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China’s largest PC maker to take over Fujitsu PC arm

Bloomberg Lenovo Group Ltd. unveiled plans to take over Fujitsu Ltd.’s personal computer business for at least $157 million after posting its strongest revenue growth in two years amid signs the PC market is stabilising. China’s largest PC maker reported a 5 percent jump in revenue to $11.8 billion in the quarter ended in September, surpassing projections for $11.3 billion ...

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SoftBank’s Vision Fund to invest in Auto1 Group

Bloomberg SoftBank Group Corp.’s Vision Fund is in talks with Auto1 Group GmbH to invest in the German used-car portal, according to a person familiar with the matter. The Vision Fund is set to invest more than $116 million in Berlin-based Auto1 at a valuation greater than 2.5 billion euros, said the person, who declined to be named as the ...

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Alibaba raises sales forecast after results top estimates

Bloomberg Alibaba Group Holding Ltd. raised its outlook for full-year revenue growth after reporting sales that beat analysts’ estimates, buoyed by advertisers who spent more to lure shoppers. China’s biggest e-commerce company is now predicting a 49 to 53 percent rise in revenue in the current fiscal year, after acquiring and folding in results from its logistics arm Cainiao. It ...

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