Paul Carsten
Stories by Paul Carsten
China’s Baidu sets up $3b internet investment fund in bid to future-proof its business
Investments will focus on mid- and late-stage deals in the internet sector, in Chinese yuan, U.S. dollars and other currencies, with individual fundin
Taiwan’s Foxconn invests $120m in Didi Chuxing, valuing ride app firm at $33.7b
The transaction gives Didi a valuation of $33.7 billion. Didi's roster of investors is increasingly a who's who of global tech giants, including the
Didi Chuxing’s Cheng Wei, the Chinese patriot who tamed Uber
Investors and Didi staff say Cheng has a cool head, a keen strategic eye and a lack of ego - all pivotal in taking on and beating Uber in a two-year,
Tencent to buy gaming firm Supercell from SoftBank, others in $8.6b deal
Tencent will, over three installments, acquire about 84.3 per cent of Supercell via a wholly owned consortium, including all of SoftBank's 72.2 per ce
Alibaba’s Jack Ma hopes affiliate Ant Financial will list in Hong Kong
The company, which includes online payment service Alipay - its crown jewel - is valued at close to $60 billion, a person familiar with its latest fun
