Talks are underway to merge Amazon’s Chinese venture with NetEase-owned Kaola, according to business publication Caijing. Kaola is a Chinese e-commerce firm which specializes in selling imports. The business publication added that an agreement had been inked late last year amidst difficult negotiations. NetEase is listed on the Nasdaq and boasts a market cap of slightly over $ 30 billion. Besides Kaola, the Chinese tech giant also develops internet content, including games for personal computers and mobile devices. Amazon China Chooses to Compete in a Niche Rather than Target Alibaba Directly Currently, Kaola is the biggest Chinese e-commerce firm that deals
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BB&T and SunTrust announced a blockbuster merger that will create the sixth-largest bank in the United States. The $ 66 billion all-stock merger will see the combined entity serve more than 10 million U.S. households. Also noteworthy is that this deal is the first of this magnitude since the infamous 2008 financial crisis. BB&T-SunTrust Merger Likely Means Employee Layoffs The deal, while being called a merger, entails BB&T acquiring SunTrust. SunTrust is moving its Atlanta operations to Charlotte, NC where BB&T is based. Charlotte will be the new headquarters. Bill Rogers is the CEO and Chairman of SunTrust, while Kelly King
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Israeli equity investors seem to maintain a strong appetite for exposure to the bitcoin ecosystem. The value of a public company traded on the TASE has increased by almost half after it officially completed a deal with Canadian miner Bitfarms.
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