Bloomberg Alibaba Group Holding Ltd. is setting up a $2 billion joint venture with billionaire Alisher Usmanov’s internet services firm Mail.ru Group Ltd. to strengthen the Chinese company’s foothold in Russian e-commerce. Asia’s most valuable company signed an accord with Mail.ru to merge their online marketplaces in the nation of more than 140 million people. The deal is backed by ...

Bloomberg A Chinese consortium including Hillhouse Capital is planning to drop its pursuit of a takeover of Yum China Holdings Inc., the $14 billion operator of KFC restaurants in the world’s most populous nation, people with knowledge of the matter said. The investor group, which also included KKR & Co. and China’s sovereign wealth fund, has decided not to continue ...

Bloomberg Singapore, one of the world’s easiest places to do business, is making it simpler for investment managers to register funds locally as the city-state goes after a bigger slice of the $69 trillion global asset-management industry. While many asset managers have offices in Singapore, most of their funds are still registered in offshore jurisdictions. A new corporate structure bill ...