China’s online juggernauts Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are beating Silicon Valley in the race to build mobile-money systems in some of the world’s fastest-growing consumer markets.
NYS Entity Status
NYS Filing Date
SEPTEMBER 13, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - CASWELL BUSINESS MANAGEMENT, LTD.
AROUND THE WEB
- Alibaba and Tencent Set Fast Pace in Mobile-Payments Race
Friday Sep 22, 2017
- China clamping down on use of VPNs to evade Great Firewall
By JOE McDONALD, AP Business Writer - Thursday Jul 20, 2017
BEIJING (AP) — China is tightening control over foreign companies' internet use in a move some worry might disrupt their operations or jeopardize trade secrets as part of a crackdown on technology that allows web surfers to evade Beijing's online censorship.In a letter to corporate customers seen by The Associated Press, the biggest Chinese internet service provider says virtual private networks, which create encrypted links between computers and can be used to see sites blocked by Beijing's web filters, will be permitted only to connect to a company's headquarters abroad.The letter from state-owned China Telecom Ltd. says VPN users are barred from linking to other sites outside China, a change that might block access to news, social media or business services that are obscured by its "Great Firewall."Authorities have tried to reassure companies they won't be affected, but if the rules in the China Telecom letter are enforced, they could hamper activity ranging from gathering information for business deals to employees working on business trips.A Western diplomat who asked not to be identified further due to the sensitivity of the issue said companies have told his government they worry the controls might lead to weaker data security and trade secrets being leaked to Chinese competitors.[...] companies increasingly limit VPN access to employees such as media managers "with a critical business need" to see a banned website, according to Jake Parker, vice president of China operations for the U.S.-China Business Council."Foreign trade enterprises and multinational companies that need a cross-border line for their own office use can lease one from an authorized telecoms enterprise," said the statement.
- Teva Sells Slate of Women's Health Products
Monday Sep 18, 2017
Teva Pharmaceutical Industries Ltd. will sell the remaining assets in its specialty global women’s health business for $1.38 billion, the company’s latest move to grapple with high debt.
- Now Is The Time To Plan For Retirement
Tuesday Jun 5, 2012
Some women may avoid planning for retirement or handling the family's investments but now is the time to get engaged, says Susan Hirshman, president of SHE Ltd.
- BlackBerry Revenue Falls Amid Shift to Software
Friday Jun 23, 2017
BlackBerry Ltd. stock plunged 11% in Friday trading after the company posted a steep drop in quarterly revenue as it continues to shift focus to its burgeoning software business.
- Shipping Firm Frontline to Abandon Pursuit of Gener8
Saturday Jun 24, 2017
Frontline Ltd., the tanker firm owned by Norwegian billionaire John Fredriksen, has abandoned plans to acquire U.S.-listed rival Gener8 Maritime Inc., a person familiar with the matter said.