Russian billionaire Alisher Usmanov's investment in Alibaba has soared more than 500 percent since he invested in the group, he told American TV network CNBC, adding that he has not sold any of his stake in the Chinese e-commerce giant. Full Story

Samsung Group says to sell four units to Hanwha Group for $1.7 billion

Samsung Group said on Wednesday it is selling stakes in defence firm Samsung Techwin Co Ltd and three other units for 1.9 trillion won ($1.72 billion). Full Story

Foxconn plans new plant to produce iPhone 7 touch-screen

Foxconn, the contract manufacturer of iPhone, plans to build a factory in Zhengzhou, Henan province, to manufacture touch-screen for iPhones, according to a report. The news prompted speculations that the factor in Henan will manufacture transparent body and sapphire screen of the smartphone, said China Economic Weekly. Full Story

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