Investors are betting on poker in China

Kim Kyung-Hoon/Reuters China’s attempt to create a massive domestic sports industry has sent huge waves through sport, media, business, and their intersections, Alibaba’s plan to spend US$100 million to establish rugby in the country just the latest ... ( read original story ...)

China’s Crown Probe Seen as Warning Shot to Foreign Firms

China’s surprise detention of 18 employees from Australian casino operator Crown Resorts Ltd. is reverberating from Macau to Las Vegas and beyond, with gambling concerns—and some business consultants in general—advising foreign executives to steer ... ( read original story ...)

Will Alipay Dominate Global Mobile Payments?

PayPal is playing catch-up in mobile transactions. Their positions, however, may soon be challenged by Alipay, China’s largest mobile payment service provider with 450 million users. Alipay, originally created by Alibaba, and now a part of Ant Financial ... ( read original story ...)

Unicom Hopes on Hold

China Unicom shows the strategy is far from a sure bet. The weakest of the nation's three mobile-phone operators disclosed on Oct. 10 that it was a candidate for "mixed-ownership" reform, under which private capital will be allowed to play a bigger ... ( read original story ...)

China Unicom nine-month net profit plunges 81 percent

HONG KONG China Unicom Hong Kong Ltd (0762.HK), the country's second largest telecom operator, posted a 80.6 percent fall in net profit in the first nine months partly due to high marketing expenses as it tries to capture more subscribers. China Unicom's ... ( read original story ...)