 percent of the consumer market. Undaunted, Ma started Taobao.com, a rival that lured eBay customers away by waiving user fees and forfeiting profits.State AI Legislation Is on the Move in 2024
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