When Samsung Electronics Co.’s early-September Galaxy Gear launch created a hype around the potential market for smartwatches, it was certain that we would soon see cheaper versions from Chinese competitors.
The New York Stock Exchange and the Nasdaq Stock Market have each agreed to let Alibaba Group Holding’s founder and senior management team have control over the board of the Chinese e-commerce giant if it seeks to list its stock on the exchanges, Alibaba said.
Alibaba Group Holding Ltd. is now planning to list its shares in the U.S., after talks with the Hong Kong stock exchange for an initial public offering in the city broke down, said a person familiar with the situation.
To find an alternative to a dual-class structure, Alibaba and the Hong Kong exchange are discussing creative ways to enable Alibaba’s key owners to maintain a certain level of control over the company.
The same touch-panel technology that made the iPad mini thin and light will likely feature in the next iPad, which is currently being produced by Apple Inc.’s Asian suppliers, according to people with knowledge of the matter.