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World’s costliest gas clouding China campaign for blue skies

Bloomberg China has promised to make its skies blue again, but having some of the world’s most-expensive natural gas isn’t helping. The biggest energy consumer on earth wants to use more of the cleaner-burning fuel in place of the coal that’s choking its skies and causing pollution far exceeding the World Health Organization’s daily recommended limit. China has the ability ...

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Flipkart, Snapdeal duel over $100 million valuation gap

Bloomberg After Snapdeal’s board rejected a takeover offer from Flipkart Online Services Pvt., the two sides find themselves about $100 million apart as negotiations continue, people familiar with the matter said. Flipkart, India’s largest e-commerce operator, is unlikely to raise its offer above $900 million while Snapdeal is seeking a price of $1 billion, the people said, asking not to ...

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Baidu snags 50-plus partners for its Apollo driverless car

Bloomberg Baidu Inc. has enlisted more than 50 partners for its Apollo driverless project, signing up major players in areas from mapping and ride-sharing to automaking to aid the Chinese search giant’s foray into AI-powered vehicles. The program aims to open up part of Baidu’s autonomous car software in the same way that Google released its Android operating system for ...

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